Analog Devices - ADI Stock Forecast, Price & News

22 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 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ADI shares.
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22 analysts have issued 1 year target prices for Analog Devices' stock. Their ADI share price forecasts range from $160.00 to $220.00. On average, they predict the company's stock price to reach $195.14 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
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Analog Devices' stock was trading at $164.03 at the beginning of 2023. Since then, ADI stock has increased by 3.0% and is now trading at $168.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Analog Devices will be holding an earnings conference call on Wednesday, February 15th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Analog Devices, Inc. (NASDAQ:ADI) posted its quarterly earnings data on Tuesday, November, 22nd. The semiconductor company reported $2.73 earnings per share (EPS) for the quarter, beating 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%. Analog Devices's quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 EPS.
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Analog Devices declared a quarterly dividend on Tuesday, November 22nd. Shareholders of record on Monday, December 5th will be paid 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 of this dividend 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 1.78%. The company has been increasing its dividend for 20 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 30.16% 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 of Directors has initiated a stock buyback plan 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 repurchase up to 13.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's management believes its stock is undervalued.

Analog Devices issued an update on its first quarter 2023 earnings guidance on Thursday, December, 22nd. The company provided EPS guidance of $2.50-$2.70 for the period, compared to the consensus earnings per share 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 retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (0.61%), Sumitomo Mitsui Trust Holdings Inc. (0.43%), M&G Investment Management Ltd. (0.30%), New York State Common Retirement Fund (0.26%), Confluence Investment Management LLC (0.17%) and Kovitz Investment Group Partners LLC (0.11%). 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 $168.93.

Analog Devices (NASDAQ:ADI) has a market capitalization of $85.62 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.