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 (WHO). Since then, ADI shares have increased by 28.4% and is now trading at $121.24. 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 earnings results on Wednesday, May, 20th. The semiconductor company reported $1.08 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.03. The semiconductor company earned $1.32 billion during 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%. Analog Devices's quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 EPS. View Analog Devices' earnings history.

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 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, May 28th. View Analog Devices' dividend history.

Analog Devices declared that its board has authorized a stock repurchase plan on Tuesday, August 21st 2018, which allows the company to buyback $2,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

Analog Devices issued an update on its third quarter earnings guidance on Wednesday, May, 20th. The company provided earnings per share guidance of $0.97-1.19 for the period, compared to the Thomson Reuters consensus EPS 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 Wall Street analysts have issued twelve-month price targets for Analog Devices' shares. Their forecasts range from $90.00 to $140.00. On average, they expect Analog Devices' share price to reach $122.52 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View analysts' price targets for Analog Devices.

Press coverage about ADI stock has trended somewhat positive recently, InfoTrie reports. The research firm rates the sentiment of news 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 negative five to positive five, with scores closest to five being the most favorable. Analog Devices earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave media stories about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news about Analog Devices.

Analog Devices saw a decrease in short interest during the month of June. As of June 15th, there was short interest totaling 3,990,000 shares, a decrease of 11.3% from the May 31st total of 4,500,000 shares. Based on an average daily volume of 3,150,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.1% of the shares of the stock are short sold. View Analog Devices' Current Options Chain.

Some companies that are related to Analog Devices include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Microchip Technology (MCHP), Marvell Technology Group (MRVL), 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 shareholders include Confluence Investment Management LLC (0.24%) and Park National Corp OH (0.00%). 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 Confluence Investment Management LLC, and Park National Corp OH. 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.

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 $121.24.

Analog Devices has a market capitalization of $44.67 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]