Analog Devices topped first-quarter Wall Street expectations for revenue and profit on Wednesday, driven by a recovery in chip demand, particularly in the consumer segment, sending its shares up 5% in premarket trading.
Analog Devices, Inc. is a key player in the semiconductor industry, excelling in data conversion, signal processing, and power management technologies. Despite industry challenges, ADI has shown resilience with sequential revenue growth and strong performance in automotive and high-performance analog segments. ADI's valuation is high at 33.64x earnings, but future earnings growth, particularly in AI and EV battery management, could justify this.
ADI's first-quarter performance is likely to be negatively impacted by broad-based inventory digestion and sluggish demand across key markets.
Beyond analysts' top -and-bottom-line estimates for Analog Devices (ADI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2025.
Analog Devices (ADI) reachead $204.86 at the closing of the latest trading day, reflecting a -0.17% change compared to its last close.
In the latest trading session, Analog Devices (ADI) closed at $206.01, marking a +0.38% move from the previous day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Despite ongoing macroeconomic uncertainties, ADI is expected to thrive due to its proactiveness in the AI space.
The latest trading day saw Analog Devices (ADI) settling at $221.45, representing a +1.04% change from its previous close.
Analog Devices (ADI) concluded the recent trading session at $218.22, signifying a +1.66% move from its prior day's close.
In the most recent trading session, Analog Devices (ADI) closed at $212.95, indicating a +0.27% shift from the previous trading day.
In the most recent trading session, Analog Devices (ADI) closed at $215.48, indicating a +1.95% shift from the previous trading day.