Analog Devices Is the Chip Stock That Can Outperform in a Slowing Economy [MarketWatch]
Analog Devices, Inc. (ADI)
Last analog devices, inc. earnings: 2/19 08:00 am
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US:NASDAQ Investor Relations:
investor.analog.com/investor-relations
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Source: MarketWatch
On Tuesday, Analog Devices (ticker: ADI reported strong earnings. Both the results and management's financial forecasts for the current quarter were higher than Wall Street expected. The following day, Bernstein analyst Stacy Rasgon increased his target for the company's stock price to $200 from $190 and reiterated his Outperform rating for the shares. Analog Devices shares rose 1.9% to $171.56 in early trading Wednesday. “We do think ADI should prove somewhat more resilient than many peers should we hit a bigger bump in the road,” he wrote. “While not immune to cycles we continue to prefer ADI vs other analog/diversified names in our coverage.” In an phone interview with Barron's on Tuesday, Chief Financial Officer Prashanth Mahendra-Rajah said Analog Devices was less affected than its rivals by sales trends in the auto industry because it is benefiting from long-term changes, including the move toward electrical vehicles. Those cars require more of its chips for power managem
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ADI
News
- Analog Devices, Inc. to Report Second Quarter Fiscal Year 2024 Financial Results on Wednesday, May 22, 2024PR Newswire
- Investing in Analog Devices (NASDAQ:ADI) five years ago would have delivered you a 82% gain [Yahoo! Finance]Yahoo! Finance
- Screen Bias Driver IC Market Report 2024: Global Trends, Forecast and Competitive Analysis to 2030 - Increasing Demand for High-resolution Displays, Growing Adoption of OLED Technology [Yahoo! Finance]Yahoo! Finance
- Declining Stock and Decent Financials: Is The Market Wrong About Analog Devices, Inc. (NASDAQ:ADI)? [Yahoo! Finance]Yahoo! Finance
- Microsoft has become an academy for AI talent that other companies are now poaching [Yahoo! Finance]Yahoo! Finance
ADI
Earnings
- 2/21/24 - Beat
ADI
Sec Filings
- 4/5/24 - Form 4
- 4/4/24 - Form 144
- 4/3/24 - Form 8-K
- ADI's page on the SEC website