Analog DevicesADI
Market Cap: $106B
About: 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.
Employees: 26,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
62% more first-time investments, than exits
New positions opened: 186 | Existing positions closed: 115
39% more funds holding in top 10
Funds holding in top 10: 41 [Q1] → 57 (+16) [Q2]
17% more capital invested
Capital invested by funds: $85.6B [Q1] → $100B (+$14.5B) [Q2]
5% more funds holding
Funds holding: 1,539 [Q1] → 1,610 (+71) [Q2]
1.1% more ownership
Funds ownership: 87.45% [Q1] → 88.55% (+1.1%) [Q2]
4% more call options, than puts
Call options by funds: $1.07B | Put options by funds: $1.03B
2% more repeat investments, than reductions
Existing positions increased: 593 | Existing positions reduced: 582
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Morgan Stanley Joseph Moore 46% 1-year accuracy 22 / 48 met price target | 20%upside $257 | Overweight Maintained | 22 Aug 2024 |
B of A Securities Vivek Arya 44% 1-year accuracy 24 / 54 met price target | 19%upside $255 | Buy Maintained | 22 Aug 2024 |
JP Morgan Harlan Sur 53% 1-year accuracy 18 / 34 met price target | 31%upside $280 | Overweight Maintained | 22 Aug 2024 |
Truist Securities William Stein 64% 1-year accuracy 28 / 44 met price target | 25%upside $266 | Buy Maintained | 22 Aug 2024 |
Oppenheimer Rick Schafer 64% 1-year accuracy 16 / 25 met price target | 15%upside $245 | Outperform Reiterated | 22 Aug 2024 |
Financial journalist opinion
Based on 24 articles about ADI published over the past 30 days