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Analog Devices Inc (ADI)ADI
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Upturn Advisory Summary
11/04/2024: ADI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: -3.66% | Upturn Advisory Performance 2 | Avg. Invested days: 43 |
Profits based on simulation | Stock Returns Performance 1 | Last Close 11/04/2024 |
Type: Stock | Today’s Advisory: WEAK BUY |
Historic Profit: -3.66% | Avg. Invested days: 43 |
Upturn Star Rating | Stock Returns Performance 1 |
Profits based on simulation Last Close 11/04/2024 | Upturn Advisory Performance 2 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 111.95B USD |
Price to earnings Ratio 68.12 | 1Y Target Price 255.27 |
Dividends yield (FY) 1.63% | Basic EPS (TTM) 3.31 |
Volume (30-day avg) 2378411 | Beta 1.07 |
52 Weeks Range 163.87 - 243.11 | Updated Date 11/4/2024 |
Company Size Large-Cap Stock | Market Capitalization 111.95B USD | Price to earnings Ratio 68.12 | 1Y Target Price 255.27 |
Dividends yield (FY) 1.63% | Basic EPS (TTM) 3.31 | Volume (30-day avg) 2378411 | Beta 1.07 |
52 Weeks Range 163.87 - 243.11 | Updated Date 11/4/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 17.07% | Operating Margin (TTM) 21.78% |
Management Effectiveness
Return on Assets (TTM) 2.86% | Return on Equity (TTM) 4.66% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 68.12 | Forward PE 28.01 |
Enterprise Value 117506062233 | Price to Sales(TTM) 11.54 |
Enterprise Value to Revenue 12.11 | Enterprise Value to EBITDA 27.56 |
Shares Outstanding 496492992 | Shares Floating 493991128 |
Percent Insiders 0.25 | Percent Institutions 93.08 |
Trailing PE 68.12 | Forward PE 28.01 | Enterprise Value 117506062233 | Price to Sales(TTM) 11.54 |
Enterprise Value to Revenue 12.11 | Enterprise Value to EBITDA 27.56 | Shares Outstanding 496492992 | Shares Floating 493991128 |
Percent Insiders 0.25 | Percent Institutions 93.08 |
Analyst Ratings
Rating 4.03 | Target Price 200.48 | Buy 4 |
Strong Buy 14 | Hold 13 | Sell - |
Strong Sell - |
Rating 4.03 | Target Price 200.48 | Buy 4 | Strong Buy 14 |
Hold 13 | Sell - | Strong Sell - |
AI Summarization
Analog Devices Inc. (ADI): A Comprehensive Overview
Company Profile
History and Background
Analog Devices, Inc. (ADI) was founded in 1965 by Ray Stata, a graduate student at MIT. The company started by developing and manufacturing operational amplifiers, a key building block for analog circuits. Over the years, ADI expanded its product portfolio to encompass a wide range of analog, mixed-signal, and digital signal processing (DSP) products. Today, ADI is a global leader in the semiconductor industry, with a presence in over 100 countries.
Core Business Areas
ADI's core business areas include:
- Data Converters: Analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) that convert between analog and digital signals.
- Amplifiers: Operational amplifiers, instrumentation amplifiers, and other types of amplifiers used for signal conditioning and amplification.
- Power Management: Power management integrated circuits (PMICs) that regulate and control power for electronic devices.
- RF & Microwave: Radio frequency and microwave components and modules used for wireless communications.
- Sensors: Sensors for measuring various physical parameters such as temperature, pressure, and light.
- Microcontrollers: Microcontrollers for embedded systems and industrial applications.
ADI's products are used in a wide range of applications, including:
- Industrial automation
- Communications infrastructure
- Automotive
- Consumer electronics
- Healthcare
- Aerospace and defense
Leadership Team and Corporate Structure
ADI's leadership team is led by President and CEO Vincent Roche, who has been with the company since 1982. The executive team also includes Chief Financial Officer Prashanth Mahendra-Rajah, and Executive Vice President and Chief Operating Officer Kevin Reid. The company has a decentralized organizational structure with various business units and product groups focused on specific markets.
Top Products and Market Share
Top Products
ADI's top products include data converters, amplifiers, power management ICs, and sensors. These products are used in a wide range of applications and are known for their high performance, reliability, and energy efficiency.
