ADI Stock Summary and Trading Ideas (Analog Devices | NASDAQ:ADI)

Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.

Analog Devices trades on the NASDAQ stock market under the symbol ADI.

As of January 31, 2025, ADI stock price declined to $211.89 with 3,255,402 million shares trading.

ADI has a beta of 1.40, meaning it tends to be more sensitive to market movements. ADI has a correlation of 0.47 to the broad based SPY ETF.

ADI has a market cap of $105.20 billion. This is considered a Large Cap stock.

Last quarter Analog Devices reported $2 billion in Revenue and $1.67 earnings per share. This beat revenue expectation by $33 million and exceeded earnings estimates by $.03.

In the last 3 years, ADI traded as high as $244.14 and as low as $133.48.

The top ETF exchange traded funds that ADI belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.

ADI has underperformed the market in the last year with a price return of +12.1% while the SPY ETF gained +26.1%. ADI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.6% and -3.3%, respectively, while the SPY returned +6.2% and +0.7%, respectively.

ADI support price is $208.30 and resistance is $216.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADI shares will trade within this expected range on the day.