How to Buy Analog Devices Stock
Analog Devices Inc
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies.
Analog Devices stock last closed at $229.40, up 1.28% from the previous day, and has increased 32.36% in one year. It has overperformed other stocks in the Semiconductors industry by 0.03 percentage points. Analog Devices stock is currently +48.01% from its 52-week low of $154.99, and -6.04% from its 52-week high of $244.14.
As of Oct 8, 2024, there are 496.49M ADI shares outstanding. The market cap of ADI is $113.90B. In the last 24 hours, 2.4M ADI shares were traded.
How to Buy Analog Devices Stock
Not sure how to invest in Analog Devices stock? Here's how.
- Decide where to buy Analog Devices stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Analog Devices stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your info.
- Research Analog Devices stock: The Analog Devices ticker symbol is ADI. Is Analog Devices stock a good investment? Should you buy shares of ADI? How do ADI's underlying business fundamentals look? Do top analysts think Analog Devices is a good buy? Why has ADI's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if ADI is a good stock to buy).
- Execute your ADI buy order: Decide if you will purchase ADI shares at the current market price or use a limit order to purchase ADI shares at a specific price.
- Get the latest news on your ADI position: Create a watchlist to monitor your new investment in Analog Devices shares.
Step 1: Decide where to buy Analog Devices stock
You need a brokerage account to access the NASDAQ market and buy ADI shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can buy ADI today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new brokerage account.
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Step 3: Put funds into your brokerage account
Now that you've opened your account on a good online stock trading app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing funds into your brokerage account.
Step 4: Research Analog Devices stock
Once you have decided on the best place to buy Analog Devices stock, it's critical to evaluate their stock before you buy, so you can wrap your head around the risk as well as the opportunity.
Analog Devices shares at a glance
ADI Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ADI's stock page.
What is the fair value of ADI stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ADI's true value.
Using relative valuations methods:
- ADI could be undervalued based on its P/E ratio of 68.68x, relative to Semiconductors industry P/E ratio of 78.69x
- ADI could be undervalued based on its P/B ratio of 3.24x, relative to Semiconductors industry P/B ratio of 9.93x
- ADI may be overvalued based on its PEG ratio of 1.76x
You can access more valuation research on ADI's stock here.
Is ADI a healthy company?
Passed Financial Due Diligence Checks:
- ADI has a low debt to equity ratio of 0.38.
- There are more short-term assets than short-term liabilities on the ADI balance sheet.
- ADI earnings of $2.14B is not enough to cover its interest payments.
- Total ADI debt is lower than 5 years ago, relative to shareholder equity.
- ADI's operating cash flow of $3.99B allows it to safely service it's debt of $8.10B.
Failed Financial Due Diligence Checks:
- ADI profit margin has gone down from 29.2% to 17.1% in the past year.
- There are more long-term liabilities than short-term assets on the ADI balance sheet.
Is ADI stock a Buy, Hold, or Sell, according to analysts?
Out of 17 sell side analysts who monitor ADI, the consensus analyst rating on ADI is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest ADI Analyst Upgrades/Downgrades
Rick Schafer, a top 2% analyst from Oppenheimer reiterates ADI with a buy rating and maintains their ADI price target from $245.00 to $245.00, on Aug 22, 2024.
Blayne Curtis, a top 2% analyst from Barclays maintains ADI with a hold rating and raises their ADI price target from $235.00 to $250.00, on Jul 18, 2024.
Toshiya Hari, a top 1% analyst from Goldman Sachs maintains ADI with a strong buy rating and raises their ADI price target from $205.00 to $252.00, on May 28, 2024.
Tristan Gerra, a top 14% analyst from Baird maintains ADI with a buy rating and raises their ADI price target from $200.00 to $250.00, on May 24, 2024.
Christopher Danely, a top 5% analyst from Citigroup maintains ADI with a strong buy rating and raises their ADI price target from $220.00 to $250.00, on May 23, 2024.
