Analog Devices 株価情報 (NASDAQ: ADI)

最新ニュース Analog Devices (NASDAQ:ADI) 株価情報

Analog Devices

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.

Analog Devices Inc

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Investors with a lot of money to spend have taken a bearish stance on Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ADI, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Analog Devices.
This isn't normal.
The overall sentiment of these big-money traders is split between 23% bullish and 76%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $40,046, and 12, calls, for a total amount of $451,585.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $175.0 and $200.0 for Analog Devices, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Analog Devices options trades today is 341.14 with a total volume of 973.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Analog Devices's big money trades within a strike price range of $175.0 to $200.0 over the last 30 days.
<h3>Analog Devices Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745431271_0_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$22.8</td>
<td>$21.3</td>
<td>$21.3</td>
<td>$175.00</td>
<td>$48.9K</td>
<td>80</td>
<td align="right">24</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$21.7</td>
<td>$21.3</td>
<td>$21.3</td>
<td>$175.00</td>
<td>$46.8K</td>
<td>80</td>
<td align="right">46</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$19.6</td>
<td>$17.8</td>
<td>$18.21</td>
<td>$200.00</td>
<td>$45.5K</td>
<td>183</td>
<td align="right">49</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$20.2</td>
<td>$17.8</td>
<td>$17.8</td>
<td>$200.00</td>
<td>$42.7K</td>
<td>183</td>
<td align="right">24</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$17.7</td>
<td>$16.6</td>
<td>$16.82</td>
<td>$195.00</td>
<td>$40.0K</td>
<td>1.2K</td>
<td align="right">24</td>
</tr>
</tbody>
</table>

<h3>About Analog Devices</h3>
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.
In light of the recent options history for Analog Devices, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Analog Devices</h3>
<ul>
<li>Currently trading with a volume of 1,972,346, the ADI's price is up by 3.74%, now at $185.18. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 28 days.</li>
</ul>
<h3>What The Experts Say On Analog Devices</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $210.0.
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&#x2A; Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for Analog Devices, targeting a price of $225. 
&#x2A; An analyst from Citigroup has decided to maintain their Buy rating on Analog Devices, which currently sits at a price target of $235. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Analog Devices, targeting a price of $170. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Analog Devices with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

Markets

What the Options Market Tells Us About Analog Devices

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Shares of chip and semiconductor companies are trading higher amid overall market strength after President Trump said he had no intention of firing Fed Chair Powell. Additionally, Trump indicated the final tariff rate would be less than the current 145% but not 0%. A reduction in tariffs could reduce trade and supply chain uncertainty, which have weighed on the sector this year.

11 analysts have shared their evaluations of Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">5</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $250.73, along with a high estimate of $300.00 and a low estimate of $170.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 0.62%. 
<img src="https://www.benzinga.com/files/images/story/2025/1745359250_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of Analog Devices's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Tom O'Malley &#x7C;Barclays &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $170.00&#x7C;$240.00 &#x7C; 
&#x7C;Tore Svanberg &#x7C;Stifel &#x7C;Lowers &#x7C;Buy &#x7C; $225.00&#x7C;$275.00 &#x7C; 
&#x7C;Christopher Danely &#x7C;Citigroup &#x7C;Lowers &#x7C;Buy &#x7C; $235.00&#x7C;$265.00 &#x7C; 
&#x7C;Rick Schafer &#x7C;Oppenheimer &#x7C;Raises &#x7C;Outperform &#x7C; $270.00&#x7C;$245.00 &#x7C; 
&#x7C;William Stein &#x7C;Truist Securities &#x7C;Raises &#x7C;Hold &#x7C; $248.00&#x7C;$230.00 &#x7C; 
&#x7C;Harlan Sur &#x7C;JP Morgan &#x7C;Raises &#x7C;Overweight &#x7C; $300.00&#x7C;$280.00 &#x7C; 
&#x7C;Timothy Arcuri &#x7C;UBS &#x7C;Raises &#x7C;Buy &#x7C; $300.00&#x7C;$275.00 &#x7C; 
&#x7C;Joe Quatrochi &#x7C;Wells Fargo &#x7C;Raises &#x7C;Equal-Weight &#x7C; $240.00&#x7C;$220.00 &#x7C; 
&#x7C;Joseph Moore &#x7C;Morgan Stanley &#x7C;Raises &#x7C;Overweight &#x7C; $250.00&#x7C;$248.00 &#x7C; 
&#x7C;David Williams &#x7C;Benchmark &#x7C;Raises &#x7C;Buy &#x7C; $275.00&#x7C;$245.00 &#x7C; 
&#x7C;David Williams &#x7C;Benchmark &#x7C;Announces &#x7C;Buy &#x7C; $245.00&#x7C;- &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Analog Devices. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Analog Devices compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Analog Devices's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Analog Devices's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/ADI/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Analog Devices analyst ratings.</a>
<h2>Discovering Analog Devices: A Closer Look</h2>
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.
<h3>Understanding the Numbers: Analog Devices's Finances</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3M period, Analog Devices faced challenges, resulting in a decline of approximately -3.56% in revenue growth as of 31 January, 2025. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Analog Devices's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 16.15%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Analog Devices's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.11%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.81%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Analog Devices's debt-to-equity ratio is below the industry average. With a ratio of 0.22, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Analog Devices Stock: Analyst Perspectives (11 Ratings)

