Analog Devices (NASDAQ:ADI) Stock, Quote.Headers.trade-ideas

Analog Devices

Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. 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.

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Analog Devices (NASDAQ: ADI) announced the launch of CodeFusion Studio, a new embedded software development environment based on Microsoft&#39;s Visual Studio code on Monday.

This will be ADI&#39;s first-ever fully integrated suite comprising software and security solutions.

Can ADI&#39;s New Developer-Centric Offerings Push the Stock Higher?

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iShares PHLX SOX Semiconductor Sector Index Fund

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 Semiconductor stocks drop on selloff, Nvidia, Broadcom, AMD, Qualcomm, Texas Instruments, Arm, Micron, Analog Devices, Intel, Marvell Technology, and others trade lower. ETFs also fall.

Despite Nvidia Selloff, Biden&#39;s Law and Taiwan Semi&#39;s Advantage Offer Growth Potential

Guidance

Analog Devices (NASDAQ: ADI) recently announced its strategic alliance with Tata Group to advance the semiconductor ecosystem in India and leverage its products in Tata applications like electric vehicles and network infrastructure.

ADI Partners With India&#39;s Tata Group: How Should You Play the Stock?

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ANALOG DEVICES ORD

Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) has outperformed the market over the past 20 years by 1.01% on an annualized basis producing an average annual return of 9.56%. Currently, Analog Devices has a market capitalization of $114.57 billion. 
Buying $100 In ADI: If an investor had bought $100 of ADI stock 20 years ago, it would be worth $621.29 today based on a price of $230.76 for ADI at the time of writing.
<h3>Analog Devices's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728498625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Analog Devices Stock In The Last 20 Years

Analog Devices (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adi#NASDAQ">ADI</a>) announced the launch of CodeFusion Studio, a new embedded software development environment based on Microsoft&#39;s Visual Studio code on Monday.
This will be ADI&#39;s first-ever fully integrated suite comprising software and security solutions.
CodeFusion Studio uses a modern integrated development environment and command-line interface, incorporating open-source configuration and profiling tools to simplify development on multiple processors and drive efficiency and enhanced security.
CodeFusion Studio will be available for download on ADI&#39;s new Developer Portal, a complete resource hub, offering extensive documentation, support, partnerships and community engagement.
<div class="chart_embed">
<h3>Analog Devices, Inc. Price and Consensus</h3>
<img alt="Analog Devices, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/89/1728481222.png" style="height:278px; width:620px" title="" />
Analog Devices, Inc. price-consensus-chart | Analog Devices, Inc. Quote
</div>
<h2>ADI&#39;s Strong Partner Base Aids Prospects</h2>
Analog Devices&#39; strategic partnership with India&#39;s Tata Group to boost the latter&#39;s electronic manufacturing ecosystem marks a significant achievement. Tata Electronics, Tata Motors and Tejas Networks signed a Memorandum of Understanding with ADI to use its products in Tata applications mostly in electric vehicles and network infrastructure.
ADI&#39;s latest collaboration with Honeywell (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) to digitize commercial spaces without replacing existing wiring, reducing costs and downtime is a notable development.
Analog Devices recently teamed up with Taiwan Semiconductor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) to secure long-term wafer capacity via Japan Advanced Semiconductor Manufacturing. This partnership, while ensuring a stable chip supply and facilitating rapid scaling and increased output to meet customer needs can be beneficial for ADI.
Analog Devices and BMW Group&#39;s announcement of the early adoption of E&sup2;B, ADI&#39;s 10BASE-T1S Ethernet to the Edge bus technology within the automotive industry, is a noteworthy development. BMW will leverage ADI&#39;s E&sup2;B for ambient lighting system design in its vehicles.
<h2>Analog Devices Suffers Persistent Headwinds</h2>
Despite having a diverse portfolio and strategic alliances, macroeconomic challenges remain a concern. Geopolitical tensions and recessionary fears are major negatives.
ADI faces stiff competition from players like Texas Instruments (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txn#NASDAQ">TXN</a>), which is also making efforts to integrate generative AI capabilities into its products.
On a year-to-date basis, ADI has underperformed TXN, which gained 18.5%.
ADI shares have plunged 15.5% year to date against the broader Zacks Computer and Technology sector&#39;s return of 22.2%.
In the first half of fiscal 2024, ADI reported revenues of $4.67 billion, down 36% year-ago period. This underperformance can be firmly pointed toward the softness in the industrial, communications and automotive end markets.
<h2>Earnings Estimate Revisions Trend Higher for ADI</h2>
For fourth-quarter fiscal 2024, ADI expects revenues of $2.40 billion (+/- $100 million), up 4% sequentially at the midpoint.
The Zacks Consensus Estimate for fourth-quarter fiscal 2024 revenues is pegged at $2.40 billion, indicating a fall of 11.58% year over year.
ADI anticipates a non-GAAP operating margin of 41% (+/- 100 bps).
It expects the Industrial and Consumer end markets to increase, Communications to be flattish and Automotive to decrease.
ADI expects non-GAAP earnings to be $1.63 (+/- $0.10) per share.
The consensus mark for fourth-quarter fiscal 2024 earnings is pegged at $1.63 per share, up by a couple of pennies for the past 60 days, suggesting a decline of 18.91% year over year.
<h2>Zacks Rank and Valuation</h2>
ADI shares currently have a stretched valuation, as suggested by a Value Score of D.
Analog Devices stock is trading with a forward 12-month Price/Sales of 11X compared with the industry&#39;s 7.85X.
ADI currently carries a Zacks Rank #3 (Hold), implying that investors should wait for a favorable entry point to accumulate the stock.
<a href="https://www.zacks.com/stock/news/2348429/can-adi-s-new-developer-centric-offerings-push-the-stock-higher?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2348429">To read this article on Zacks.com click here.</a>

