|Bid||121.93 x 900|
|Ask||121.96 x 800|
|Day's Range||119.87 - 122.85|
|52 Week Range||79.08 - 127.30|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||33.47|
|Earnings Date||Aug 19, 2020 - Aug 24, 2020|
|Forward Dividend & Yield||2.48 (2.04%)|
|Ex-Dividend Date||May 28, 2020|
|1y Target Est||125.32|
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is Analog Devices, which had its Relative Strength (RS) Rating upgraded from 77 to 81 Wednesday. As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
Shares of chip suppliers to the automotive sector rallied Wednesday after Microchip Technology said it is seeing better-than-expected June quarter results.
The ongoing advance in digital wireless technology, 5G, is bringing a sea-change to the way we connect in the virtual sphere. By now, we all know the advantages that 5G will bring: faster connection times, lower latency, and improved connectivity – especially in networked systems and Internet of Things. First introduced at the end of 2017, 5G is going to dominate the digital landscape. The current crises – health and economic – have only slowed it down slightly.The major US providers – Verizon, AT&T, and Sprint/T-Mobile – have all introduced 5G coverage, at least in the largest urban markets. It’s only a matter of time before the new systems are available uninterrupted coast-to-coast. The tech is expanding in Europe and Asia, too. China already has the world’s largest 5G networks, and Europe is working on cross-border networks.From an investor’s perspective, 5G is going to send successful providers and supply chain companies soaring. Investors have a rare opportunity here – there is a new technology in the offing, it has been around just long enough that we know it works, and it’s public knowledge where to find the companies involved. We’ve pulled up the TipRanks data on three tech firms that are tied to 5G; here are the details.Analog Devices, Inc. (ADI)We’ll start with a chip maker. Silicon semiconductors are the heart and soul of modern electronics, and leaps in chip technology usually stand behind advanced in computing and networking. Analog is well known for its data conversion and signal processing chips.That know-how in processing chips is Analog’s entry into 5G. The company announced earlier this year that it is entering a partnership with Marvell, combing ADI’s wideband RF transceivers with Marvell’s 5G digital platform. The collaboration aims at optimizing solutions for 5G base stations, a key part of the new network’s hardware.Also in the news from ADI, related to 5G, is the company’s announcement in May that it is introducing a new millimeter wave solution. Access to the millimeter wave band is what makes 5G special; it allows the networks to improve performance. Analog’s advance in beamformer IC and up/down frequency conversion is step forward in using the radio frequencies.ADI showed a sequential earnings increase in Q2. While earnings are still down from Q4 2019, the $1.08 reported was up 4.8% from Q1 and beat the forecast by 2.8%.5-star analyst Rick Schafer, writing form Oppenheimer, likes what he sees in ADI. He says, “Comms grew 15% Q/Q led by 5G RAN. Unsurprisingly, Auto was weak reflecting COVID-inspired OEM shutdowns… We applaud mgmt.’s proactive cost control efforts and continue to like ADI’s 5G-led structural growth story.”Schafer’s $140 price target on ADI shares implies an upside potential of 24% for the coming year, and supports his Buy rating. (To watch Schafer’s track record, click here)Overall, Analog has a Moderate Buy rating form the analyst consensus, reflecting some remaining caution from the grim Q1. Shares are selling for selling for $112.97, and the average price target of $122.83 suggests room for an 9% upside this year. (See Analog stock analysis on TipRanks)Micron Technology (MU)Next up is Micron, a major name in the chip industry. Micron boasts a $53 billion market cap – and a leading position in the memory chip segment. Micron’s products are widely used in the gaming and data center markets, and its new DRAM chips will have a solid niche in 5G.In fact, just last month Micron revealed that its DRAM memory chips and its NAND long-term storage chips are already featuring in top-end Chinese-made 5G smartphones and will soon have a world-wide presence. The improved performance of the memory chips will make a strong compliment to the higher performance of the digital networks, giving users an all-around better experience.MU shares have rebounded from their heavy coronavirus hit in Q1 – the economic closures disrupted both supply chains and distribution networks – but are still trading at a discount relative to peers. This gives investors a chance to buy a top-notch stock before it pops."Micron is confident 5G will lead to a return to smartphone unit growth in 2021 and over the next few years," says 5-star JPMorgan analyst Harlan Sur following an investor meeting with management. "Micron is well-positioned to drive dollar content higher in the 5G era in both DRAM and NAND," the analyst added.Looking at the bigger picture, the analyst noted, "We continue to expect relatively strong data center demand to continue into the back half of the year as drivers of strong demand from work-from-home, e-commerce, gaming, etc., that are likely to persist."Sur rates Micron stock a Buy and backs that with a $65 price target, implying room for an impressive 39% upside this year. (To watch Sur’s track record, click here)MU’s Moderate Buy analyst consensus rating is based on a mix of reviews, 26 in all, including 19 Buys along with 6 Holds and 1 Sell. The stock is priced at $47.91, and the average price target, $63.78, indicates a 37% upside potential. (See Micron stock analysis on TipRanks)Keysight Technologies (KEYS)Last on today’s list is Keysight, a player in the lab equipment segment. Lab equipment? Yes, because every chip that goes out in a 5G product – especially the newly designed models – must be rigorously tested. Keysight produces the in-circuit testers, multimeters, oscilloscopes, and signal generators necessary for lab certification of silicon semiconductor chips.Keysight was the first test equipment provider to enter the 5G market, and holds a leading position. The company works closely with 5G manufacturers and providers, and offers a variety of 5G wireless test platforms. As the new networks ramp up, Keysight will only see a growing demand for these services.And this is what makes Keysight special, for an investor. The strength of its niche can be seen in the share performance: KEYS is the only stock on this list which has outperformed the markets during the current bear cycle. KEYS is up $10 since the February market slide.Credit Suisse’s 5-star analyst John Pitzer paints a powerful case for KEYS in his ‘blue sky scenario:’ “Note that during both 3G and 4G transitions there were periods when the Company grew more than 10% y/y - as 5 G starts to become bigger investors will start to believe in growth. Assuming increased defense spending, 5G adoption and further broad-based demand across its segment we see the multiples expanding…”Pitzer’s $125 price target implies a healthy 17% upside, and justifies his Buy rating. (To watch Pitzer’s track record, click here)The stock’s recent gains have pushed it right up against the $110.57 average price target, so the upside is only 2.2%, but as Pitzer shows above, there may be more room than that available for share appreciation here. KEYS has a Moderate Buy from the analyst consensus, based on 6 Buys and 3 Holds set in recent weeks. (See Keysight stock analysis at TipRanks)To find good ideas for 5G stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s Senior Vice President, Finance and Chief Financial Officer, Prashanth Mahendra-Rajah, will speak at the Bank of America Securities 2020 Global Technology Conference to be held virtually on Tuesday, June 2, 2020, at 1:00 p.m. Eastern time.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
The chipmaker pays a nice dividend, but a closer look at its financial performance tells us that there are better options out there.
Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s President and Chief Executive Officer, Vincent Roche, will speak at Bernstein’s 36th Annual Strategic Decisions Conference to be held virtually on Wednesday, May 27, 2020, at 11:00 a.m. Eastern time.
One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Analog Devices cleared that benchmark Thursday, with a jump from 71 to 81 Thursday. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
Several chip stocks broke out Wednesday, but equipment giant ASML stood out. Apple and Google are just a fraction from buy points.
Chipmaker Analog Devices beat Wall Street's target for earnings in its fiscal second quarter and guided higher for the current quarter. The news pushed ADI stock higher on Wednesday.
The U.S. Treasury is gearing up to auction a $3 trillion in debt to finance the growing federal budget deficit. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance’s Seana Smith to discuss.
The company reported results that were roughly in line with forecasts it had withdrawn on concern over the impact of the Covid-19 pandemic.
Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) outperformed their peers in the broader market, with the index rising more than 2% shortly before noon EDT. The Nasdaq 100 Index also climbed slightly more than 2%. Facebook (NASDAQ: FB) made a big contribution to the Nasdaq's gains Wednesday, as the social media giant's stock reached new all-time highs.
Analog Devices is trading higher Wednesday on the heels of an earnings beat and in-line revenue figures for Q2. Let's check out the charts of this technology company. In this daily bar chart of ADI, below, we can see that prices are making a new high for the recent move up from the mid-March nadir.
Analog Devices (ADI) delivered earnings and revenue surprises of 2.86% and -0.62%, respectively, for the quarter ended April 2020. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / May 20, 2020 / Analog Devices, Inc. (NASDAQ:ADI) will be discussing their earnings results in their 2020 Second Quarter Earnings call to be held on May 20, 2020 at 10:00 AM ...
Shares of Analog Devices (NASDAQ:ADI) rose 4.6% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share fell 20.59% year over year to $1.08, which beat the estimate of $1.04.Revenue of $1,317,000,000 declined by 13.75% year over year, which missed the estimate of $1,330,000,000.Guidance Analog Devices hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 20, 2020View more earnings on ADITime: 10:00 AMET Webcast URL: https://edge.media-server.com/mmc/p/bqshouj8Price Action 52-week high: $127.3052-week low: $79.08Price action over last quarter: down 14.09%Company Overview Analog Devices Inc 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.See more from Benzinga * CSW Industrials: Q4 Earnings Insights * 5 Real Estate Stocks Moving In Wednesday's Pre-Market Session * 13 Consumer Cyclical Stocks Moving In Wednesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Analog Devices, Inc. (Nasdaq: ADI), a leading global high-performance analog technology company, today announced financial results for its second quarter of fiscal 2020, which ended May 2, 2020.
Analog Devices shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
The online retailer and cloud giant is pouring millions into a developing a way to test its front-line workers. That has one analyst dreaming of Amazon as a force in testing.