ADI Stock Recent News

The "Halftime Report" traders debate the biggest analyst calls of the day.

Get a deeper insight into the potential performance of Analog Devices (ADI) for the quarter ended October 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Analog Devices is a compelling investment opportunity in the analog semiconductor sector, with my financial projections pointing to annual returns exceeding 10%. The analog semiconductor industry is underappreciated but crucial for the functioning of daily devices, and its growth outlook is solid. ADI has a reliable and low-risk revenue stream due to excellent diversification in customers, products, end markets, and geographies.

Analog Devices (ADI) closed the most recent trading day at $170.66, moving -0.96% from the previous trading session.

In the closing of the recent trading day, Analog Devices (ADI) stood at $157.33, denoting a +0.93% change from the preceding trading day.

Texas Instruments just sent a grim warning about the state of the semiconductor industry, and stocks across the sector are feeling the impact.

We remain hold-rated on Analog Devices, Inc. We're less optimistic about the analog semiconductor market in 2H23. We expect Analog Devices to continue experiencing softer demand in its industrial and automotive end markets in Q4 2023 and possibly 1H24. Management is guiding for a 12% sequential decline in revenue next quarter, trailing consensus, as customers undergo inventory correction cycles.

Analog Devices (ADI) reported earnings 30 days ago. What's next for the stock?

Analog Devices' fiscal third quarter showed the first sequential revenue decline in years, with Industrial, Auto, and Communications all down from the prior quarter. Management guided to a worse-than-expected 12% sequential decline in Q4'23 revenue and believes it will take two to three quarters to work through excess inventories. While there are risks of a steeper trough cycle, including weakness in China, ADI has numerous attractive drivers across the next decade, including strong leverage to automation, digitalization, and electrification.

Market volatility has struck again. Last week, U.S. equities continued their slide in August, leaving many market-watchers wondering whether or not equities in general had reached their peak.