Back to top

Image: Bigstock

Analog Devices (ADI) Rises As Market Takes a Dip: Key Facts

Read MoreHide Full Article

Analog Devices (ADI - Free Report) ended the recent trading session at $433.11, demonstrating a +1.13% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.31%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq lost 1.38%.

Prior to today's trading, shares of the semiconductor maker had gained 7.96% outpaced the Computer and Technology sector's loss of 3.14% and the S&P 500's gain of 0.87%.

Market participants will be closely following the financial results of Analog Devices in its upcoming release. The company plans to announce its earnings on November 24, 2026. It is anticipated that the company will report an EPS of $3.89, marking a 72.12% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $4.32 billion, reflecting a 40.58% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $13 per share and revenue of $15.13 billion, indicating changes of +66.88% and +37.27%, respectively, compared to the previous year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Analog Devices. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.31% increase. At present, Analog Devices boasts a Zacks Rank of #2 (Buy).

Digging into valuation, Analog Devices currently has a Forward P/E ratio of 32.95. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 32.95.

It's also important to note that ADI currently trades at a PEG ratio of 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - Analog and Mixed was holding an average PEG ratio of 0.73 at yesterday's closing price.

The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 7, this industry ranks in the top 3% of all industries, numbering over 250.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow ADI in the coming trading sessions, be sure to utilize Zacks.com.

Published in