Analog Devices Stock Intrinsic Value – ANALOG DEVICES Reports Strong Financial Results for Third Quarter of FY2023
August 31, 2023
☀️Earnings Overview
For the third quarter of FY2023, ANALOG DEVICES ($NASDAQ:ADI) reported total revenue of USD 3076.5 million, a decrease of 1.1% compared to the same period last year. Net income was USD 877.0 million, a year-over-year increase of 17.1%.
Market Price
On Wednesday, ANALOG DEVICES reported strong financial results for the third quarter of Fiscal Year 2023. The stock opened at $168.6 and closed at $177.5, up 0.5% from its last closing price of $176.7. This marks the eighth consecutive quarter of earnings growth for the company. The financial results showed strong performance in key areas.
ANALOG DEVICES’ diversified portfolio of analog and mixed-signal semiconductors helped it to post such strong results. The company’s strategies to expand its product offering and open new markets have also contributed to its growth. The company appears to be on track for continued success in the coming quarters as well. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Analog Devices. More…
| Total Revenues | Net Income | Net Margin |
| 12.84k | 3.75k | 29.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Analog Devices. More…
| Operations | Investing | Financing |
| 4.78k | -1.09k | -4.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Analog Devices. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 49.35k | 13.44k | 72.05 |
Key Ratios Snapshot
Some of the financial key ratios for Analog Devices are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.5% | 43.3% | 33.7% |
| FCF Margin | ROE | ROA |
| 28.7% | 7.5% | 5.5% |
Analysis – Analog Devices Stock Intrinsic Value
GoodWhale has conducted an analysis of ANALOG DEVICES‘ wellbeing. Our proprietary Valuation Line shows that the intrinsic value of their share is around $218.1. However, the current market price of the stock is $177.5, representing a significant undervaluation of 18.6%. This represents a great opportunity for investors who are looking for a sound investment in the technology sector. More…
Peers
Analog Devices Inc’s competitors in the semiconductor industry are Texas Instruments Inc, ON Semiconductor Corp, and GLOBALFOUNDRIES Inc. All three companies are major players in the industry, and all three are competing for market share. Analog Devices Inc has a strong market position, but it is facing stiff competition from its rivals.
– Texas Instruments Inc ($NASDAQ:TXN)
Texas Instruments Inc has a market cap of 160.99B as of 2022, a Return on Equity of 46.03%. The company is a leading semiconductor manufacturer, with a focus on digital signal processing and analog technologies. Its products are used in a wide range of applications, including mobile phones, automotive electronics, industrial automation and consumer electronics. TI has a strong presence in the automotive market, with its chips used in a variety of safety and infotainment systems. The company is also a major supplier of chips for the industrial market, where its products are used in factory automation and process control systems.
– ON Semiconductor Corp ($NASDAQ:ON)
NXP Semiconductors Corp is a leading semiconductor company that provides a wide range of innovative products and services. Its products are used in a variety of applications, including automotive, industrial, consumer, and communications. The company has a strong focus on research and development, and its products are constantly evolving to meet the changing needs of its customers. NXP has a market cap of 30.95B as of 2022 and a return on equity of 24.5%. The company is well-positioned to continue its growth and success in the future.
– GLOBALFOUNDRIES Inc ($NASDAQ:GFS)
As of 2022, GLOBALFOUNDRIES Inc has a market cap of 33.87B and a Return on Equity of 7.08%. The company is a leading semiconductor foundry that manufactures advanced semiconductor devices for a wide range of customers.
Summary
Analog Devices, Inc. has reported impressive financial results for the third quarter of FY2023, ending on July 31st, 2023. Total revenue was USD 3076.5 million, a slight drop of 1.1% year-over-year, while net income increased significantly by 17.1% to USD 877.0 million. This strong performance is a positive sign for investors, suggesting that Analog Devices is managing their business efficiently and is able to generate profits despite the challenging economic conditions. Going forward, investors should keep an eye on the company’s quarterly performance, as well as any new developments that could affect the stock price.
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