Analog Devices, Microchip downgraded at Truist on 'peak P/E' concerns [Seeking Alpha]
Analog Devices, Inc. (ADI)
Last analog devices, inc. earnings: 2/19 08:00 am
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US:NASDAQ Investor Relations:
investor.analog.com/investor-relations
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Source: Seeking Alpha
pair on the belief that the cyclical recovery in the semiconductor industry has reached its peak. Analog was little changed in premarket trading, while Microchip was down 1% Analog Devices Truist analyst William Stein lowered his rating on Analog to Hold from Buy and said that while he has a positive view on the company's fundamental approach to managing its business, much of the upside is already baked into the stock price. He also lowered his price target on Analog to $233 from $266. "Following recent peak performance in 3CQ22 of +29% y/y organic growth, ADI's fundamentals bottomed in 1CQ24 with revenue down 34% y/y and EPS down 51% y/y," Stein wrote in a note. "While bullish investors point to a significant recovery in CY25, we highlight that consensus already forecasts a recovery, with CY25 revenue growing 17% y/y (an average of 3% above-seasonal in each of the next six [quarters]) and EPS growing 31%." Shares of Analog Devices are trading at 28 times estimated 2025 earn
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News
- Analog Devices (ADI) Registers a Bigger Fall Than the Market: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- Truist Downgrades Analog Devices, Inc. (ADI) to Hold, Citing Peak Growth and Challenging Returns Ahead [Yahoo! Finance]Yahoo! Finance
- Analog Devices (ADI) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Is Analog Devices, Inc. (NASDAQ:ADI) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Want Better Returns? Don't Ignore These 2 Computer and Technology Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
ADI
Earnings
- 8/21/24 - Beat
ADI
Sec Filings
- 9/27/24 - Form 8-K
- 9/26/24 - Form 4
- 9/25/24 - Form 144
- ADI's page on the SEC website