ADI - Analog Devices, Inc.
| Previous Close | 110.29 |
| Open | 113.06 |
| Bid | 0.00 x 1400 |
| Ask | 0.00 x 1800 |
| Day's Range | 107.78 - 111.70 |
| 52 Week Range | 76.62 - 124.79 |
| Volume | 3,236,529 |
| Avg. Volume | 2,469,321 |
| Market Cap | 40.152B |
| Beta (3Y Monthly) | 1.52 |
| PE Ratio (TTM) | 26.75 |
| EPS (TTM) | 4.06 |
| Earnings Date | Nov 18, 2019 - Nov 22, 2019 |
| Forward Dividend & Yield | 2.16 (1.96%) |
| Ex-Dividend Date | 2019-05-30 |
| 1y Target Est | 115.68 |
- Investor's Business Daily
Chipmaker Analog Devices Beats Fiscal Q3 Targets, But Outlook Misses
Chipmaker Analog Devices on Wednesday beat Wall Street's targets for its fiscal third quarter, but disappointed with its guidance. The Analog Devices earnings news pushed ADI stock lower.
- Thomson Reuters StreetEvents
Edited Transcript of ADI earnings conference call or presentation 22-May-19 2:00pm GMT
Q2 2019 Analog Devices Inc Earnings Call
Motley FoolAnalog Devices Inc (ADI) Q3 2019 Earnings Call Transcript
ADI earnings call for the period ending August 3, 2019.
- Zacks
Analog Devices (ADI) Q3 Earnings & Revenues Top Estimates
Analog Devices' (ADI) strong momentum in communications market benefits fiscal third-quarter results. However, weak performance in industrial, consumer and automotive markets remains a headwind.
- Zacks
Analog Devices (ADI) Q3 Earnings and Revenues Beat Estimates
Analog Devices (ADI) delivered earnings and revenue surprises of 3.28% and 1.95%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
- Benzinga
Analog Devices Reports Q3 Earnings Beat
Analog Devices (NASDAQ: ADI ) reported third-quarter earnings of $1.26 per share, which beat the analyst consensus estimate of $1.22 by 3.28%. This is a 17.65% decrease over earnings of $1.53 per share ...
- MarketWatch
Analog Devices' stock slumps after earnings beat expectations but outlook was mixed
Shares of Analog Devices Inc. slumped 2.1% in premarket trading Wednesday after the chip maker reported a fiscal third-quarter profit and revenue that beat expectations, but provided a mixed fourth-quarter outlook. Net income for the quarter to Aug. 3 fell to $362.4 million, or 97 cents a share, from $408.6 million, or $1.08 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share declined to $1.26 from $1.51, but was above the FactSet consensus of $1.22. Revenue fell 5% to $1.48 billion, but topped the FactSet consensus of $1.45 billion, as industrial, consumer and communications segment revenue beat expectations while automotive revenue missed. For the fourth quarter, the company expects adjusted EPS of $1.22 plus-or-minus 7 cents ($1.15-$1.29), compared with the FactSet consensus of $1.29, and revenue of $1.45 billion +/- $50 million ($1.40 billion-$1.50 billion), while expectations are for $1.49 billion. Chief Executive Vincent Roche said "these uncertain times do not seem to be abating in the near term," but stressed that the company has navigated macroeconomic challenges before. The stock has run up 28.5% year to date through Tuesday, while the PHLX Semiconductor Index has run up 29.8% and the S&P 500 has gained 15.7%.
- ACCESSWIRE
Analog Devices, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / August 21, 2019, 2018 / Analog Devices, Inc. (NASDAQ: ADI ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on August 21, 2019 at 10:00 ...
- Business Wire
Analog Devices Reports Third Quarter Fiscal 2019 Results with Revenue and EPS above the Midpoint of Guidance
NORWOOD, Mass.-- -- Revenue of $1.48 billion with B2B markets down 3% year-over-year Operating Cash Flow of $2.3 billion and Free Cash Flow of $2.0 billion on a trailing twelve months basis Returned over $300 million to shareholders in the third quarter through dividends and share repurchases Analog Devices, Inc. , a leading global high-performance analog technology company, today announced financial ...
- TheStreet.com
[video]Analog Devices Third-Quarter Net Down, Adjusted Profit Beats Estimate
The chipmaker's GAAP earnings - off 11% - and the adjusted number both beat forecasts as chip demand related to 5G and electric vehicles strengthened. The macro environment remains `challenging.'
