Analog Devices (ADI)

• Market cap: $97B
• 1 day: 1.58%
• 5 days: 15.28%
• 1 month: 26.92%
• 3 months: 8.28%
• 6 months: 6.50%
• Year to date: 7.25%
• 1 year: 8.78%
• 5 years: 118.38%
• 10 years: 264.20%
• Sector: Technology
• Industry: Semiconductors

About: 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; more than half of its chip sales are to industrial and automotive end markets. ADI's chips are also incorporated into wireless infrastructure equipment.

Employees: 24,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

74% more first-time investments, than exits

New positions opened: 191 | Existing positions closed: 110

2% more funds holding

Funds holding: 1,638 [Q3] → 1,678 (+40) [Q4]

1.72% more ownership

Funds ownership: 86.47% [Q3] → 88.19% (+1.72%) [Q4]

6% more repeat investments, than reductions

Existing positions increased: 630 | Existing positions reduced: 597

5% less capital invested

Capital invested by funds: $98.6B [Q3] → $93.8B (-$4.81B) [Q4]

14% less call options, than puts

Call options by funds: $918M | Put options by funds: $1.06B

23% less funds holding in top 10

Funds holding in top 10: 48 [Q3] → 37 (-11) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $155 32% downside
• Avg. target: $242 7% upside
• High target: $300 32% upside

11 analyst ratings

• positive: 7 64%
• neutral: 3 27%
• negative: 1 9%

UBS Timothy Arcuri 39% 1-year accuracy 15 / 38 met price target	30% upside $295	Buy Maintained	12 May 2025
Seaport Global Jay Goldberg 33% 1-year accuracy 2 / 6 met price target	32% downside $155	Sell Initiated	30 Apr 2025
Barclays Tom O'Malley 41% 1-year accuracy 19 / 46 met price target	25% downside $170	Equal-Weight Maintained	22 Apr 2025
Stifel Tore Svanberg 45% 1-year accuracy 25 / 55 met price target	1% downside $225	Buy Maintained	17 Apr 2025
Citigroup Christopher Danely 51% 1-year accuracy 25 / 49 met price target	4% upside $235	Buy Maintained	11 Apr 2025