NASDAQ:ADIAnalog Devices Stock Price, Forecast & News

Analog Devices' stock was trading at $94.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ADI stock has increased by 23.2% and is now trading at $116.32.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 8 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Analog Devices is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020.
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Analog Devices will be holding an earnings conference call on Wednesday, August 19th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Analog Devices, Inc. (NASDAQ:ADI) released its quarterly earnings results on Wednesday, May, 20th. The semiconductor company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.05 by $0.03. The semiconductor company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analog Devices had a net margin of 20.05% and a return on equity of 14.51%. The business's revenue was down 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS.
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Analog Devices announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, May 29th will be paid 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 2.13%. The ex-dividend date of this dividend is Thursday, May 28th.
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Analog Devices declared that its Board of Directors has approved a share buyback program on Tuesday, August 21st 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board believes its stock is undervalued.

Analog Devices updated its third quarter earnings guidance on Monday, July, 13th. The company provided earnings per share (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.

21 Wall Street analysts have issued 1-year price targets for Analog Devices' stock. Their forecasts range from $90.00 to $155.00. On average, they anticipate Analog Devices' share price to reach $125.38 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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News coverage about ADI stock has trended very positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Analog Devices earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term.
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Analog Devices saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,130,000 shares, an increase of 60.2% from the June 30th total of 4,450,000 shares. Based on an average daily volume of 2,740,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.9% of the shares of the company are sold short.
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Some companies that are related to Analog Devices include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR), Inphi (IPHI) and Silicon Laboratories (SLAB).
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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 shareholders include Cantillon Capital Management LLC (1.35%), Sumitomo Mitsui Trust Holdings Inc. (0.56%), Viking Global Investors LP (0.53%), Swiss National Bank (0.40%), First Trust Advisors LP (0.32%) and New York State Common Retirement Fund (0.28%). 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.
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ADI stock was sold by a variety of institutional investors in the last quarter, including Kornitzer Capital Management Inc. KS, Assenagon Asset Management S.A., US Bancorp DE, Raymond James & Associates, Marathon Asset Management LLP, Montag & Caldwell LLC, Novare Capital Management LLC, and Sumitomo Mitsui Trust Holdings Inc.. 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.
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ADI stock was acquired by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Rafferty Asset Management LLC, Cannell Peter B & Co. Inc., Robeco Institutional Asset Management B.V., Candriam Luxembourg S.C.A., Cantillon Capital Management LLC, ProShare Advisors LLC, and Aperture Investors LLC.
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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 $116.32.

Analog Devices has a market capitalization of $42.85 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]