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NASDAQ:ADI

Analog Devices (ADI) Stock Price, News & Analysis

$222.64
-2.71 (-1.20%)
(As of 09/18/2024 ET)

About Analog Devices Stock (NASDAQ:ADI)

Key Stats

Today's Range
$221.96
$228.87
50-Day Range
$200.56
$243.33
52-Week Range
$154.99
$244.14
Volume
2.53 million shs
Average Volume
3.33 million shs
Market Capitalization
$110.48 billion
P/E Ratio
52.02
Dividend Yield
1.65%
Price Target
$251.45
Consensus Rating
Moderate Buy

Company Overview

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs. It also offers amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company provides digital signal processing and system products for numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, defense and healthcare, and communications markets through a direct sales force, third-party distributors, and independent sales representatives, as well as online. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.

Analog Devices Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 99th Percentile

Analog Devices scored higher than 99% of companies evaluated by MarketBeat, and ranked 9th out of 671 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Analog Devices has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 17 buy ratings, 5 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Analog Devices has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Analog Devices' stock forecast and price target.
  • Earnings Growth

    Earnings for Analog Devices are expected to grow by 18.48% in the coming year, from $6.33 to $7.50 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Analog Devices is 52.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.78.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Analog Devices is 52.02, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 265.58.

  • Price to Earnings Growth Ratio

    Analog Devices has a PEG Ratio of 3.74. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Analog Devices has a P/B Ratio of 3.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Analog Devices' valuation and earnings.
  • Percentage of Shares Shorted

    1.74% of the outstanding shares of Analog Devices have been sold short.
  • Short Interest Ratio / Days to Cover

    Analog Devices has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Analog Devices has recently increased by 1.89%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Analog Devices pays a meaningful dividend of 1.66%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Analog Devices has been increasing its dividend for 22 years.

  • Dividend Coverage

    The dividend payout ratio of Analog Devices is 85.98%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Analog Devices will have a dividend payout ratio of 49.07% next year. This indicates that Analog Devices will be able to sustain or increase its dividend.

  • Read more about Analog Devices' dividend.
  • Percentage of Shares Shorted

    1.74% of the outstanding shares of Analog Devices have been sold short.
  • Short Interest Ratio / Days to Cover

    Analog Devices has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Analog Devices has recently increased by 1.89%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Analog Devices has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 24 news articles for Analog Devices this week, compared to 13 articles on an average week.
  • Search Interest

    39 people have searched for ADI on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added Analog Devices to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Analog Devices insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,181,458.00 in company stock.

  • Percentage Held by Insiders

    Only 0.31% of the stock of Analog Devices is held by insiders.

  • Percentage Held by Institutions

    86.81% of the stock of Analog Devices is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Analog Devices' insider trading history.

ADI Stock News Headlines

Massive shakeup in defense contracting
There is a little-known energy technology stock that has made an incredible breakthrough… Which could become crucial to the operations of the US Military. And right now there are plans for this stock to undertake a major test project at a US Air Force based in Alaska. Now, this incredible breakthrough is still in its earliest stages… Which means you still have a chance to get in while its trading for under $10.
Electronic board components, Motherboard digital chip. Tech science background. Integrated communication processor.
Analog Devices Sends Signal to Market: Growth Will Return
Analog Devices rebound is slow to gain traction but is underway. Analysts consensus rates the stock as a Moderate Buy and see it advancing to an all-time high.
See More Headlines

ADI Stock Analysis - Frequently Asked Questions

Analog Devices' stock was trading at $198.56 at the beginning of the year. Since then, ADI shares have increased by 12.1% and is now trading at $222.64.
View the best growth stocks for 2024 here
.

Analog Devices, Inc. (NASDAQ:ADI) issued its quarterly earnings data on Wednesday, August, 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. The firm's revenue was down 24.8% compared to the same quarter last year.
Read the conference call transcript
.

Analog Devices subsidiaries include Maxim Integrated, INVECAS - High Definition Multimedia Interface, Test Motors, OtoSense, Symeo, OneTree Microdevices, Linear Technology, and more.

Analog Devices' top institutional shareholders include Massachusetts Financial Services Co. MA (2.62%), Ameriprise Financial Inc. (1.31%), American Century Companies Inc. (0.88%) and Legal & General Group Plc (0.85%). Insiders that own company stock include Bruce R Evans, Gregory M Bryant, Tunc Doluca, Vincent Roche, Kenton J Sicchitano, Prashanth Mahendra-Rajah, Michael Sondel, James Champy, Vivek Jain and Edward H Frank.
View institutional ownership trends
.

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

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

Company Calendar

Last Earnings
8/21/2024
Ex-Dividend for 9/17 Dividend
9/03/2024
Dividend Payable
9/17/2024
Today
9/18/2024
Fiscal Year End
10/31/2024
Next Earnings (Estimated)
11/19/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ADI
CUSIP
03265410
CIK
6281
Employees
26,000
Year Founded
1965

Price Target and Rating

Average Stock Price Target
$251.45
High Stock Price Target
$285.00
Low Stock Price Target
$175.00
Potential Upside/Downside
+12.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
22 Analysts

Profitability

Net Income
$3.31 billion
Pretax Margin
18.89%

Debt

Sales & Book Value

Annual Sales
$9.70 billion
Cash Flow
$14.73 per share
Book Value
$70.88 per share

Miscellaneous

Free Float
494,679,000
Market Cap
$110.48 billion
Optionable
Optionable
Beta
1.07

Social Links

Should I Buy Analog Devices Stock? ADI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, August 22, 2024. Please send any questions or comments about these Analog Devices pros and cons to contact@marketbeat.com.

Analog Devices
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Analog Devices, Inc.:

  • Analog Devices, Inc. has a strong market position in the semiconductor industry, offering a diverse range of integrated circuits and software products.
  • The company's stock price has shown consistent growth, reaching $227.50 on the latest trading day, indicating positive investor sentiment.
  • Analysts have given Analog Devices, Inc. a "Moderate Buy" rating with an average price target of $245.50, suggesting potential for further stock price appreciation.
  • Analog Devices, Inc. has a solid dividend payout ratio of 85.98%, providing investors with a steady income stream.
  • The company's focus on innovation and product development keeps it competitive in the rapidly evolving tech industry, potentially leading to future growth.

Analog Devices
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Analog Devices, Inc. for these reasons:

  • Analog Devices, Inc. experienced a 33.8% decline in quarterly revenue compared to the same period last year, indicating potential challenges in revenue generation.
  • The company's earnings per share (EPS) for the current fiscal year are expected to be 6.24, down from $2.83 in the same quarter last year, signaling a decrease in profitability.
  • Insiders have been selling significant amounts of company stock, with transactions totaling $10,791,543 in the last 90 days, potentially signaling lack of confidence in future performance.
  • The company's debt-to-equity ratio of 0.19 may raise concerns about its financial leverage and ability to manage debt obligations.
  • While the stock has a PE ratio of 53.15, indicating potential overvaluation, the price-to-earnings-growth ratio of 3.69 suggests that the stock may not be undervalued.

This page (NASDAQ:ADI) was last updated on 9/19/2024 by MarketBeat.com Staff
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