Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of ADI’s
competitive advantage. Analog Devices Inc. stock ADI, -0.32% was down nearly 8% in premarket trades Wednesday after the chip maker’s adjusted third-quarter profit missed Wall Street estimates. Yahoo Finance Live’s Brad Smith and Julie Hyman break down this morning’s market trends. The S&P 500 moves higher as investors patiently await Nvidia’s (NVDA) earnings expected out after the closing b… Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
As of August 31st, there was short interest totaling 6,070,000 shares, an increase of 17.2% from the August 15th total of 5,180,000 shares. Based on an average daily volume of 3,390,000 shares, the short-interest ratio is presently 1.8 days. The technique has proven to be very useful for finding positive surprises.
In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. ADI’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. MarketBeat has just released its list of 20 stocks that Wall Street analysts hate.
And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. Day One of the Citi Global Technology Conference had most semiconductor companies reiterating what they said during quarterly conference calls.
Analog Devices Inc. stock underperforms Thursday when compared to competitors
Other semiconductor companies with big industrial and automotive exposure were also falling. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. According to 21 analysts, the average rating for ADI stock is ”Buy.” The 12-month stock price forecast is $199.8, which is an increase of 11.85% from the latest price. Analog Devices updated its fourth quarter 2023 earnings guidance on Wednesday, August, 23rd.
- Weakness in Analog Devices’ consumer business contributed to missed quarterly results and light guidance.
- There are currently 7 hold ratings and 16 buy ratings for the stock.
- Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
- Information is provided ’as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.
- It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average https://1investing.in/ Zacks Rank. Plus, ADI info will be updated daily in your Zacks.com Portfolio Tracker – also free.
Analog Devices (ADI) Stock Forecast, Price & News
The company provided earnings per share (EPS) guidance of $1.90-$2.10 for the period, compared to the consensus earnings per share estimate of $2.39. The company issued revenue guidance of $2.60 billion-$2.80 billion, compared to the consensus revenue estimate of $3.00 billion. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Ltd Zurich (106.13%), BlackRock Inc. (8.13%), State Street Corp (4.13%), Geode Capital Management LLC (1.91%), Franklin Resources Inc. (1.80%) and Northern Trust Corp (1.17%). Insiders that own company stock include Bruce R Evans, Edward H Frank, Gregory N Henderson, James Champy, Kenton J Sicchitano, Martin Cotter, Michael Sondel, Prashanth Mahendra-Rajah, Steve Pietkiewicz, merchant meaning in banking Tunc Doluca, Vincent Roche and Vivek Jain. Analog Devices declared a quarterly dividend on Wednesday, August 23rd. Investors of record on Tuesday, September 5th will be paid a dividend of $0.86 per share on Thursday, September 14th. This represents a $3.44 annualized dividend and a yield of 1.93%. Analog Devices saw a increase in short interest in the month of August.
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. In addition, the company provides digital signal processing and system products for high-speed numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, and communications markets through a direct sales force, third-party distributors, and independent sales representatives in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia, as well as through its Website. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts. In addition, the company offers digital signal processing and system products for high-speed numeric calculations. Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker.
Analog Devices Inc.
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- Investors of record on Tuesday, September 5th will be paid a dividend of $0.86 per share on Thursday, September 14th.
- Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of ADI’s
- The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets.
- At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of ADI stock can currently be purchased for approximately $178.40. 344 employees have rated Analog Devices Chief Executive Officer Vincent Roche on Glassdoor.com. Vincent Roche has an approval rating of 88% among the company’s employees. Sign-up to receive the latest news and ratings for Analog Devices and its competitors with MarketBeat’s FREE daily newsletter.
Unveiling the Dividend Dynamics of Analog Devices Inc (ADI)
These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 23 Wall Street analysts have issued ”buy,” ”hold,” and ”sell” ratings for Analog Devices in the last twelve months. There are currently 7 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should ”moderate buy” ADI shares. Analog Devices shares dropped on Wednesday after its quarterly guidance missed analysts’ expectations.
The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams.
Related News ADI
The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices’ chips are also incorporated into wireless infrastructure equipment. Analog Devices, Inc. is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs).
MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. DALLAS & FORT WORTH, Texas–(BUSINESS WIRE)–Mouser Electronics Inc., the authorized global distributor with the newest semiconductors and electronic components, and Analog Devices, Inc. (ADI), a glob… In 2022, Analog Devices’s revenue was $12.01 billion, an increase of 64.16% compared to the previous year’s $7.32 billion. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023. Weakness in Analog Devices’ consumer business contributed to missed quarterly results and light guidance. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (’V’ for Value, ’G’ for Growth and ’M’ for Momentum), which combines the weighted average of the individual style scores into one score. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Wilmington, MA. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.