Market Share
ADI has a leading market share in several of its product categories. According to a report by Gartner, ADI had the following market share in 2022:
- Data Converters: 40.2%
- Amplifiers: 28.6%
- Power Management ICs: 17.5%
Comparison with Competitors
ADI's main competitors include Texas Instruments (TXN), Infineon Technologies (IFX), and STMicroelectronics (STM). While ADI holds a leading market share in several categories, all these companies are constantly innovating and competing in the semiconductor market.
Total Addressable Market
The total addressable market (TAM) for ADI's products is estimated to be over $200 billion. This includes various applications in industrial, automotive, communications, consumer electronics, and other sectors. The growing demand for connected devices, data analytics, and artificial intelligence is driving the growth of the semiconductor market, which benefits companies like ADI.
Financial Performance
Recent Financial Statements
ADI's financial performance has been strong in recent years. In 2022, the company reported revenue of $12.7 billion, net income of $3.1 billion, and earnings per share (EPS) of $5.52. The company's gross profit margin is around 65%, and its operating margin is around 35%.
Year-over-Year Comparison
ADI's revenue and earnings have grown steadily over the past few years. In 2022, the company's revenue grew by 10% year-over-year, and its EPS grew by 15%. The company's financial performance is expected to remain strong in the coming years, driven by continued demand for its products and growth in its target markets.
Cash Flow and Balance Sheet
ADI has a strong cash flow position and a healthy balance sheet. The company has a cash balance of over $5 billion and a debt-to-equity ratio of less than 1.0. This financial strength gives ADI the flexibility to invest in growth opportunities and return cash to shareholders.
Dividends and Shareholder Returns
Dividend History
ADI has a long history of paying dividends. The company has increased its dividend payout for the past 25 consecutive years. In 2022, the company paid a dividend of $1.76 per share, resulting in a dividend yield of around 2.5%.
Shareholder Returns
ADI has generated strong shareholder returns over the past decade. The company's stock price has appreciated by over 500% since 2013, significantly outperforming the S&P 500 index.
Growth Trajectory
Historical Growth
ADI has experienced consistent growth over the past 5-10 years. The company's revenue has grown at a compound annual growth rate (CAGR) of around 8% over this period. This growth has been driven by increasing demand for its products, expansion into new markets, and acquisitions.
Future Growth Projections
ADI's future growth prospects are positive. The company is well-positioned to benefit from several key growth trends, including the growth of the Internet of Things (IoT), the proliferation of artificial intelligence (AI), and the increasing demand for connected devices. ADI's management team expects continued revenue and earnings growth in the coming years.
Recent Product Launches and Strategic Initiatives
ADI is constantly innovating and launching new products to address emerging market needs. In recent years, the company has introduced new generations of data converters, amplifiers, and power management ICs with improved performance and efficiency. The company is also investing in strategic initiatives such as expanding its presence in emerging markets and developing new technologies for the IoT and AI markets.
Market Dynamics
Industry Overview
ADI operates in the semiconductor industry, which is a highly competitive and rapidly evolving market. The industry is characterized by continuous innovation, technological advancements, and price competition. The growth of the semiconductor market is driven by increasing demand for electronic devices, the proliferation of connected devices, and the adoption of new technologies such as AI and 5G.
ADI's Positioning and Adaptability
ADI is a well-established player in the semiconductor industry with a strong track record of innovation and product leadership. The company is well-positioned to benefit from the growth of the semiconductor market
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Analog Devices Inc
Exchange | NASDAQ | Headquaters | Wilmington, MA, United States |
IPO Launch date | 1972-04-03 | CEO & Chair of the Board of Directors | Mr. Vincent T. Roche |
Sector | Technology | Website | https://www.analog.com |
Industry | Semiconductors | Full time employees | 26000 |
Headquaters | Wilmington, MA, United States | ||
CEO & Chair of the Board of Directors | Mr. Vincent T. Roche | ||
Website | https://www.analog.com | ||
Website | https://www.analog.com | ||
Full time employees | 26000 |
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs. It also offers amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company provides digital signal processing and system products for numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, defense and healthcare, and communications markets through a direct sales force, third-party distributors, and independent sales representatives, as well as online. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.
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