Analog Devices (ADI) ended the recent trading session at $220.92, demonstrating a -1.65% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.51%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 0.93%.The semiconductor maker's shares have seen a decrease of 1.41% over the last month, surpassing the Computer and Technology sector's loss of 2.41% and falling behind the S&P 500's loss of 0.26%.The investment community will be payi ...

Specifically, the partnership will leverage Flagship Pioneering's unique innovation process and ADI's cutting edge semiconductor technologies, signal processing portfolio and physical world domain expertise to unlock deeply disruptive solutions and create new companies in the digital biology space. Initial areas of focus will include bioelectronic platforms, regenerative agriculture, novel applications of AI/ML, and preemptive health and medicine. Potential advancements may further drive next-generation pro ...

WILMINGTON, Mass., July 24, 2024 /PRNewswire/ -- July 24, 2024-- Analog Devices, Inc. (Nasdaq: ADI) today announced it will release financial results for the third quarter fiscal year 2024 at 7:00 a.m. Eastern time on Wednesday, August 21, 2024. Following the press release, the Company will host a conference call at 10:00 a.m. Eastern time, the same day. Vincent Roche, Chief Executive Officer and Chair, Richard Puccio, Executive Vice President and Chief Financial Officer, and Michael Lucarelli, Vice Preside ...

Nanotech stocks remain at the forefront of every tech-savvy investor’s portfolio, considering the predicted worldwide nanotechnology market size in 2024 is $91.18 billion. Analysts project market size will reach $332.73 billion by 2032, with a CAGR of 17.6%.In industry developments, nanomaterials are fast being embraced by the aerospace industry to produce smaller, more fuel-efficient aircraft components. The need for lightweight, high-strength materials that increase safety and performance while lowering c ...

Analog Devices (ADI) ended the recent trading session at $237.72, demonstrating a -0.35% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.28% for the day. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.4%.Shares of the semiconductor maker have appreciated by 3.19% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.22% and the S&P 500's gain of 3.78%.Analysts and investo ...

These companies are some of the best picks for semiconductor stocks to buy now. It’s an interesting time for companies in the semiconductor business. The rise of AI has brought growing demand for specialized, high-performance chips with it, and that’s translated into a small-scale gold rush of sorts for semiconductor chips.Semiconductor chips are electronic components that enable computing functions by controlling the flow of electrical signals. These chips are integral to the development of AI because they ...

Analog Devices (ADI) closed the most recent trading day at $233.74, moving -1.93% from the previous trading session. This change lagged the S&P 500's 0.88% loss on the day. Meanwhile, the Dow gained 0.08%, and the Nasdaq, a tech-heavy index, lost 1.95%.The semiconductor maker's stock has dropped by 0.05% in the past month, falling short of the Computer and Technology sector's gain of 9.48% and the S&P 500's gain of 5.11%.Analysts and investors alike will be keeping a close eye on the performance of Analog D ...

KALISPELL, Mont., June 27, 2024 (GLOBE NEWSWIRE) -- ClassOne Technology, a leading global provider of advanced electroplating and wet processing tools for microelectronics manufacturing, today announced it has delivered the first of two Solstice® S4 single-wafer processing systems ordered by Analog Devices, Inc. (NASDAQ:ADI) to its Beaverton, Ore., facility. The four-chamber ClassOne Solstice system facilitates improved performance for ADI's innovative analog/mixed-signal and digital signal processing (DSP) ...

It has been about a month since the last earnings report for Analog Devices (ADI) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Analog Devices due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Analog Devices Q2 Earnings Beat Estimates ...

Investment Rating - The report indicates a positive outlook for Analog Devices, Inc. (ADI) with expectations of recovery in the industrial market and improved financial performance in the upcoming quarters [1][10]. Core Insights - ADI's FY2024Q2 revenue was $2.159 billion, slightly above the guidance midpoint of $2.1 billion, despite a year-over-year decline of 33.8% and a quarter-over-quarter decline of 14.1% [4][14]. - The adjusted gross margin for FY2024Q2 was 66.7%, reflecting a decrease from the previous year, while net profit was $302 million, down 69.1% year-over-year [4][14]. - The company anticipates a revenue range of $2.17 to $2.37 billion for FY2024Q3, indicating a potential recovery in the industrial market [10][15]. Summary by Sections 1. Overall Revenue Situation - For FY2024Q2, ADI achieved revenue of $2.159 billion, which is a 14.1% decrease quarter-over-quarter and a 33.8% decrease year-over-year, but slightly above the guidance midpoint of $2.1 billion [4][5]. - The adjusted gross margin was 66.7%, with a net profit of $302 million, resulting in a net profit margin of 14% [4][14]. 2. Revenue Breakdown by End Market - Industrial market revenue was $1.015 billion, accounting for 47% of total revenue, with a year-over-year decline of 44% [7][8]. - Automotive market revenue was $658 million, representing 30% of total revenue, with a year-over-year decline of 10% [7][8]. - Communication market revenue was $241 million, accounting for 11% of total revenue, with a year-over-year decline of 45% [7][8]. - Consumer market revenue was $245 million, also 11% of total revenue, with a year-over-year decline of 9% [7][8]. 3. Company Performance Guidance - For FY2024Q3, ADI expects revenue between $2.17 billion and $2.37 billion, with adjusted EPS projected to be between $1.40 and $1.60 [10][15]. - The company anticipates a recovery in the industrial market and plans to continue reducing channel inventory, which is expected to enhance profitability [10][15]. 4. Capital Expenditure and Inventory - Capital expenditure for FY2024Q2 was $188 million, with an expected total of $700 million for the fiscal year [6]. - Inventory at the end of FY2024Q2 decreased by approximately $74 million, with inventory turnover days dropping from 201 to 192 days [6][14].