Can ADI's New Developer-Centric Offerings Push the Stock Higher?

Cantor Fitzgerald analyst C J Muse reiterates Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) with a Neutral and maintains $250 price target.

Price Target

Reiteration

Cantor Fitzgerald Reiterates Neutral on Analog Devices, Maintains $250 Price Target

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Shares of semiconductor stocks are trading higher. The sector may be rebounding after falling amid a broader market dip on Tuesday.

Semiconductor chip stocks led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) noted investor selloff since Friday after gaining from Micron Technology, Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) upbeat quarterly print and U.S. Fed rate cut to boost demand.
Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Qualcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Micron, Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) are trading lower Tuesday. Semiconductor ETFs VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) are down over 3%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41124391/qualcomm-partners-with-stmicroelectronics-to-boost-ai-powered-iot-connectivity" rel="noreferrer noopener">Qualcomm Partners With STMicroelectronics To Boost AI-Powered IoT Connectivity</a>
The street remains jittery over <a target="_blank" href="https://www.benzinga.com/news/24/10/41119735/nvidia-faces-new-competition-cerebras-files-for-ipo-huawei-pushes-ai-chips" rel="noreferrer noopener">artificial intelligence prospects</a> as analysts flagged Nvidia&#8217;s dependence on four customers, which are also developing in-house chips, and its delays in product releases.
Though China urges its companies to adopt domestic AI chipmakers, National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor Manufacturing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) <a href="https://www.benzinga.com/government/24/10/41114632/taiwan-semiconductors-2-nm-breakthrough-puts-taiwan-a-decade-ahead-of-chinas-semiconductor-industry" target="_blank" rel="noreferrer noopener">advanced technology semiconductor manufacturing</a> by at least a decade. Taiwan Semiconductor is a crucial supplier for Nvidia and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
The U.S. Chips Act played a crucial role in helping America develop its semiconductor base by offering <a target="_blank" href="https://www.benzinga.com/government/24/09/41007184/taiwan-semi-secures-7-5b-boost-for-arizona-expansion-aims-for-advanced-chip-production-report" rel="noreferrer noopener">subsidies to chipmakers</a> to boost artificial intelligence chip production in the country.
The semiconductor sector could see another tailwind if the Biden administration inks a bill to fastrack the specific semiconductor manufacturing projects that receive subsidies through the Chips Act by diluting the federal environmental scrutinies.
The legislation would exempt qualifying chip projects from reviews under the National Environmental Policy Act, the New York Times <a href="https://www.nytimes.com/2024/10/01/us/politics/biden-semiconductor-environmental-review.html" target="_blank" rel="noreferrer noopener">reports</a>.
Struggling chipmaker Intel recently got a boost from <a href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" target="_blank" rel="noreferrer noopener">$3 billion in direct funding</a> under the Chips Act in addition to the $8.5 billion in grants and $11 billion in loans that the company previously won under the act.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41124123/micron-set-for-profit-surge-with-high-margin-products-and-ai-driven-market-expansio" target="_blank" rel="noreferrer noopener">Micron Set for Profit Surge with High-Margin Products and AI-Driven Market Expansion, Analyst Says</a></li>
</ul>
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Despite Nvidia Selloff, Biden's Law and Taiwan Semi's Advantage Offer Growth Potential

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Shares of companies in the broader semiconductor and chip sector are trading lower amid overall market weakness after Iran launched a missile attack on Israel.

