Analog Devices (ADI) Stock Forecast, Price & News

21 Wall Street equities research 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 equities research analysts is that investors should "buy" ADI shares.
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21 brokers have issued 1-year target prices for Analog Devices' shares. Their ADI share price forecasts range from $160.00 to $250.00. On average, they anticipate the company's share price to reach $208.04 in the next twelve months. This suggests a possible upside of 15.7% from the stock's current price.
View analysts price targets for ADI or view top-rated stocks among Wall Street analysts.

Analog Devices' stock was trading at $164.03 at the start of the year. Since then, ADI stock has increased by 9.6% and is now trading at $179.80.
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Analog Devices saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,860,000 shares, an increase of 11.0% from the April 30th total of 5,280,000 shares. Based on an average trading volume of 3,050,000 shares, the short-interest ratio is currently 1.9 days.
View Analog Devices' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our ADI earnings forecast.

Analog Devices, Inc. (NASDAQ:ADI) posted its quarterly earnings data on Wednesday, May, 24th. The semiconductor company reported $2.83 EPS for the quarter, topping analysts' consensus estimates of $2.75 by $0.08. The semiconductor company earned $3.26 billion during the quarter, compared to analysts' expectations of $3.21 billion. Analog Devices had a trailing twelve-month return on equity of 15.27% and a net margin of 28.16%. Analog Devices's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.40 earnings per share.
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Analog Devices declared a quarterly dividend on Wednesday, May 24th. Investors of record on Monday, June 5th will be paid a dividend of $0.86 per share on Wednesday, June 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, June 2nd.
Read our dividend analysis for ADI.

ETFs with the largest weight of Analog Devices (NASDAQ:ADI) stock in their portfolio include Defiance Next Gen Connectivity ETF (FIVG), FPA Global Equity ETF (FPAG), Invesco Dynamic Semiconductors ETF (PSI), Neuberger Berman Disrupters ETF (NBDS), Columbia Seligman Semiconductor and Technology ETF (SEMI), Subversive Metaverse ETF (PUNK), WBI BullBear Quality 3000 ETF (WBIL) 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 1.91%. 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 48.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADI will have a dividend payout ratio of 33.93% 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 initiated a stock repurchase program on Wednesday, August 25th 2021, which allows the company to repurchase $8,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 13.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its stock is undervalued.

Analog Devices issued an update on its third quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $2.42-$2.62 for the period, compared to the consensus earnings per share estimate of $2.65. The company issued revenue guidance of $3.00 billion-$3.20 billion, compared to the consensus revenue estimate of $3.16 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.01%), State Street Corp (4.03%), FMR LLC (2.70%), Geode Capital Management LLC (1.86%), Ameriprise Financial Inc. (1.73%) and Franklin Resources Inc. (1.71%). 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.
View institutional ownership trends.

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 $179.80.

Analog Devices (NASDAQ:ADI) has a market capitalization of $90.95 billion and generates $12.01 billion in revenue each year. The semiconductor company earns $2.75 billion in net income (profit) each year or $7.06 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.