The Analyst Verdict: Analog Devices In The Eyes Of 21 Experts

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Analysts' ratings for Analog Devices ADI over the last quarter vary from bullish to bearish, as provided by 21 analysts.

The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 9 6 6 0 0
Last 30D 0 0 1 0 0
1M Ago 0 0 1 0 0
2M Ago 8 5 3 0 0
3M Ago 1 1 1 0 0

Analysts have set 12-month price targets for Analog Devices, revealing an average target of $252.81, a high estimate of $285.00, and a low estimate of $210.00. Witnessing a positive shift, the current average has risen by 16.5% from the previous average price target of $217.00.

price target chart

Decoding Analyst Ratings: A Detailed Look

The analysis of recent analyst actions sheds light on the perception of Analog Devices by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Blayne Curtis Barclays Raises Equal-Weight $250.00 $235.00
C J Muse Cantor Fitzgerald Maintains Neutral $250.00 $250.00
Toshiya Hari Goldman Sachs Raises Buy $252.00 $205.00
Tristan Gerra Baird Raises Outperform $250.00 $200.00
Christopher Danely Citigroup Raises Buy $250.00 $220.00
Joshua Buchalter TD Cowen Raises Buy $270.00 $210.00
Joseph Moore Morgan Stanley Raises Overweight $260.00 $221.00
Toshiya Hari Goldman Sachs Raises Buy $252.00 $205.00
Timothy Arcuri UBS Raises Buy $275.00 $225.00
William Stein Truist Securities Raises Buy $275.00 $222.00
Blayne Curtis Barclays Raises Equal-Weight $235.00 $210.00
Stacy Rasgon Bernstein Raises Market Perform $220.00 $200.00
Christopher Rolland Susquehanna Raises Positive $280.00 $230.00
Harlan Sur JP Morgan Raises Overweight $260.00 $220.00
Vivek Arya B of A Securities Raises Buy $260.00 $225.00
John Vinh Keybanc Raises Overweight $285.00 $230.00
Blayne Curtis Barclays Raises Equal-Weight $210.00 $185.00
Tore Svanberg Stifel Raises Buy $240.00 $220.00
Rick Schafer Oppenheimer Raises Outperform $245.00 $215.00
C J Muse Cantor Fitzgerald Raises Neutral $240.00 $205.00
Blayne Curtis Jefferies Raises Buy $250.00 $224.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Analog Devices. This offers insight into analysts' perspectives on the current state of the company.
  • 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.
  • Price Targets: Understanding forecasts, analysts offer estimates for Analog Devices's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Analog Devices's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Analog Devices analyst ratings.

Discovering Analog Devices: A Closer Look

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.

Analog Devices: A Financial Overview

Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.

Decline in Revenue: Over the 3 months period, Analog Devices faced challenges, resulting in a decline of approximately -33.83% in revenue growth as of 30 April, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 14.0%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Analog Devices's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 0.85%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.62%, the company may need to address challenges in generating satisfactory 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.

Analyst Ratings: Simplified

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.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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