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Analog Devices Inc ADI

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

No Surprise to Us That ADI-Maxim Will Be a Profitable Analog Leader; Maintain $152 FVE

Brian Colello, CPA Sector Director

Analyst Note

| Brian Colello, CPA |

We maintain our $152 fair value estimate for wide-moat Analog Devices as the company provided investors with updates on its ongoing capital allocation plans, long-term financial model, and fiscal fourth-quarter financial outlook, now that it has completed the acquisition of Maxim Integrated. The shares were flattish after the update, near $163, and still appear slightly overvalued to us.

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Company Profile

Business Description

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.

Contact
One Analog Way
Wilmington, MA, 01887
T +1 781 329-4700
Sector Technology
Industry Semiconductors
Most Recent Earnings Jul 31, 2021
Fiscal Year End Oct 31, 2021
Stock Type Cyclical
Employees 15,900

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