Professional
Added to YB: 2024-09-23
Pitch date: 2024-09-23
ADI [bullish]
Analog Devices, Inc.
+24.71%
current return
Author Info
No bio for this author
Company Info
Analog Devices, Inc. engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia.
Market Cap
$136.8B
Pitch Price
$223.98
Price Target
N/A
Dividend
1.42%
EV/EBITDA
28.15
P/E
61.25
EV/Sales
12.89
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Analog Devices ($ADI)
ADI: Strong 3Q24 with 7% QoQ growth, marking cycle bottom. China recovery, bookings up 4 straight quarters. Auto weak but poised for rebound on rate cuts & EV adoption. Efficient inventory management vs peers. Buy rating, valuation adjusted for auto uncertainty. Expect EBIT margin inflection as growth accelerates.