Analysts' ratings for Analog Devices (NASDAQ: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.
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.