Analog Devices (ADI)

• Market cap: $106B
• 1 day: 0.58%
• 5 days: -0.78%
• 1 month: -4.22%
• 3 months: -6.16%
• 6 months: -6.37%
• Year to date: 10.39%
• 1 year: 10.39%
• 5 years: 77.45%
• 10 years: 284.77%
• Sector: Information Technology
• Industry: Semiconductors & Related Devices

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: 24,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% less funds holding

Funds holding: 1,634 [Q2] → 1,628 (-6) [Q3]

2% less call options, than puts

Call options by funds: $1.38B | Put options by funds: $1.41B

4% less repeat investments, than reductions

Existing positions increased: 602 | Existing positions reduced: 626

4% less first-time investments, than exits

New positions opened: 137 | Existing positions closed: 143

5% less capital invested

Capital invested by funds: $108B [Q2] → $103B (-$5.27B) [Q3]

5.43% less ownership

Funds ownership: 95.67% [Q2] → 90.24% (-5.43%) [Q3]

21% less funds holding in top 10

Funds holding in top 10: 58 [Q2] → 46 (-12) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $220 3% upside
• Avg. target: $238 11% upside
• High target: $260 22% upside

6 analyst ratings

• positive: 2 33%
• neutral: 4 67%
• negative: 0 0%

Truist Securities William Stein 53% 1-year accuracy 21 / 40 met price target	6% upside $227	Hold Maintained	27 Nov 2024
Piper Sandler Harsh Kumar 54% 1-year accuracy 20 / 37 met price target	3% upside $220	Neutral Maintained	27 Nov 2024
Morgan Stanley Joseph Moore 67% 1-year accuracy 38 / 57 met price target	16% upside $248	Overweight Maintained	27 Nov 2024
TD Cowen Joshua Buchalter 13% 1-year accuracy 1 / 8 met price target	22% upside $260	Buy Maintained	27 Nov 2024
Wells Fargo Gary Mobley 62% 1-year accuracy 13 / 21 met price target	3% upside $220	Equal-Weight Initiated	22 Nov 2024