- Investing.com
Analog Devices Earnings, Revenue Beat in Q3
Investing.com - Analog Devices reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
- TheStreet.com
[video]Analog Devices Expected to Earn $1.22 a Share
Analog Devices, Inc. is expected to report net income of $457.7 million, or $1.22 a share, on sales of $1.5 billion before the market opens on Wednesday, based on a FactSet survey of 21 analysts. It reported net income of $398.8 million. The company offered guidance of $1.15 to 1.29 a share at the time of its last earnings report on May. 22.
- Zacks
Analog Devices (ADI) to Report Q3 Earnings: What's in Store?
Analog Devices' (ADI) strength in end-markets served should likely aid the upcoming results. However, softness in the consumer market and geopolitical uncertainty may impact its fiscal Q3 earnings.
- Barrons.com
Home Depot, L Brands, Analog Devices and More Stocks for Investors to Watch
In a big week for retail earnings, we’ll also see reports from Target, TJX, and Salesforce.com. Fed Chairman Jerome Powell will speak at the central bank’s annual meeting.
- Zacks
Factors Setting the Tone for Cree (CREE) in Q4 Earnings
Cree's (CREE) fourth-quarter fiscal 2019 results are likely to benefit from ongoing momentum in Wolfspeed business amid Huawei blacklisting and other macroeconomic headwinds.
- Simply Wall St.
Here's Why I Think Analog Devices (NASDAQ:ADI) Is An Interesting Stock
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- Zacks
Analysts Estimate Analog Devices (ADI) to Report a Decline in Earnings: What to Look Out for
Analog Devices (ADI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Bloomberg
33-Year-Old Founder Raises $51 Million to Add AI to Call Centers
(Bloomberg) -- An Indian startup that aims to use artificial intelligence to deliver faster and more personalized customer support for corporate clients is raising $51 million in funding from investors including March Capital Partners and Chiratae Ventures.Uniphore Software Systems Pvt, based in Chennai and Palo Alto, Calif., plans to use the emerging technology to change the labor-intensive business of call centers, displacing workers with machines. Former Cisco Systems Inc. Chief Executive Officer John Chambers’ JC2 Ventures owns about 10% of the startup. Existing backers also include Analog Devices Inc. founder Ray Stata and Infosys Ltd. billionaire co-founder Kris Gopalakrishnan.Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi. They are competing with technology giants like Google, Microsoft Corp. and International Business Machines Corp. as well as at least a dozen AI startups to automate the $350 billion call center industry, helping agents deliver more useful support while decreasing the number of infuriating and ineffectual experiences.“This is one of the largest rounds in an area of deep tech already seeing a lot of investor activity,” CEO Sachdev said in a telephone interview. “It represents the coming of age of conversational AI.”He declined to reveal the startup’s valuation, but said it is “one step away from turning into a unicorn,” the tech industry’s term for a value of $1 billion or more.Voice bots and automated messaging systems are already changing the world of call centers, and experts reckon the majority of human workers will be driven to obsolescence by artificial intelligence. By 2021, about 70% of organizations will integrate AI to assist employee productivity, researcher Gartner Inc forecast earlier this year.Using messaging apps, chatbots and speech-based assistants, so-called conversational artificial intelligence automates communication and delivers personalized experiences. “Virtual agents are gaining ubiquity via smartphones and messaging platforms to support customer care, marketing and employee efficiency,” said Dan Miller, the lead analyst with Saint Paul, Minnesota-based Opus Research.Sachdev estimates that the U.S. alone has 3.9 million call center workers and those numbers will steadily diminish as companies adopt new technologies. “Humans will shift from taking mundane calls to enhancing knowledge and teaching AI what is the good answer and how to resolve issues,” he said.Uniphore will use the funds to hire talent, invest in research and development and accelerate expansion, particularly in its primary market in North America. The startup plans to increase its engineering and development operations to 200 employees in India by the year end, while another 60 will be based in the U.S. and 40 in Europe and Asia Pacific. Its customers include BNP Paribas SA, Genpact Ltd., NTT Data Corp., and PNB MetLife.“Indian entrepreneurs are going from slow-followers to fast-innovators,” said Chambers in an interview earlier this year, explaining why he’s backing Uniphore. “I see a young breed of founders who are hungry for a piece of the future.”To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Sluggish Car Sales Slow Down Chipmakers as Trade Woes Escalate
