Professional
Added to YB: 2024-07-25
Pitch date: 2024-07-13
ADI [bullish]
Analog Devices, Inc.
+20.71%
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
$137.7B
Pitch Price
$231.40
Price Target
N/A
Dividend
1.41%
EV/EBITDA
28.34
P/E
61.69
EV/Sales
12.98
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Ensemble Capital Management Portfolio Holding: Analog Devices, Inc.
ADI: Analog semiconductor maker up 25% since May despite 33% Q rev drop. Cyclical weakening from post-pandemic inventory correction. Stock bottomed Oct'22 pre-rev peak early'23. Improving orders across segments/geographies. Anticipating rev/earnings growth as inventory depletes & demand resilient. New record highs on cycle bottom expectations.
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