Citigroup's Christopher Danely raised their price target on Analog Devices (NASDAQ: ADI) by 13.6% from $220 to $250 on 2024/05/23. The analyst maintained their Strong Buy rating on the stock.
Analog Devices reported its Q2 2024 earnings on 2024/05/22.
Danely attributed their price target move to the EPS beat, management's above-consensus guidance, and the fact that bookings improved during the quarter.
The analyst told readers that Citigroup also noted that Analog Devices' book-to-bill was above 1.0.
Looking ahead, Danely said that their firm believes "the company is about to experience one of the biggest sales and EPS expansions during inventory replenishment given its current low utilization rates."
Earnings Report
For Q2 2024, Analog Devices reported:
- EPS of $1.40, which beat the Zacks Consensus Estimate by 11.1% but missed, by 50.5%, Q2 2023's $2.83.
- Revenue of $2.16B, which beat the Zacks Consensus Estimate of $2.1B, but missed Q2 2023's $3.26B by 33.7%.
- The return of $675M to shareholders through dividends and stock repurchases in the quarter.
For Q3 2024, management guided:
- EPS to be $1.40 to $1.60.
- Revenue of $2.17B to $2.37B.
Chair & CEO Vincent Roche commented: “ADI delivered Q2 revenue above the midpoint of our outlook, despite continued macro and inventory headwinds.
"Further, the strength and resiliency of our business model, coupled with disciplined cost control, enabled us to achieve profitability and earnings per share above the high-end of our outlook.
“We believe inventory rationalization across our broad customer base is stabilizing, clearing a path for us to return to sequential growth in Q3.
"This, coupled with improving new orders, gives us optimism that we are at the beginning of a cyclical recovery.
“The continued proliferation of the Intelligent Edge presents ADI with numerous concurrent secular growth vectors.
"AI, where we have been increasing our investments, is expected to accelerate these trends as it increasingly extends from centralized applications in data centers to a myriad of applications at the physical edge.
"As a leader in real-world data creation, processing, and connectivity, our solutions are becoming increasingly important to customers in the AI-driven era.
"As such, my confidence in ADI’s ability to drive long-term value for all stakeholders remains resolute.”
You can dive deeper into what analysts are projecting on the Analog Devices stock forecast page.
ADI Technicals
Is ADI Making Money?
Last year, ADI earnings were $1.66B. Over the last 5 year, ADI's earnings have gone up by -3.59% per year. This was slower than the Semiconductors industry average of 45.83%.
Last year, ADI revenue was $9.70B. Over the last five year, ADI's revenue has grown by 9.78% per year. This was slower than the Semiconductors industry average of 35.85%.
You can research ADI's earnings and revenue performance here.
Who is buying/selling ADI?
Over the last 12 months, insiders at ADI have sold more shares than they have bought.
Gregory M. Bryant, EVP Pres. Global Bus. Units of ADI, was the latest ADI insider to sell. They sold $6,867,900.00 worth of ADI shares on Oct 1, 2024.
Learn more about who owns ADI shares here.
Can I get consistent income from ADI stock?
Analog Devices pays a dividend of 1.58%, compared to the Semiconductors industry's average dividend yield of 2.34%. If you owned $1,000 of ADI stock, you would have received $15.78 in the past year.
Analog Devices dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Analog Devices dividend yield and history here.
What do other traders have to say about ADI?
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Step 5: Execute your ADI buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Click the Open button and your broker will execute your order.
If you want more help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your ADI position
Now that you own some ADI stock, you'll want to stay up-to-date on your stock purchase.
Add ADI to a watchlist to track the most important metrics related to your ADI stock.
ADI Feed
How to Buy Stock in Analog Devices
To summarize, here are the 6 steps to buy stock in Analog Devices:
- Decide where to buy Analog Devices stock
- Open a brokerage account
- Put funds into your brokerage account
- Research Analog Devices stock
- Execute your ADI buy order
- Get the latest news on your ADI position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your investment in Analog Devices, click below.
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