(Bloomberg) -- Semiconductor companies are wincing as consumers around the globe are buying fewer cars amid continuing trade tensions between the U.S. and China.China has been a pain point for the sector as the two countries continue to spar on trade, and chipmakers had braced for slumping demand in the country to dent performance. The automotive sector has emerged as one of the biggest sources of weakness and is now threatening to dampen the chances of a recovery in the latter half of the year.It has so far been an unfortunate year for automakers, as global sales shrank 6.5% from a year earlier in the first quarter of 2019, and 7% in the next three months, according to Bloomberg Intelligence. China led the decline with car sales in the country falling for 12 consecutive months through June, amid slowing economic growth, trade-related turmoil, and a weak consumer demand, exacerbated by newer and stricter emissions rules. With the U.S. and China ratcheting the turmoil up a notch this week, some say the risks of tariffs on auto imports is now higher.Many auto parts suppliers, as well as Ford Motor Co., have reported disappointing results and issued weak forecasts for the year, citing the China slowdown. And now the effect is rippling through the rest of the supply chain, hurting chipmakers and other industrial manufacturers.“China weakness was expected, but in all honesty, we were expecting a trade deal by now,” Piper Jaffray & Co. analyst Harsh Kumar said in an interview. Kumar, who covers semiconductor stocks, said the companies supplying the automotive market were still seeing growth in radar and electrification-related products, while the traditional, gas engine segment is getting hit hard.Most of the automotive chip manufacturers have a larger piece of their business associated with traditional auto, and “that is not doing so well because there isn’t any market share or penetration to be gained; it is simply a units game,” Kumar said, referring to the fewer number of cars being sold.Maxim Integrated Products Inc., which makes chips that are used in various parts of a car including lighting, infotainment and driver assistance systems, said it expected the calendar third quarter to be slow, due to a “soft environment” for automotive production. The company’s battery management systems used in electric vehicles will also have fewer shipments, given the market uncertainty in China, the company said.The concerns were echoed by NXP Semiconductors NV, which makes components that help a car to sense its environment and process that data. Maxim and NXP’s customers include auto suppliers such as Aptiv Plc, Lear Corp. and Visteon Corp. as well as Fiat Chrysler Automobiles NV. Other chipmakers with substantial auto market exposure include Infineon Technologies AG, Analog Devices Inc., Texas Instruments Inc., and Microchip Technology Inc.Meanwhile, Rockwell Automation Inc., which counts both automotive and semiconductor sectors among its customers, saw both markets decline in the quarter ending June 30.“Overall, the combination of production cuts and reductions in component inventory is having an significant impact,” Morgan Stanley’s Craig Hettenbach, who covers semiconductors, said in an email interview. The analyst said that while the weakness is most pronounced in China, Europe has also been below expectations from the beginning of the year. “There is a lot of focus on when China will provide incentives to stimulate demand, but company and investor expectations for stimulus are pretty low right now,” Hettenbach said.A respite is not expected anytime soon. According to Moody’s, global vehicle sales are expected to fall 3.8% in 2019, amid further weakening demand in China and Western Europe. The latest round of trade war-related tarriffs could make matters even worse.To contact the reporter on this story: Esha Dey in New York at edey@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jennifer Bissell-Linsk, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GuruFocus.com
Analog Devices Inc (ADI) President & CEO Vincent Roche Sold $1.2 million of Shares
President & CEO of Analog Devices Inc (30-Year Financial, Insider Trades) Vincent Roche (insider trades) sold 10,000 shares of ADI on 08/01/2019 at an average price of $118.43 a share. Continue reading...
- Simply Wall St.
Here's Why Analog Devices (NASDAQ:ADI) Can Manage Its Debt Responsibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
- Business Wire
Analog Devices Recognized for Employee Benefits, Work Culture, and Business Growth
Analog Devices, Inc. was recently recognized by Forbes magazine and the Silicon Valley Business Journal for providing industry-leading benefits and a work culture that has led to strong employee satisfaction and pride.
- Motley Fool
This Chip Stock Could Win Big From 5G
Investors should take notice of how well Analog Devices is positioned to profit from the rollout of next-generation wireless networks.
