Analog Devices (ADI) earnings, revenue top Q3 expectations

Analog Devices (ADI) PT Raised to $257 at Morgan Stanley

Morgan Stanley analyst Joseph Moore raised the price target on Analog Devices (NASDAQ: ADI) to $257.00 (from $250.00) while maintaining a Overweight rating.

The analyst comments "As we have seen across the analog space, the bottom is generally behind us, but the recovery... More

Analog Devices (ADI) PT Lowered to $255 at BofA Securities

BofA Securities analyst Vivek Arya lowered the price target on Analog Devices (NASDAQ: ADI) to $255.00 (from $260.00) while maintaining a Buy rating.

The analyst comments "Reiterate Buy, lower FY25/26E pf-EPS by -13%/-7% to $7.07/$8.43 on softer start to FY25 on sluggish autos recovery and consumer... More

Analog Devices (ADI) PT Raised to $280 at JPMorgan

JPMorgan analyst Harlan Sur raised the price target on Analog Devices (NASDAQ: ADI) to $280.00 (from $260.00) while maintaining a Overweight rating.

The analyst comments "Analog Devices reported better Jul-Qtr results, reflecting the start of the cyclical recovery off of the Apr-Qtr bottom. The team is seeing excess customer inventory normalize after undershipping consumption trends over the past several quarters. Bookings (excluding auto) were up Q/Q for the fourth consecutive quarter and overall book-to-bill in the quarter was ~1 suggesting a... More

Analog Devices (ADI) PT Raised to $254 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari raised the price target on Analog Devices (NASDAQ: ADI) to $254.00 (from $252.00) while maintaining a Buy rating.

The analyst comments "ADI reported a modest beat to FY3Q (July) FactSet consensus and provided a better-than-feared FY4Q (Oct) outlook, per... More

Deutsche Bank Reiterates Hold Rating on Analog Devices (ADI)

Deutsche Bank analyst Ross Seymore reiterated a Hold rating and $225.00 price target on Analog Devices (NASDAQ: ADI)

The analyst comments "The company delivered a solid report/guide, with a top-line beat in the July quarter ($2.3b vs. midpoint guide of $2.27b) and a solid raise in their October quarter guide (up ~+4% q/q at the midpoint). However, ADI's Industrial and Automotive segments both underperformed expectations in July (-3%/-1% vs. DBe, respectively), as... More

Analog Devices (ADI) PT Raised to $265 at Citi

Citi analyst Christopher Danely raised the price target on Analog Devices (NASDAQ: ADI) to $265.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "This morning, ADI reported solid results and guidance as the Industrial, Comms and Consumer businesses (combined 71% of F3Q24 sales)... More

Analog Devices (ADI) PT Raised to $275 at Stifel

Stifel analyst Tore Svanberg raised the price target on Analog Devices (NASDAQ: ADI) to $275.00 (from $265.00) while maintaining a Buy rating.

The analyst comments "We believe ADI is a formidable high-performance analog/mixed-signal powerhouse and the leading challenger to the current industry heavyweight, TXN. We also believe that ADI is positioned to outperform in a turbulent macro... More

Analog Devices (ADI) Tops Q3 EPS by 7c; offers guidance

Analog Devices (NASDAQ: ADI) reported Q3 EPS of $1.58, $0.07 better than the analyst estimate of $1.51. Revenue for the quarter came in at $2.31 billion versus the consensus estimate of $2.27 billion.

GUIDANCE:

Analog Devices sees Q4 2024 EPS of $1.53-$1.73, versus the consensus of... More

Analog Devices (ADI) call put ratio 1 call to 1.8 puts with focus on August 23 weekly 220 puts into quarter results

Analog Devices (NASDAQ: ADI) August 23 weekly call option implied volatility is at 69, September is at 34; compared to its 52-week range of 20 to 52 into the expected release of quarter results before the bell on August 21. Call put ratio 1 call to 1.8 puts with focus on August 23 weekly 220 puts.

Analog Devices (ADI) call put ratio 2.2 calls to 1 put into quarter results

Analog Devices (NASDAQ: ADI) August 23 weekly 225 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on August 21. Call put ratio 2.2 calls to 1 put.

Analog Devices (ADI) August 30 weekly 227 calls active into quarter results

Analog Devices (NASDAQ: ADI) August 23 weekly call option implied volatility is at 63, September is at 34; compared to its 52-week range of 20 to 52 into the expected release of quarter results before the bell on August 21. Call put ratio 4.3 calls to 1 put with focus on August 30 weekly 227 calls.

Stifel Reiterates Buy Rating on Analog Devices (ADI)

Stifel analyst Tore Svanberg reiterated a Buy rating and $265.00 price target on Analog Devices (NASDAQ: ADI).

The analyst comments "Expect revs in-line vs. our Jul Q est. (+5.1% q/q), consistent with management expectations for the prior Apr quarter to represent the... More

Analog Devices (ADI) call put ratio 1 call to 2.5 puts into quarter results

Analog Devices (NASDAQ: ADI) August 23 weekly 225 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on August 21. Call put ratio 1 call to 2.5 puts.