A1DI34 trade ideas
$ADI Breakout$SMH broke out today and looking for components to push for breakout as well. Thinking of names like $ON $STM $AVGO $LRCX $AMD $MU but it cannot be denied that $ADI chart may be the strongest of them all.
$ADI in a nice consolidation-continuation pattern as it tests all time highs. Go long as $SMH breaks out for a nice potential breakout in $ADI.
BUY To ANALOG DEVICES at market openning
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Await breakout in Analog Devices $ADI
Stock jumps after earnings but failed to breakout.
Order placed above previous high
Analog Devices (NASDAQ:ADI) +5.2% reports Q1 results that beat on earnings but narrowly missed on revenue.
For Q2, ADI sees revenue of $1.35B (consensus: $1.38B), plus or minus $50M, which was reduced by $70M to account for the potential coronavirus impact. At the revenue midpoint, the company expects operating margins of 37.5% (+/-100 bps) and EPS of $1.10 (+/-$0.08; consensus: $1.13).
Q1 revenue breakdown: Industrial, $684.9M (-7%); Communications, $239.9M (-31%); Auto, $205.3M (-16%); Consumer, $173.4M (-20%).
Gross margin was 68.5% compared to the 68.9% consensus. Operating margin was 36.9%, down from last year's 41.2%.
Source seeking alpha
ADI - an eye catching balance sheet with an 28.5% Opr.Margin#ADI
Analog Devices had a recent move from 105 to 115 in the last two weeks. Further move towards 125 should/can be expected as the fundamentals in balance sheet looks brilliant.
Debt-to-Equity Ratio = 0.47
Operating Margin = 28.55%
DIV Expected = 2.15
Analog devices bullish pre earnings. Symmetrical triangle has developed in the stock and despite some negative option trading we think a break to the upside is coming.
Given the range maybe its wise to place some shorts below major support.
Indicators are bullish having already bottomed and the volume is very impressive.
P/E ratio 27.88
Company profile
Analog Devices, Inc. engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Norwood, MA.