- Business Wire
Analog Devices, Inc. to Report Third Quarter Fiscal Year 2019 Financial Results on Wednesday, August 21, 2019
- Press release scheduled for 8 a.m. Eastern time on August 21, 2019
- TipRanks
Goldman Sachs Is Upgrading These 4 Tech Stocks
Tech stocks are having a moment. Investors have shaken off regulatory concerns to propel tech stocks higher, with the tech-heavy Nasdaq index up a whopping 25% year-to-date. Chip stocks are also enjoying a relief rally after US-China trade tensions sparked heavy selling in 4Q18. And in its wake comes the S&P 500, now up 20% since the start of the year. Goldman Sachs isn't immune to this increasingly bullish sentiment. The firm has just released a rash of tech upgrades. Mostly firms reiterate recommendations- so a rating change speaks volumes about how a firm perceives a stock’s outlook (or, indeed, a sector). So which four tech stocks is Goldman Sachs re-evaluating right now? Let’s take a closer look, and see whether the Street agrees with this newly positive outlook… Snap Inc (SNAP)Five-star Goldman Sachs analyst Heath Terry has just upgraded disappearing photo app Snap. New hyper-realistic augmented-reality filters could lead SNAP to positively surprise in the coming quarters says Terry. His new buy rating comes with a $18 price target- which still only suggests 2% upside potential from current levels. That’s due to SNAP’s better-than-expected earnings results, which sent shares surging over 20%. Revenue growth accelerated (to 48% year-over-year), daily active user (DAU) growth turned sharply positive, Gross Margin expanded nicely, and EBITDA loss narrowed materially. “Our checks with advertisers also lead us to believe that the company’s continued innovation in its ad-stack, particularly in self-serve, should allow Snap to substantially improve monetization of user time spent on the platform over time,” Terry stated.Overall, the Street shows a cautiously optimistic Moderate Buy consensus on SNAP. Out of 22 analysts covering the stock, 9 rate SNAP a buy, 11 a hold and 2 say sell. Meanwhile the average analyst price target stands at $17- indicating 4% downside from current levels. Stitch Fix Inc (SFIX)Online personal shopping service Stitch Fix also gets the Terry thumbs up. The analyst upgraded the fashion stock on July 21 with a $38 price target. Even though shares have already climbed 60% year-to-date, Terry’s price target still indicates upside potential of 39%.Terry wasn’t deterred by SFIX’s slowing active client growth, writing: “we believe product innovation, operational efficiencies, and geographic expansion, combined with the increase in retail store closures (particularly in apparel) represent significant opportunities for further outperformance.” He spies ‘compelling upside potential’ from Stitch’s expansion plans- including the recent UK launch and the new men’s, children’s, and plus-sized offerings. Notably Goldman Sachs isn’t the only firm upgrading SFIX stock. Stifel Nicolaus’ Scott Devitt also notched his rating up to buy on July 22. With a $35 price target, Devitt explained: “We are confident in management’s ability to drive healthy ARPU growth in the intermediate term by continuing to improve keep rates through stronger personalization (Style Shuffle), high-quality client adds, and healthy retention.”Although SFIX shows a Moderate Buy Street consensus, if we look at only the best-performing analysts this consensus shifts to Strong Buy. The top analyst average price target stands at $38.80. Applied Materials (AMAT)Chip-making equipment stock Applied Materials has surged 59% year-to-date. Top Goldman Sachs analyst Toshiya Hari gave the stock a boost on July 22 with his ratings upgrade. He also raised the stock’s price target from $48 to $56 (7% upside potential). And most importantly- he added AMAT to the firm’s Conviction Buy List of top stock picks. The move came thanks to Hari’s increasingly optimistic take on the chip sector as a whole. Hari now forecasts the WFE [wafer fab equipment] market to grow 7% year over year in 2020, up from the previous prior assumption of flat year over year."Not only have the memory producers reduced capex over the last 4 quarters, but they have also made adjustments to their factory utilization rates to combat the on-going challenging environment, and while the memory WFE market is likely to remain weak in 2H19, we now expect fundamentals to improve earlier than our prior expectations," Hari told investors. However the rebound may take some time to materialize. “While visibility is limited in the near term...we believe disciplined supply-side actions from the memory manufacturers...coupled with recent supply-side disruptions will drive...an improvement in memory supply/demand sooner than previously expected” the analyst concluded. The Street currently has a Strong Buy consensus on AMAT with a $51 average price target (2% downside potential). Analog Devices (ADI)AMAT isn’t the only stock Hari is upgrading. He also issued a rare double upgrade for multinational semiconductor stock Analog Devices- taking ADI all the way from Sell to Buy. That’s with a $114 price target (9% downside potential). "First and foremost, we acknowledge that our Sell thesis on the stock - which was predicated on our guarded view towards the analog semiconductor cycle and relatively stretched valuation - has not worked," Hari admitted to investors."ADI, in our view, has exposure to multiple idiosyncratic revenue drivers," the analyst continued. "Specifically, we believe ADI's disproportionate exposure to the Comms Infrastructure end-market coupled with content gain opportunities in Automotive will drive growth that exceeds peers in the analog semiconductor space."Out of 11 analysts covering the stock, 8 rate ADI a buy, and 3 rate the stock a hold. However the average analyst price target of $116 is 7% lower than the current share price of $125. Note that the stock is currently up 45% year-to-date.
