Analog Devices (ADI) ended the recent trading session at $237.72, demonstrating a -0.35% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.4%.Shares of the semiconductor maker have appreciated by 3.19% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.Analysts and investo ...

These companies are some of the best picks for semiconductor stocks to buy now. It’s an interesting time for companies in the semiconductor business. The rise of AI has brought growing demand for specialized, high-performance chips with it, and that’s translated into a small-scale gold rush of sorts for semiconductor chips.Semiconductor chips are electronic components that enable computing functions by controlling the flow of electrical signals. These chips are integral to the development of AI because they ...

Analog Devices (ADI) closed the most recent trading day at $233.74, moving -1.93% from the previous trading session. This change lagged the S&P 500's 0.88% loss on the day. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 1.95%.The semiconductor maker's stock has dropped by 0.05% in the past month, falling short of the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11%.Analysts and investors alike will be keeping a close eye on the performance of Analog D ...

KALISPELL, Mont., June 27, 2024 (GLOBE NEWSWIRE) -- ClassOne Technology, a leading global provider of advanced electroplating and wet processing tools for microelectronics manufacturing, today announced it has delivered the first of two Solstice® S4 single-wafer processing systems ordered by Analog Devices, Inc. (NASDAQ:ADI) to its Beaverton, Ore., facility. The four-chamber ClassOne Solstice system facilitates improved performance for ADI's innovative analog/mixed-signal and digital signal processing (DSP) ...

It has been about a month since the last earnings report for Analog Devices (ADI) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Analog Devices due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Analog Devices Q2 Earnings Beat Estimates ...

Investment Rating - The report indicates a positive outlook for Analog Devices, Inc. (ADI) with expectations of recovery in the industrial market and improved financial performance in the upcoming quarters [1][10]. Core Insights - ADI's FY2024Q2 revenue was $2.159 billion, slightly above the guidance midpoint of $2.1 billion, despite a year-over-year decline of 33.8% and a quarter-over-quarter decline of 14.1% [4][14]. - The adjusted gross margin for FY2024Q2 was 66.7%, reflecting a decrease from the previous year, while net profit was $302 million, down 69.1% year-over-year [4][14]. - The company anticipates a revenue range of $2.17 to $2.37 billion for FY2024Q3, indicating a potential recovery in the industrial market [10][15]. Summary by Sections 1. Overall Revenue Situation - For FY2024Q2, ADI achieved revenue of $2.159 billion, which is a 14.1% decrease quarter-over-quarter and a 33.8% decrease year-over-year, but slightly above the guidance midpoint of $2.1 billion [4][5]. - The adjusted gross margin was 66.7%, with a net profit of $302 million, resulting in a net profit margin of 14% [4][14]. 2. Revenue Breakdown by End Market - Industrial market revenue was $1.015 billion, accounting for 47% of total revenue, with a year-over-year decline of 44% [7][8]. - Automotive market revenue was $658 million, representing 30% of total revenue, with a year-over-year decline of 10% [7][8]. - Communication market revenue was $241 million, accounting for 11% of total revenue, with a year-over-year decline of 45% [7][8]. - Consumer market revenue was $245 million, also 11% of total revenue, with a year-over-year decline of 9% [7][8]. 3. Company Performance Guidance - For FY2024Q3, ADI expects revenue between $2.17 billion and $2.37 billion, with adjusted EPS projected to be between $1.40 and $1.60 [10][15]. - The company anticipates a recovery in the industrial market and plans to continue reducing channel inventory, which is expected to enhance profitability [10][15]. 4. Capital Expenditure and Inventory - Capital expenditure for FY2024Q2 was $188 million, with an expected total of $700 million for the fiscal year [6]. - Inventory at the end of FY2024Q2 decreased by approximately $74 million, with inventory turnover days dropping from 201 to 192 days [6][14].

LG Energy Solution signs MoU with Analog Devices, Inc. (ADI), a global semiconductor leader with Innovative Intelligence at the Edge technologies in the field of battery management.The companies are working towards co-development of a technology that will enable precise measurement of battery cells' internal temperature. This has potential to enhance safety and charging speed, thus further advancing the clean energy ecosystem.LG Energy Solution aims to provide differentiated customer value through its advan ...

Analog Devices, Inc. (NASDAQ:ADI) Bernstein 40th Annual Strategic Decisions Conference May 29, 2024 10:00 AM ET Company Participants Michael Lucarelli - VP, IR & FP&A Richard Puccio - Executive VP & CFO Conference Call Participants Stacy Rasgon - Bernstein Stacy Rasgon I guess, we'll get started. Good morning, everyone. Thank you for coming. I'm Stacy Rasgon. I cover the U.S. semiconductor sector here at Bernstein. And it's my honor today to introduce our guests, Rich Puccio, the CFO of Analog Devices; and ...

Certain technology companies get all the attention and generate all the media headlines. This fact leaves many companies lurking in the shadows and off the radar screens of investors. This is a sorry state of affairs as it means that investors are missing out on great stocks, a lot of which can be purchased now at bargain prices even as they begin to rise again and post solid returns.Little-known stocks in the semiconductor, e-commerce, financial technology and cryptocurrency sectors are flying out of most ...

WILMINGTON, Mass., May 23, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company's Executive Vice President & Chief Financial Officer, Richard Puccio, will discuss business topics and trends at the Bernstein 40th Annual Strategic Decisions Conference taking place at the New York Hilton Midtown Hotel, located in New York, New York, on Wednesday, May 29, 2024, at 10:00 a.m. EST.The webcast for the conference may be accessed live via the Investor Relations section of Analog D ...