Analog Devices - ADI Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ADI shares.
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19 brokers have issued 12-month price targets for Analog Devices' shares. Their ADI share price forecasts range from $145.00 to $220.00. On average, they anticipate the company's stock price to reach $191.95 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
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Analog Devices' stock was trading at $175.77 on January 1st, 2022. Since then, ADI shares have decreased by 4.1% and is now trading at $168.63.
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Analog Devices saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 8,280,000 shares, an increase of 13.9% from the October 31st total of 7,270,000 shares. Based on an average trading volume of 3,740,000 shares, the days-to-cover ratio is currently 2.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Analog Devices, Inc. (NASDAQ:ADI) announced its quarterly earnings results on Tuesday, November, 22nd. The semiconductor company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.15. The semiconductor company had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.16 billion. Analog Devices had a net margin of 22.88% and a trailing twelve-month return on equity of 13.58%. The business's quarterly revenue was up 38.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.73 earnings per share.
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Analog Devices announced a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Monday, December 5th will be given a dividend of $0.76 per share on Thursday, December 15th. This represents a $3.04 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, December 2nd.
Read our dividend analysis for ADI.

Analog Devices (NASDAQ:ADI) pays an annual dividend of $3.04 per share and currently has a dividend yield of 1.77%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 57.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADI will have a dividend payout ratio of 29.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADI.

Analog Devices declared that its board has initiated a share buyback program on Wednesday, August 25th 2021, which authorizes the company to repurchase $8,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 13.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Analog Devices updated its first quarter 2023 earnings guidance on Tuesday, November, 22nd. The company provided earnings per share (EPS) guidance of $2.50-$2.70 for the period, compared to the consensus estimate of $2.41. The company issued revenue guidance of $3.05 billion-$3.25 billion, compared to the consensus revenue estimate of $3.04 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.92%), BlackRock Inc. (8.22%), State Street Corp (3.94%), Massachusetts Financial Services Co. MA (2.04%), Lazard Asset Management LLC (1.56%) and Bank of New York Mellon Corp (0.88%). 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, Neil S Novich, Prashanth Mahendra-Rajah, Ray Stata, 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 $168.63.

Analog Devices (NASDAQ:ADI) has a market capitalization of $85.88 billion and generates $12.01 billion in revenue each year. The semiconductor company earns $2.75 billion in net income (profit) each year or $5.28 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.