Analog Devices Inc. ($ADI) Stock Forecast: Down 5.0% Today

What is Analog Devices Inc.?

Analog Devices (ADI) is a semiconductor company listed on the NASDAQ. It is known for providing high-performance analog and digital signal processing integrated circuits.

Why is Analog Devices Inc. going down?

ADI stock is down 5.0% on Nov 27, 2024 14:36

• The bearish movement in ADI stock today could be attributed to profit-taking by investors after a series of positive news and earnings reports.
• Despite beating earnings and revenue estimates in the fourth quarter, the stock might have experienced a sell-off as investors locked in their gains.
• The bullish stance taken by market whales on ADI options might have initially driven up the stock price, leading to a subsequent correction.
• The cautiously optimistic outlook provided by Analog Devices in their earnings report could have also contributed to the mixed sentiment among investors, prompting some to take a more conservative approach towards the stock.

ADI Price Chart

ADI Technical Analysis

ADI News

Market Whales and Their Recent Bets on ADI Options - Analog Devices ( NASDAQ:ADI )

Whales with a lot of money to spend have taken a noticeably bullish stance on Analog Devices. Looking at options history for Analog Devices ADI we detected 12 trades. If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish ...

https://www.benzinga.com/insights/options/24/11/42199701/market-whales-and-their-recent-bets-on-adi-options

Analog Devices Q4 Earnings: Beats Estimates, Automotive Rebound, Cautiously Optimistic Outlook & More - Analog Devices ( NASDAQ:ADI )

Analog Devices, Inc ADI stock traded higher Tuesday after the company reported fiscal fourth-quarter results. The company's revenue declined 10% year-on-year to $2.44 billion, beating the analyst consensus estimate of $2.40 billion. Adjusted EPS of $1.67 beat the analyst consensus estimate of $1.64.

https://www.benzinga.com/24/11/42190381/analog-devices-q4-earnings-beats-estimates-automotive-rebound-outlook

Analog Devices ( ADI ) Beats Q4 Earnings and Revenue Estimates

Analog Devices (ADI) delivered earnings and revenue surprises of 1.83% and 1.51%, respectively, for the quarter ended October 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2375156/analog-devices-adi-beats-q4-earnings-and-revenue-estimates

Is It Worth Investing in Analog Devices ( ADI ) Based on Wall Street's Bullish Views?

According to the average brokerage recommendation (ABR), one should invest in Analog Devices (ADI). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?

https://www.zacks.com/stock/news/2373316/is-it-worth-investing-in-analog-devices-adi-based-on-wall-streets-bullish-views

Insights Into Analog Devices ( ADI ) Q4: Wall Street Projections for Key Metrics

Beyond analysts' top -and-bottom-line estimates for Analog Devices (ADI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.

https://www.zacks.com/stock/news/2373264/insights-into-analog-devices-adi-q4-wall-street-projections-for-key-metrics

Trending Today

Toncoin ($TON) Crypto Forecast: Up 10.7% Today

Hedera Hashgraph ($HBAR) Crypto Forecast: Up 5.9% Today

Bitcoin ($BTC) Crypto Forecast: Up 5.1% Today

XRP ($XRP) Crypto Forecast: Up 5.6% Today

Uniswap ($UNI) Crypto Forecast: Up 13.1% Today

Bittensor ($TAO) Crypto Forecast: Up 10.7% Today

Aave ($AAVE) Crypto Forecast: Up 13.7% Today

Pepe ($PEPE) Crypto Forecast: Up 10.9% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 6.8% Today

Cardano ($ADA) Crypto Forecast: Up 7.7% Today

Analog Devices Inc. Price History

21.07.2024 - ADI Stock was up 5.4%

• ADI stock saw an upward trend today following the release of its Q3 2024 financial results.
• The company disclosed revenues of $2.31 billion, exceeding expectations, and a GAAP EPS of $0.79.
• Surpassing estimates by $0.07 and outperforming revenue projections highlighted the company's robust financial performance.
• The favorable outcomes were likely a result of increased performance in the Industrial, Consumer, and Communications divisions, alongside strong operational and free cash flow generation.

26.10.2024 - ADI Stock was up 5.0%

• ADI reported fiscal fourth-quarter results that exceeded analyst expectations, with revenue beating estimates despite a year-on-year decline.
• The company's adjusted EPS also surpassed analyst consensus, indicating strong financial performance.
• Positive investor sentiment and Wall Street's bullish views on ADI's future prospects likely contributed to the stock's bullish movement.
• Despite ongoing macro headwinds, ADI's performance in key metrics and optimistic outlook have instilled confidence in investors, driving the stock higher.

