The latest trading session saw Analog Devices (ADI) ending at $194.74, denoting a -1.25% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.The the stock of semiconductor maker has fallen by 0.68% in the past month, lagging the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.Market participants will be closely following the financi ...

Key PointsSemiconductor stocks, on a long-term uptrend since October 2022, are continuing their rally.Taiwan Semiconductor kicked off a fresh bout of buying after providing a higher-than-expected full-year outlook on AI-related revenue.Chip gear maker ASML gapped up after saying it expected 2024 to be a year of setting up for bigger increases in 2025. 5 stocks we like better than AlphabetSemiconductor stocks are on a long-term uptrend that began on October 22, with analysts seeing more room for the sector t ...

WILMINGTON, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (Nasdaq: ADI) today announced that Richard C. Puccio, Jr. will join the company on February 5, 2024 as Executive Vice President and Chief Financial Officer. In this role, Mr. Puccio will set ADI’s financial strategy and lead the company’s global finance operations. Mr. Puccio will report to CEO and Chair Vincent Roche. ​“Rich brings tremendous experience and capability from his more than three decades of leading financial advisory and high-growth b ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Analog Devices (ADI) is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed signal and digital signal processing (DSP) integrated circuits. The Zacks Consensus Estimate for its current year earnings has been revised almost 15.7% downward over the last 60 days.KB Financial Group (KB) is a commercial bank in Korea which provides credit and related financial services to individuals and small and mediu ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Amplifon (AMFPF) is a provider of hearing solutions and services. The Zacks Consensus Estimate for its current year earnings has been revised almost 18.2% downward over the last 60 days.Analog Devices (ADI) is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed signal and digital signal processing (DSP) integrated circuits. The Zacks Consensus Estimate for its current year earnings has been revised ...

Core Insights - Analog Devices (ADI) has partnered with SambaNova Systems to implement the SambaNova Suite, an enterprise-scale generative AI platform aimed at enhancing field sales and customer enablement [1] - The partnership is expected to strengthen ADI's position in the industrial and automotive sectors, leveraging its analog and mixed-signal enterprise solutions [1] Competitive Landscape - ADI faces significant competition from companies like Synopsys and Intel, both of which are integrating generative AI into their semiconductor offerings [2] - Synopsys has partnered with Microsoft to launch Synopsys.ai Copilot, a generative AI-driven Electronic Design Automation suite [2] - Intel has formed Articul8 AI with DigitalBridge Group, providing a secure generative AI software platform optimized for enterprise customers [3] Financial Performance and Projections - The Zacks Consensus Estimate projects ADI's total revenues for 2024 at $61.14 billion, reflecting a year-over-year growth of 12.7% [4] - The consensus estimate for 2024 earnings is $1.85 per share, indicating a substantial year-over-year growth of 94.7% [4] Product Development and Investments - ADI has launched the Apollo MxFE platform, designed to accelerate design cycles and reduce costs for customers [4] - The company announced a €630 million investment in its European headquarters in Limerick, Ireland, which will enhance its wafer production capacity and create 600 new jobs [5] - ADI's introduction of a fully integrated open radio unit reference design platform allows for customization in hardware and software for radio units [6]

WILMINGTON, Mass. & PALO ALTO, Calif.--(BUSINESS WIRE)--Analog Devices, Inc. (Nasdaq: ADI), global semiconductor leader, and SambaNova Systems, makers of the only purpose-built, full-stack AI platform, announced that ADI is deploying SambaNova Suite to spearhead its global AI transformation, making AI pervasive enterprise-wide. “ADI is synonymous with innovation, and we have a legacy of technology leadership in bridging our physical and digital worlds for the benefit of our planet and its people,” said A ...

Olivier Le Moal I'm happy to be back writing articles here on Seeking Alpha. Due to some major life changes, I have taken a brief hiatus as of late, but I am looking forward to publishing articles frequently once again. As readers of my past articles may know, my investment philosophy and focus is centered around dividend growth investing (DGI) and long-term investments in stable, profitable companies. As I've grown as an investor, I have continued to gain knowledge on responsible and efficient compounding ...

Fahroni Investment action I recommended a buy rating for Analog Devices, Inc. (NASDAQ:ADI) when I wrote about it the last time, as I believed ADI was the leader in the energy storage and automotive electrification sectors. The ongoing progress made back then in innovation and positioning itself to be aligned with environmentally friendly transportation should drive growth and margin expansion. Based on my current outlook and analysis of ADI, I recommend a buy rating. I believe FY24 might be the trough for t ...

Analog Devices, Inc. (NASDAQ:ADI) 2023 UBS Global Technology Conference Call November 28, 2023 4:55 PM ET Company Participants Vincent Roche - Chairman and Chief Executive Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Good afternoon. We are going to start our next session and we are pleased to have Analog Devices for our next session and we are pleased to have Vincent Roche, CEO and the Chairman of the Board of Directors. So thank you, Vincent. Vincent Roche Thank you, Tim, for ha ...