Analog Devices - ADI Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ADI shares.
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18 brokers have issued twelve-month price objectives for Analog Devices' stock. Their ADI share price forecasts range from $167.00 to $220.00. On average, they anticipate the company's share price to reach $196.61 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price.
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Analog Devices' stock was trading at $175.77 at the beginning of 2022. Since then, ADI shares have decreased by 14.3% and is now trading at $150.70.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 22nd 2022.
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Analog Devices, Inc. (NASDAQ:ADI) issued its quarterly earnings results on Wednesday, August, 17th. The semiconductor company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The semiconductor company earned $3.11 billion during the quarter, compared to analyst estimates of $3.06 billion. Analog Devices had a net margin of 17.00% and a trailing twelve-month return on equity of 11.92%. The business's quarterly revenue was up 76.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 earnings per share.
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Analog Devices declared a quarterly dividend on Wednesday, August 17th. Stockholders of record on Tuesday, August 30th will be given a dividend of $0.76 per share on Thursday, September 8th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Monday, August 29th.
Read our dividend analysis for ADI.

Analog Devices (NASDAQ:ADI) pays an annual dividend of $3.04 per share and currently has a dividend yield of 2.05%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 83.98%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADI will have a dividend payout ratio of 31.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADI.

Analog Devices announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 25th 2021, which allows the company to repurchase $8,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 13.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

Analog Devices updated its fourth quarter 2022 earnings guidance on Wednesday, September, 7th. The company provided earnings per share guidance of $2.47-$2.67 for the period, compared to the consensus earnings per share estimate of $2.50. The company issued revenue guidance of $3.05 billion-$3.25 billion, compared to the consensus revenue estimate of $3.11 billion.

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.

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

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 State Street Corp (3.88%), Massachusetts Financial Services Co. MA (2.06%), Franklin Resources Inc. (1.82%), Wells Fargo & Company MN (1.58%), Lazard Asset Management LLC (1.55%) and FMR LLC (1.47%). Insiders that own company stock include Bruce R Evans, Edward H Frank, Gregory N Henderson, James Champy, Joseph Hassett, Kenton J Sicchitano, Martin Cotter, Michael Sondel, Neil S Novich, Prashanth Mahendra-Rajah, Ray Stata, Steve Pietkiewicz, Tunc Doluca, Vincent Roche and Vivek Jain.
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Shares of ADI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADI stock can currently be purchased for approximately $150.70.

Analog Devices (NASDAQ:ADI) has a market capitalization of $77.51 billion and generates $7.32 billion in revenue each year. The semiconductor company earns $1.39 billion in net income (profit) each year or $3.62 on an earnings per share basis.

The company employs 24,700 workers across the globe.

Analog Devices was founded in 1965.

Analog Devices' mailing address is ONE TECHNOLOGY WAY, NORWOOD MA, 02062. The official website for the company is www.analog.com. The semiconductor company can be reached via phone at (781) 935-5565, via email at investor.relations@analog.com, or via fax at 781-461-3113.