Analog Devices - ADI Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ADI shares.
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17 Wall Street research analysts have issued 1 year price targets for Analog Devices' stock. Their ADI share price forecasts range from $167.00 to $220.00. On average, they anticipate the company's share price to reach $195.53 in the next year. This suggests a possible upside of 29.6% from the stock's current price.
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Analog Devices' stock was trading at $175.77 at the beginning of the year. Since then, ADI shares have decreased by 14.2% and is now trading at $150.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Analog Devices, Inc. (NASDAQ:ADI) released its earnings results on Wednesday, August, 17th. The semiconductor company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The semiconductor company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.06 billion. Analog Devices had a trailing twelve-month return on equity of 11.92% and a net margin of 17.00%. The company's revenue was up 76.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 earnings per share.
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Analog Devices announced a quarterly dividend on Wednesday, August 17th. Investors of record on Tuesday, August 30th will be paid a dividend of $0.76 per share on Thursday, September 8th. This represents a $3.04 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Monday, August 29th.
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 2.09%. 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 83.98%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADI will have a dividend payout ratio of 31.93% 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 authorized a share repurchase program on Wednesday, August 25th 2021, which allows the company to buyback $8,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 13.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Analog Devices issued an update on its fourth quarter 2022 earnings guidance on Wednesday, September, 14th. The company provided earnings per share guidance of $2.47-$2.67 for the period, compared to the consensus EPS estimate of $2.50. The company issued revenue guidance of $3.05 billion-$3.25 billion, compared to the consensus revenue estimate of $3.11 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 retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.14%), Park National Corp OH (0.03%), Somerset Trust Co (0.01%), Symmetry Partners LLC (0.00%), Wedmont Private Capital (0.00%) and AdvisorNet Financial Inc (0.00%). 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 $150.85.

Analog Devices (NASDAQ:ADI) has a market capitalization of $77.59 billion and generates $7.32 billion in revenue each year. The semiconductor company earns $1.39 billion in net income (profit) each year or $3.62 on an earnings per share basis.

The company employs 24,700 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.