Why Analog Devices Stock Was Down This Week
Analog Devices (NASDAQ: ADI) shareholders lost ground to the market this week. The stock dropped 10% through Thursday trading, according to data provided by S&P Global Market Intelligence. That's compared to a 1% decline in the S 500. The semiconductor stock is still in positive territory so far in 2023, though, up 5%
Analog Devices' weekly decline was sparked by an earnings report that wasn't well received on Wall Street.
The company said on Wednesday that sales trends remained strong through early 2023. Revenue was up 20% in the first quarter, in fact. This growth powered solid earnings results as well. Analog Devices boosted its operating margin to 35% of sales from 31% of sales a year ago, and earnings per share was up 29%. "ADI continued to execute well in the second quarter," CEO Vincent Roche said in a press release, "with revenue growth for the 13th consecutive quarter and record earnings."
Source Fool.com
Roche Holding AG ADR Stock
With 3 Buy predictions and 3 Sell predictions the community is currently undecided on Roche Holding AG ADR.
As a result the target price of 38 € shows a slightly positive potential of 6.44% compared to the current price of 35.7 € for Roche Holding AG ADR.
