Analog Devices Inc
ADI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$947.00 | Nmjpb | Byjsclpn |
No Surprise to Us That ADI-Maxim Will Be a Profitable Analog Leader; Maintain $152 FVE
We maintain our $152 fair value estimate for wide-moat Analog Devices as the company provided investors with updates on its ongoing capital allocation plans, long-term financial model, and fiscal fourth-quarter financial outlook, now that it has completed the acquisition of Maxim Integrated. The shares were flattish after the update, near $163, and still appear slightly overvalued to us.