Analog Devices's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NYSE">ADI</a>) short percent of float has fallen 4.02% since its last report. The company recently reported that it has 8.28 million shares sold short, which is 1.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Analog Devices Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727799322_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Analog Devices has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Analog Devices's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Analog Devices's peer group average for short interest as a percentage of float is 4.53%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(ADI) - Analyzing Analog Devices's Short Interest

Whales with a lot of money to spend have taken a noticeably bullish stance on Analog Devices.
Looking at options history for Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $376,021 and 2, calls, for a total amount of $106,075.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $220.0 and $242.5 for Analog Devices, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Analog Devices options trades today is 367.33 with a total volume of 2,489.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Analog Devices's big money trades within a strike price range of $220.0 to $242.5 over the last 30 days.
<h3>Analog Devices Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727467424_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.7</td>
<td>$4.6</td>
<td>$4.7</td>
<td>$230.00</td>
<td>$105.7K</td>
<td>1.0K</td>
<td style="text-align: right;">329</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.9</td>
<td>$4.6</td>
<td>$4.67</td>
<td>$230.00</td>
<td>$87.9K</td>
<td>1.0K</td>
<td style="text-align: right;">520</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$14.4</td>
<td>$13.4</td>
<td>$13.4</td>
<td>$222.50</td>
<td>$79.0K</td>
<td>7</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$1.35</td>
<td>$1.25</td>
<td>$1.31</td>
<td>$225.00</td>
<td>$74.0K</td>
<td>22</td>
<td style="text-align: right;">737</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.9</td>
<td>$4.6</td>
<td>$4.7</td>
<td>$230.00</td>
<td>$39.4K</td>
<td>1.0K</td>
<td style="text-align: right;">104</td>
</tr>
</tbody>
</table>

<h3>About Analog Devices</h3>
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. 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.
Having examined the options trading patterns of Analog Devices, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Analog Devices's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,273,839, the price of ADI is down by -0.43%, reaching $231.45.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 53 days from now.</li>
</ul>
<h3>Expert Opinions on Analog Devices</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $233.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Truist Securities downgraded its action to Hold with a price target of $233. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Analog Devices, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Analog Devices Unusual Options Activity

Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) has outperformed the market over the past 10 years by 5.78% on an annualized basis producing an average annual return of 17.17%. Currently, Analog Devices has a market capitalization of $115.92 billion. 
Buying $100 In ADI: If an investor had bought $100 of ADI stock 10 years ago, it would be worth $483.32 today based on a price of $233.47 for ADI at the time of writing.
<h3>Analog Devices's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727458261_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Analog Devices 10 Years Ago Would Be Worth This Much Today

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Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

Looking into the current session, Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) shares are trading at $226.05, after a 0.56% drop. Over the past month, the stock decreased by 0.49%, but over the past year, it actually spiked by 28.14%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727273713_0.png" alt="Past Year Chart" />

<h3>Evaluating Analog Devices P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of 66.88 in the Semiconductors &amp; Semiconductor Equipment industry, Analog Devices Inc. has a higher P/E ratio of 68.48. Shareholders might be inclined to think that Analog Devices Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727273713_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Analog Devices

8 analysts have shared their evaluations of Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $254.5, along with a high estimate of $280.00 and a low estimate of $233.00. Observing a downward trend, the current average is 0.24% lower than the prior average price target of $255.12. 
<img src="https://www.benzinga.com/files/images/story/2024/1727103665_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Analog Devices among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$233.00</td>
<td>$266.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$257.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$255.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Harlan Sur</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$280.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$266.00</td>
<td>$275.00</td>
</tr>
<tr>
<td>Rick Schafer</td>
<td>Oppenheimer</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$245.00</td>
<td>$245.00</td>
</tr>
<tr>
<td>Blayne Curtis</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$250.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$250.00</td>
<td>$250.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Analog Devices. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Analog Devices compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Analog Devices's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ADI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Analog Devices analyst ratings.</a>
<h2>Get to Know Analog Devices Better</h2>
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. 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.
<h3>Key Indicators: Analog Devices's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Analog Devices faced challenges, resulting in a decline of approximately -24.84% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Analog Devices's net margin excels beyond industry benchmarks, reaching 16.96%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Analog Devices's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.11%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Analog Devices's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.8%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.23, Analog Devices adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Analog Devices Through 8 Analysts

Truist Securities analyst William Stein downgrades Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) from Buy to Hold and lowers the price target from $266 to $233.

