Analog Devices (ADI) Stock Moves -0.49%: What You Should Know

Analog Devices (ADI) closed the most recent trading day at $216.99, moving -0.49% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 1.11% for the day. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.49%.The semiconductor maker's stock has climbed by 0.41% in the past month, falling short of the Computer and Technology sector's gain of 5.27% and outpacing the S&P 500's gain of 0.4%.The investment community will be paying close attention to the earnings performance of Analog Devices in its upcoming release. In that report, analysts expect Analog Devices to post earnings of $1.54 per share. This would mark a year-over-year decline of 10.98%. Meanwhile, our latest consensus estimate is calling for revenue of $2.36 billion, down 6.18% from the prior-year quarter.For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.11 per share and a revenue of $10.17 billion, signifying shifts of +11.44% and +7.88%, respectively, from the last year.Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Analog Devices. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.19% lower within the past month. At present, Analog Devices boasts a Zacks Rank of #3 (Hold).With respect to valuation, Analog Devices is currently being traded at a Forward P/E ratio of 30.68. This indicates a discount in contrast to its industry's Forward P/E of 36.75.Investors should also note that ADI has a PEG ratio of 2.49 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Semiconductor - Analog and Mixed industry stood at 2.58 at the close of the market yesterday.The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 144, which puts it in the bottom 43% of all 250+ industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks