NASDAQ:ADIAnalog Devices Stock Price, Forecast & News

Analog Devices' stock was trading at $94.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ADI stock has increased by 27.4% and is now trading at $120.31. 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) released its quarterly earnings results on Wednesday, May, 20th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.05 by $0.03. The semiconductor company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. Analog Devices had a return on equity of 14.51% and a net margin of 20.05%. The company's quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. View Analog Devices' earnings history.

Analog Devices announced a quarterly dividend on Thursday, May 21st. Stockholders 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 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 28th. View Analog Devices' dividend history.

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

Analog Devices updated its third quarter earnings guidance on Monday, July, 13th. The company provided EPS guidance of $1.28-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.08. The company issued revenue guidance of $1.42-1.48 billion, compared to the consensus revenue estimate of $1.32 billion.

20 analysts have issued 12-month price targets for Analog Devices' shares. Their forecasts range from $90.00 to $145.00. On average, they expect Analog Devices' share price to reach $123.71 in the next year. This suggests a possible upside of 2.8% from the stock's current price. View analysts' price targets for Analog Devices.

News articles about ADI stock have trended very negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Analog Devices earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news about Analog Devices.

Analog Devices saw a increase in short interest in the month of 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 trading volume, of 2,640,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the shares of the stock are sold short. 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 a number of 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 Manning & Napier Group LLC (0.03%). 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, IFM Investors Pty Ltd, Renaissance Investment Group LLC, Exane Derivatives, Home Federal Bank of Tennessee, and Peoples Financial Services CORP.. 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 bought by a variety of institutional investors in the last quarter, including Robecosam AG, Envestnet Asset Management Inc., Riverbridge Partners LLC, Manning & Napier Group LLC, DNB Asset Management AS, Moody National Bank Trust Division, Private Trust Co. NA, and Ellis Investment Partners LLC. 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 $120.31.

Analog Devices has a market capitalization of $44.32 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]