NASDAQ:ADIAnalog Devices Stock Price, Forecast & News

Analog Devices' stock was trading at $94.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ADI stock has increased by 32.0% and is now trading at $124.60. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Analog Devices.

Analog Devices is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Analog Devices.

Analog Devices, Inc. (NASDAQ:ADI) announced its quarterly earnings results on Wednesday, May, 20th. The semiconductor company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The semiconductor company earned $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Analog Devices had a return on equity of 14.51% and a net margin of 20.05%. The company's revenue for the quarter was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. View Analog Devices' earnings history.

Analog Devices announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, May 29th will be given a dividend of $0.62 per share on Tuesday, June 9th. This represents a $2.48 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, May 28th. View Analog Devices' dividend history.

Analog Devices announced that its board has initiated a stock buyback program on Tuesday, August 21st 2018, which authorizes the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Analog Devices updated its third quarter earnings guidance on Wednesday, May, 20th. The company provided earnings per share (EPS) guidance of $0.97-1.19 for the period, compared to the Thomson Reuters consensus estimate of $1.00. The company issued revenue guidance of $1.31-1.33 billion, compared to the consensus revenue estimate of $1.31 billion.

20 brokerages have issued 1-year price targets for Analog Devices' shares. Their forecasts range from $90.00 to $145.00. On average, they anticipate Analog Devices' share price to reach $123.00 in the next twelve months. This suggests that the stock has a possible downside of 1.3%. View analysts' price targets for Analog Devices.

Media headlines about ADI stock have trended positive on Friday, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Analog Devices earned a news impact score of 3.0 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news about Analog Devices.

Analog Devices saw a increase in short interest in June. As of June 30th, there was short interest totaling 4,920,000 shares, an increase of 23.3% from the June 15th total of 3,990,000 shares. Based on an average daily volume of 2,640,000 shares, the short-interest ratio is currently 1.9 days. Currently, 1.3% of the shares of the stock are short sold. View Analog Devices' Current Options Chain.

Some companies that are related to Analog Devices include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB). View all competitors.

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

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 investors include Confluence Investment Management LLC (0.24%), Riverbridge Partners LLC (0.14%), Robecosam AG (0.12%), Envestnet Asset Management Inc. (0.08%), State of Alaska Department of Revenue (0.03%) and DNB Asset Management AS (0.01%). Company insiders that own Analog Devices stock include Bruce R Evans, Edward H Frank, Eileen Wynne, Gregory N Henderson, James Champy, Joseph Hassett, Kenton J Sicchitano, Margaret K Seif, Martin Cotter, Michael Sondel, Neil S Novich, Peter Real, Prashanth Mahendra-Rajah, Ray Stata, Steve Pietkiewicz, Vincent Roche and Yusuf Jamal. View institutional ownership trends for Analog Devices.

ADI stock was sold by a variety of institutional investors in the last quarter, including Dalton Greiner Hartman Maher & Co., Confluence Investment Management LLC, State of Alaska Department of Revenue, Renaissance Investment Group LLC, Home Federal Bank of Tennessee, Trust Co. of Toledo NA OH, Park National Corp OH, and Farmers Trust Co.. Company insiders that have sold Analog Devices company stock in the last year include Edward H Frank, Gregory N Henderson, James Champy, Joseph Hassett, Kenton J Sicchitano, Martin Cotter, Neil S Novich, Prashanth Mahendra-Rajah, Ray Stata, Steve Pietkiewicz, and Vincent Roche. View insider buying and selling activity for Analog Devices.

ADI stock was purchased by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., Riverbridge Partners LLC, DNB Asset Management AS, Private Trust Co. NA, Woodstock Corp, Norway Savings Bank, and Diversified Trust Co. View insider buying and selling activity for Analog Devices.

Shares of ADI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ADI stock can currently be purchased for approximately $124.60.

Analog Devices has a market capitalization of $45.91 billion and generates $5.99 billion in revenue each year. The semiconductor company earns $1.36 billion in net income (profit) each year or $5.15 on an earnings per share basis. Analog Devices employs 16,400 workers across the globe.

The official website for Analog Devices is www.analog.com.

Analog Devices' mailing address is ONE TECHNOLOGY WAY, NORWOOD MA, 02062. The semiconductor company can be reached via phone at 781-329-4700 or via email at [email protected]