Analog Devices - ADI Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last twelve months. There are currently 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ADI shares.
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21 equities research analysts have issued 12 month price targets for Analog Devices' shares. Their ADI share price forecasts range from $160.00 to $251.00. On average, they predict the company's share price to reach $213.68 in the next year. This suggests a possible upside of 13.0% from the stock's current price.
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Analog Devices' stock was trading at $164.03 at the start of the year. Since then, ADI shares have increased by 15.3% and is now trading at $189.17.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 17th 2023.
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Analog Devices, Inc. (NASDAQ:ADI) released its quarterly earnings results on Wednesday, February, 15th. The semiconductor company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.60 by $0.15. The semiconductor company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.15 billion. Analog Devices had a trailing twelve-month return on equity of 14.69% and a net margin of 27.27%. The firm's quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share.
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Analog Devices announced a quarterly dividend on Tuesday, February 14th. Stockholders of record on Monday, February 27th will be paid a dividend of $0.86 per share on Wednesday, March 8th. This represents a $3.44 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, February 24th. This is an increase from the stock's previous quarterly dividend of $0.76.
Read our dividend analysis for ADI.

ETFs with the largest weight of Analog Devices (NASDAQ:ADI) stock in their portfolio include First Trust Nasdaq Semiconductor ETF (FTXL), Defiance Next Gen Connectivity ETF (FIVG), FPA Global Equity ETF (FPAG), Neuberger Berman Disrupters ETF (NBDS), Invesco Dynamic Semiconductors ETF (PSI), Columbia Seligman Semiconductor and Technology ETF (SEMI), VanEck Semiconductor ETF (SMH) and Strive U.S. Semiconductor ETF (SHOC).

Analog Devices (NASDAQ:ADI) pays an annual dividend of $3.44 per share and currently has a dividend yield of 1.83%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADI will have a dividend payout ratio of 31.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADI.

Analog Devices announced that its Board of Directors has authorized a stock buyback plan on Wednesday, August 25th 2021, which authorizes the company to buyback $8,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 13.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Analog Devices updated its second quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided EPS guidance of $2.65-$2.85 for the period, compared to the consensus EPS estimate of $2.42. The company issued revenue guidance of $3.10 billion-$3.30 billion, compared to the consensus revenue estimate of $3.03 billion.

344 employees have rated Analog Devices Chief Executive Officer Vincent Roche on Glassdoor.com. Vincent Roche has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Analog Devices investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Micron Technology (MU), Cisco Systems (CSCO), Alibaba Group (BABA), Broadcom (AVGO), AT&T (T) and Walt Disney (DIS).

Analog Devices trades on the NASDAQ under the ticker symbol "ADI."

Analog Devices' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (1.84%), Franklin Resources Inc. (1.74%), Wells Fargo & Company MN (1.66%), Lazard Asset Management LLC (1.50%), Norges Bank (1.25%) and Morgan Stanley (1.18%). Insiders that own company stock include Bruce R Evans, Edward H Frank, Gregory N Henderson, James Champy, Joseph Hassett, Kenton J Sicchitano, Martin Cotter, Michael Sondel, Prashanth Mahendra-Rajah, Steve Pietkiewicz, Tunc Doluca, Vincent Roche and Vivek Jain.
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Shares of ADI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADI stock can currently be purchased for approximately $189.17.

Analog Devices (NASDAQ:ADI) has a market capitalization of $95.69 billion and generates $12.01 billion in revenue each year. The semiconductor company earns $2.75 billion in net income (profit) each year or $6.63 on an earnings per share basis.

The company employs 24,450 workers across the globe.

Analog Devices' mailing address is ONE TECHNOLOGY WAY, NORWOOD MA, 02062. The official website for the company is www.analog.com. The semiconductor company can be reached via phone at (781) 935-5565, via email at investor.relations@analog.com, or via fax at 781-461-3113.