Downgrades

Truist Securities Downgrades Analog Devices to Hold, Lowers Price Target to $233

Analog Devices (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adi#NASDAQ">ADI</a>) recently announced its strategic alliance with Tata Group to advance the semiconductor ecosystem in India and leverage its products in Tata applications like electric vehicles and network infrastructure.
This collaboration is expected to be mutually beneficial and is a significant step in establishing a robust electronics manufacturing ecosystem in India for domestic and global consumption.
Tata Electronics, Tata Motors and Tejas Networks signed a Memorandum of Understanding with ADI to enhance strategic and business cooperation and explore opportunities for semiconductor manufacturing in India.
<h2>Strategic Partnerships to Boost ADI&#39;s Prospects</h2>
ADI&#39;s recent collaboration with Honeywell (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) to digitize commercial spaces without replacing existing wiring, reducing costs and downtime is a noteworthy development.
Analog Devices announced a strategic partnership with Flagship Pioneering to speed up the development of a fully digitized biological world.&nbsp;
<div class="chart_embed">
<h3>Analog Devices, Inc. Price and Consensus</h3>
<img alt="Analog Devices, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/ed/1726758783.png" style="height:265px; width:620px" title="" />
Analog Devices, Inc. price-consensus-chart | Analog Devices, Inc. Quote
It teamed up with Taiwan Semiconductor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) to secure long-term wafer capacity via Japan Advanced Semiconductor Manufacturing. This partnership, while ensuring a stable chip supply and facilitating rapid scaling and increased output to meet customer needs can be a game changer for ADI.
ADI&#39;s partnership with SambaNova Systems to rapidly deploy their enterprise-scale generative AI platform for enabling customer success might be a plus.
</div>
<h2>Analog Devices Suffers From Stiff Competition</h2>
Despite having a strong partner base, macroeconomic challenges remain a concern. Geo-political tensions and recessionary fears are major negatives.
ADI faces stiff competition from players like Texas Instruments (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txn#NASDAQ">TXN</a>), which is also making efforts to integrate generative AI capabilities into its products.
On a year-to-date basis, ADI has underperformed TXN, which gained 17.7%.
ADI shares have plunged 12.1% year to date against the broader Zacks Computer and Technology sector&#39;s return of 19.4%.
In the first half of fiscal 2024, ADI reported revenues of $4.67 billion, down 36% from the year-ago period. This underperformance can be firmly pointed toward the softness in the industrial, communications and automotive end markets.
<h2>ADI&#39;s Q4 Guidance Positive</h2>
For fourth-quarter fiscal 2024, ADI expects revenues of $2.40 billion (+/- $100 million), up 4% sequentially at the midpoint. The Zacks Consensus Estimate for the same is pegged at $2.41 billion, indicating a fall of 11.4% year over year.
ADI anticipates a non-GAAP operating margin of 41% (+/- 100 bps).
The company expects non-GAAP earnings to be $1.63 (+/- $0.10) per share. The consensus mark for the same is pegged at $1.63 per share, suggesting a decline of 18.9% year over year.
<h2>Zacks Rank and Valuation</h2>
ADI shares currently have a stretched valuation, as suggested by a Value Score of D.
Analog Devices stock is trading with a forward 12-month Price/Sales of 10.86X compared with the industry&#39;s 7.78X.
ADI currently carries a Zacks Rank #3 (Hold), implying that investors should wait for a favorable entry point.
<a href="https://www.zacks.com/stock/news/2338731/adi-partners-with-india-s-tata-group-how-should-you-play-the-stock?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2338731">To read this article on Zacks.com click here.</a>

ADI Partners With India's Tata Group: How Should You Play the Stock?

ENTG

FORM

OLED

Shares of semiconductor and chip stocks are trading higher following Wednesday's rate cut, which has lifted growth stocks and rate-sensitive sectors such as tech.

Tata And Analog Devices Announce Strategic Alliance To Explore Semiconductor Ecosystem Development Opportunities In India

CAMT

QRVO

SMTC

Shares of semiconductor, hardware and AI-linked companies are trading lower as the sector continues to pull back. Chip stocks may also be down in sympathy with Broadcom, which fell after reporting earnings.

Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) has outperformed the market over the past 10 years by 5.42% on an annualized basis producing an average annual return of 16.07%. Currently, Analog Devices has a market capitalization of $109.39 billion. 
Buying $1000 In ADI: If an investor had bought $1000 of ADI stock 10 years ago, it would be worth $4,424.40 today based on a price of $220.34 for ADI at the time of writing.
<h3>Analog Devices's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725562822_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Analog Devices Stock In The Last 10 Years

ACLS

ALAB

AMBA

AMKR

AOSL

ASTI

CRDO

ENPH

FSLR

LAES

NVMI

ONTO

PLAB

POWI

SEDG

SKYT

SLAB

Shares of semiconductor stocks are trading lower amid overall market weakness. A drop in the price of NVIDIA may weigh down the sector.

Deep-pocketed investors have adopted a bearish approach towards Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Analog Devices. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 20% leaning bullish and 70% bearish. Among these notable options, 6 are puts, totaling $376,061, and 4 are calls, amounting to $367,640.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $230.0 to $290.0 for Analog Devices over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Analog Devices's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Analog Devices's whale trades within a strike price range from $230.0 to $290.0 in the last 30 days. 
<h3>Analog Devices Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725039267_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$3.9</td>
<td>$3.0</td>
<td>$3.3</td>
<td>$245.00</td>
<td>$198.0K</td>
<td style="text-align: right;">0</td>
<td>600</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$2.15</td>
<td>$0.8</td>
<td>$1.8</td>
<td>$235.00</td>
<td>$93.4K</td>
<td style="text-align: right;">45</td>
<td>1.0K</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$2.55</td>
<td>$1.2</td>
<td>$1.55</td>
<td>$235.00</td>
<td>$87.4K</td>
<td style="text-align: right;">45</td>
<td>1.0K</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/13/24</td>
<td>$8.2</td>
<td>$7.5</td>
<td>$7.8</td>
<td>$230.00</td>
<td>$68.6K</td>
<td style="text-align: right;">124</td>
<td>8</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$3.2</td>
<td>$2.65</td>
<td>$2.67</td>
<td>$235.00</td>
<td>$68.1K</td>
<td style="text-align: right;">45</td>
<td>2.0K</td>
</tr>
</tbody>
</table>

<h3>About Analog Devices</h3>
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. 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.
<h3>Analog Devices's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 814,859, the ADI's price is up by 1.08%, now at $233.39. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 81 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Analog Devices with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Analog Devices's Options Frenzy: What You Need to Know

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Analog Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/adi-stock-quote/">ADI</a>) just reported results for the third quarter of 2024.<ul><li>Analog Devices reported earnings per share of $1.58. This was above the analyst estimate for EPS of $1.50.</li><li>The company reported revenue of $2.31 billion.</li><li>This was 1.85% better than the analyst estimate for revenue of $2.27 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/adi-stock-earnings-analog-devices-for-q3-of-2024/">ADI Stock Earnings: Analog Devices Beats EPS, Beats Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

ADI Stock Earnings: Analog Devices Beats EPS, Beats Revenue for Q3 2024

August semiconductor sales rise nearly 21% year-over-year: SIA

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There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Analog Devices (ADI – Research Report) and Lam Resea...

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Citi increases bullish stance on chips after hot August sales

Analog Devices: Optimism Returns, But Not Time To Buy Yet

Analog Devices ( ($ADI) ) has shared an update. Anelise Sacks has decided to step down from her role as Executive Vice President and Chief Customer...

Analog Devices Executive VP Anelise Sacks Steps Down

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on MongoDB (MDB – Research Report), Analog Devices (ADI...

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CDNS

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Press Releases

Analog Devices Reports Fiscal Second Quarter 2024 Financial Results

Analog Devices to Participate in the Bernstein Strategic Decisions Conference

General

ClassOne Technology Delivers First Solstice® S4 Single-Wafer Processing System to Analog Devices

Analog Devices, Inc. to Report Third Quarter Fiscal Year 2024 Financial Results on Wednesday, August 21, 2024

Analog Devices and Flagship Pioneering Announce Strategic Partnership to Accelerate the Development of a Fully Digitized Biological World

Analog Devices Reports Fiscal Third Quarter 2024 Financial Results

Analog Devices to Participate in Citi's 2024 Global Technology Conference

Analog Devices to Participate in J.P. Morgan 15th Annual U.S. All Stars Conference

Tata and Analog Devices Announce Strategic Alliance to Explore Joint Opportunities for Semiconductor Ecosystem in India

Analog Devices Launches Embedded Software Development Environment, CodeFusion Studio™ and Developer Portal to Simplify and Speed Development for the Intelligent Edge

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MRNA

OMGA

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