06.10.2024 - ADI Stock was up 5.0%

• ADI experienced a robust upward movement today, surpassing the overall market performance.
• Demonstrating consistent outperformance over the past decade, with an average annual return of 16.2%, ADI has likely caught the attention of investors seeking stability and profitability.
• Positive sentiment towards ADI appears to be influenced by its strong market position, innovative product offerings, and growth potential in the semiconductor sector.
• Investor optimism regarding ADI's future outlook may be contributing to increased buying activity and the resulting uptrend in the stock price.

19.08.2024 - ADI Stock was up 5.0%

• ADI partnered with Tata Group for semiconductor manufacturing in India.
• The collaboration is expected to open new markets and boost production capacity.
• The news about expanding manufacturing in India may have influenced the positive movement in ADI's stock price.

15.09.2024 - ADI Stock was down 2.2%

• The bearish movement in ADI today could be attributed to profit-taking after a period of outperformance, as the stock has historically delivered an average annual return of 9.56% over the past 20 years.
• The launch of CodeFusion Studio, a new developer-centric offering, may have initially sparked investor interest, but concerns over stretched valuation likely led to a sell-off.
• Investors might be cautious about the stock's future performance despite the innovative product offerings, as indicated by the market's reaction to the news.

31.09.2024 - ADI Stock was down 5.0%

• Despite the overall market improving, ADI experienced a decline in its stock price.
• The slight decrease in ADI's stock price could be attributed to profit-taking by investors after a period of gains.
• It's possible that investors are reevaluating their positions in semiconductor stocks, leading to a temporary dip in ADI's stock price.
• The broader market trend may have influenced ADI's movement, but specific company-related news or developments could also be contributing factors to the bearish movement.

22.04.2024 - ADI Stock was up 9.5%

• ADI saw a significant uptrend in trading today for the following reasons:
• Strong Q2 results and optimistic Q3 guidance pointing to improving demand.
• Exceeding both EPS and revenue projections for Q2 2024, demonstrating robust financial performance.
• Favorable market sentiment towards semiconductor firms like ADI post-earnings, in contrast to potential concerns regarding Nvidia's upcoming financials and AI market trends.
• CEO Vincent Roche's positive remarks on earnings and the company's strategic direction during an appearance on CNBC's 'Money Movers', enhancing investor confidence in ADI's future potential.

27.10.2024 - ADI Stock was down 5.0%

• The bearish movement in ADI stock today could be attributed to profit-taking by investors after a series of positive news and earnings reports.
• Despite beating earnings and revenue estimates in the fourth quarter, the stock might have experienced a sell-off as investors locked in their gains.
• The bullish stance taken by market whales on ADI options might have initially driven up the stock price, leading to a subsequent correction.
• The cautiously optimistic outlook provided by Analog Devices in their earnings report could have also contributed to the mixed sentiment among investors, prompting some to take a more conservative approach towards the stock.

08.07.2024 - ADI Stock was up 5.1%

• ADI had a bullish movement despite broader market trends, closing higher than the previous trading session.
• The options frenzy surrounding ADI, with high-rolling investors positioning themselves bearish, may have created volatility but did not deter the bullish momentum.
• The positive sentiment towards ADI could be attributed to the company's resilience in the face of market challenges, as highlighted by the bearish options activity.
• While other companies like Trimble and Teradata reported mixed earnings results, ADI's bullish movement suggests that investors are optimistic about its future growth prospects and value proposition.

01.07.2024 - ADI Stock was down 5.4%

• Profit-taking by investors might explain the bearish movement in Analog Devices (ADI) today following a positive uptrend.
• FormFactor (FORM) has outperformed expectations in earnings and revenue, potentially diverting investor attention from Analog Devices.
• Cautious client spending and declining revenue from Cognizant (CTSH) could suggest weaker demand for semiconductor products, impacting ADI's stock price.
• Elevated put options volume on Analog Devices, as highlighted by an options scanner, may indicate a bearish sentiment among traders prompting increased selling pressure.

02.07.2024 - ADI Stock was down 7.4%

• Options market activity indicated a bearish sentiment with a higher volume of put options being traded.
• Despite outperforming the market in the previous session, ADI saw significant bearish movement today.
• The bearish trend may be linked to cautious client spending and a challenging macroeconomic environment affecting companies like Cognizant, leading to a broader negative sentiment in the semiconductor industry.
• Higher revenues reported by FormFactor and Fair Isaac may have accentuated ADI's underperformance, further contributing to the bearish movement.

02.07.2024 - ADI Stock was down 5.2%

• The bearish movement in ADI stock today could be attributed to:
• Weak market sentiment in the semiconductor industry, possibly influenced by:
• Cognizant's Q2 earnings beat but with revenues down due to a challenging macroeconomic environment and cautious client spending.
• Arrow Electronics' Q2 earnings beat but with lower revenues and unfavorable foreign currency exchange rates.
• Investors may be concerned about the overall economic outlook, leading to profit-taking and selling pressure on ADI shares.
• The positive earnings reports from other companies like Paylocity and FormFactor may have shifted investor focus away from semiconductor stocks, impacting ADI's performance negatively.