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ADI

Analog DevicesNasdaqGS:ADI Stock Report

Market Cap

US$95.9b

7D

4.1%

1Y

57.3%

Updated

25 Sep, 2021

Data

Company Financials +
ADI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends5/6

ADI Overview

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies.

Analog Devices Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Analog Devices
Historical stock prices
Current Share PriceUS$178.53
52 Week HighUS$114.00
52 Week LowUS$178.84
Beta1.21
1 Month Change6.67%
3 Month Change6.48%
1 Year Change57.32%
3 Year Change93.09%
5 Year Change177.01%
Change since IPO11,029.11%

Recent News & Updates

Sep 14

Analog Devices: Safer Bet With Improved Multiple After Closing Merger Deal

Prior to combining, Analog Devices and Maxim Integrated had excellent records in terms of profit, solidifying future growth with their targeted 40% cost synergies. New-ADI is well-positioned to capitalize on existing opportunities, particularly in the event of total recovery of the economy. Continues to grow its R&D investment that will help with sustaining its competitiveness on the market. Strong market outlook from the management, and continued appreciation of shareholder value as a result of its ASR strategy. Is relatively cheaper among its dividend paying peers and has safer capital structure.

Aug 29
Analog Devices' (NASDAQ:ADI) Earnings Are Weaker Than They Seem

Analog Devices' (NASDAQ:ADI) Earnings Are Weaker Than They Seem

Despite posting some strong earnings, the market for Analog Devices, Inc.'s ( NASDAQ:ADI ) stock hasn't moved much. Our...

Shareholder Returns

ADIUS SemiconductorUS Market
7D4.1%0.9%0.1%
1Y57.3%53.6%35.3%

Return vs Industry: ADI exceeded the US Semiconductor industry which returned 53.7% over the past year.

Return vs Market: ADI exceeded the US Market which returned 35.3% over the past year.

Price Volatility

Is ADI's price volatile compared to industry and market?
ADI volatility
ADI Beta1.21
Industry Beta1.23
Market Beta1

Stable Share Price: ADI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ADI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196515,900Vince Rochehttps://www.analog.com

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure. It also provides power management and reference products for power management and conversion applications in the automotive, communications, industrial, and high-end consumer markets; and microelectromechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes to sense rotation, and inertial measurement units to sense multiple degrees of freedom, as well as isolators.

Analog Devices Fundamentals Summary

How do Analog Devices's earnings and revenue compare to its market cap?
ADI fundamental statistics
Market CapUS$95.94b
Earnings (TTM)US$1.70b
Revenue (TTM)US$6.51b

56.4x

P/E Ratio

14.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ADI income statement (TTM)
RevenueUS$6.51b
Cost of RevenueUS$2.08b
Gross ProfitUS$4.43b
ExpensesUS$2.73b
EarningsUS$1.70b

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.17
Gross Margin68.04%
Net Profit Margin26.15%
Debt/Equity Ratio43.5%

How did ADI perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Analog Devices undervalued compared to its fair value and its price relative to the market?

2.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ADI ($178.53) is trading below our estimate of fair value ($182.32)

Significantly Below Fair Value: ADI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ADI is poor value based on its PE Ratio (56.4x) compared to the US Semiconductor industry average (30.7x).

PE vs Market: ADI is poor value based on its PE Ratio (56.4x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: ADI is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: ADI is overvalued based on its PB Ratio (7.8x) compared to the US Semiconductor industry average (4.5x).


Future Growth

How is Analog Devices forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

18.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADI's forecast earnings growth (18.7% per year) is above the savings rate (2%).

Earnings vs Market: ADI's earnings (18.7% per year) are forecast to grow faster than the US market (14.8% per year).

High Growth Earnings: ADI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ADI's revenue (17.1% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: ADI's revenue (17.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADI's Return on Equity is forecast to be low in 3 years time (11.7%).


Past Performance

How has Analog Devices performed over the past 5 years?

13.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADI has high quality earnings.

Growing Profit Margin: ADI's current net profit margins (26.2%) are higher than last year (20.1%).


Past Earnings Growth Analysis

Earnings Trend: ADI's earnings have grown by 13.2% per year over the past 5 years.

Accelerating Growth: ADI's earnings growth over the past year (53.1%) exceeds its 5-year average (13.2% per year).

Earnings vs Industry: ADI earnings growth over the past year (53.1%) underperformed the Semiconductor industry 70.6%.


Return on Equity

High ROE: ADI's Return on Equity (13.9%) is considered low.


Financial Health

How is Analog Devices's financial position?


Financial Position Analysis

Short Term Liabilities: ADI's short term assets ($3.1B) exceed its short term liabilities ($2.8B).

Long Term Liabilities: ADI's short term assets ($3.1B) do not cover its long term liabilities ($6.6B).


Debt to Equity History and Analysis

Debt Level: ADI's debt to equity ratio (43.5%) is considered high.

Reducing Debt: ADI's debt to equity ratio has increased from 34.7% to 43.5% over the past 5 years.

Debt Coverage: ADI's debt is well covered by operating cash flow (46.3%).

Interest Coverage: ADI's interest payments on its debt are well covered by EBIT (12x coverage).


Balance Sheet


Dividend

What is Analog Devices's current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ADI's dividend (1.55%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: ADI's dividend (1.55%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: ADI's dividends per share have been stable in the past 10 years.

Growing Dividend: ADI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (58.3%), ADI's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ADI's dividends in 3 years are forecast to be well covered by earnings (43.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Vince Roche (61 yo)

8.33yrs

Tenure

US$12,357,918

Compensation

Mr. Vincent T. Roche, also known as Vince, has been the President of Analog Devices, Inc. since November 5, 2012 and has been its Chief Executive Officer since May 2013. Mr. Roche served as an Interim Chie...


CEO Compensation Analysis

Compensation vs Market: Vince's total compensation ($USD12.36M) is about average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Vince's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ADI's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: ADI's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 45.6%.


Top Shareholders

Company Information

Analog Devices, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Analog Devices, Inc.
  • Ticker: ADI
  • Exchange: NasdaqGS
  • Founded: 1965
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$95.944b
  • Shares outstanding: 537.41m
  • Website: https://www.analog.com

Number of Employees


Location

  • Analog Devices, Inc.
  • One Analog Way
  • Wilmington
  • Massachusetts
  • 1887
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:02
End of Day Share Price2021/09/24 00:00
Earnings2021/07/31
Annual Earnings2020/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.