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Analog Devices Inc - Stock Quote ADI

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Morningstar's Analog Devices Inc Stock Analysis

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Is it the right time to buy or sell?

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Analog Devices Is Firing on All Cylinders With Impressive Profitability; Maintain $172 FVE

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

Analog Devices reported strong fiscal second-quarter results and provided investors with an upbeat forecast for the July quarter, particularly on the adjusted gross margin line as the company saw a step up in profitability during the ongoing global chip shortage. We maintain our $172 fair value estimate for the wide-moat firm as we're a bit cautious that these good times may not last forever, but shares appear slightly undervalued to us and we still view it as one of the highest quality chipmakers within our coverage.

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Analog Devices Inc's Company Profile

Business Description

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.

One Analog Way
Wilmington, MA, 01887
T +1 781 935-5565
Industry Semiconductors
Most Recent Earnings Apr 30, 2022
Fiscal Year End Oct 30, 2022
Stock Type Cyclical
Employees 24,700

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