Barclays analyst Tom O'Malley maintains Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) with a Equal-Weight and lowers the price target from $240 to $170.

News

Price Target

Barclays Maintains Equal-Weight on Analog Devices, Lowers Price Target to $170

Analog Devices's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NYSE">ADI</a>) short percent of float has fallen 15.12% since its last report. The company recently reported that it has 7.24 million shares sold short, which is 1.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.35 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Analog Devices Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745265622_0_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Analog Devices has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Analog Devices's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Analog Devices's peer group average for short interest as a percentage of float is 5.41%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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What Does the Market Think About Analog Devices?

Stifel analyst Tore Svanberg maintains Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) with a Buy and lowers the price target from $275 to $225.

Stifel Maintains Buy on Analog Devices, Lowers Price Target to $225

The <a href="https://www.benzinga.com/topic/semiconductors">semiconductor sector</a> is bracing for a shakeup, and JPMorgan&#8217;s Harlan Sur isn't mincing words. "Expect in-line results but tariff/trade related dynamics to drive weaker 2Q/2H25 and negative earnings revision cycle." That's Wall Street-speak for buckle up &#8211; it's about to get bumpy.
<h2 class="wp-block-heading">Tariff Troubles: A 15-25% EPS Trim Ahead?</h2>
As first-quarter earnings begin to roll in, Sur says the Street should prepare for a "kick off negative earnings revision cycle," with forward EPS estimates potentially being slashed by 15-25% over the next few quarters. Investors hoping that semi stocks had already hit bottom after a ~25% tariff-driven slump may be in for another jolt &#8211; Sur sees another 10-15% downside from here.
But this isn't just about numbers. The broader concern is about confidence, or lack thereof. "Rapidly changing tariff headlines are negatively impacting consumer and business confidence," Sur notes, with turn business — which can make up 20-30% of guidance &#8211; now at risk due to reduced visibility. Add in China's latest tariff volley against U.S.-fabricated chips, and names like Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Qorvo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>), and Skyworks Solutions Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) suddenly look exposed.
Read Also: <a href="https://benzinga.com/trading-ideas/long-ideas/25/04/44818578/qorvo-stock-bounces-but-charts-still-bearish-starboards-jeffrey-smith-sees-a-comeback-play">Qorvo Stock Bounces, But Charts Still Bearish &#8211; Starboard&#8217;s Jeffrey Smith Sees A Comeback Play</a>
<h2 class="wp-block-heading">AI And Datacenter: The Only Bright Spots</h2>
That said, JPMorgan isn't throwing out the entire chip basket. Sur urges a "selective" approach, spotlighting Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Marvell Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) as top picks &#8211; all tied closely to AI and data infrastructure. These are the companies best positioned to ride the "strong demand in accelerated compute/AI," even if GPU giants like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) face potential downside from tightening China restrictions and "upcoming AI diffusion rules."
<h2 class="wp-block-heading">EDA, Semicap: Downturn-Proof Darlings</h2>
In the tools-of-the-trade corner, KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) and Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) also earn JPM's stamp of approval. EDA players like Synopsys are seen as resilient. "R&amp;D budgets don't get cut in downturns," Sur says, a mantra every long-term investor in chip design software should pin to their monitors.
Meanwhile, the "flat-to-down" outlook for WFE (wafer fab equipment) in 2025 spells more caution for semicap names, though JPMorgan still favors Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), KLA Corp, and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) &#8211; all expected to outperform thanks to "rising capital intensity" and growing service revenue.
<h2 class="wp-block-heading">The Down-Cycle Playbook Moment Is Here</h2>
The macro backdrop remains fraught. JPM economists now peg the chance of a <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44645681/jpmorgan-raises-recession-risk-to-60-as-largest-us-tax-hike-in-60-years-hits-global-economy">U.S. recession at 60%</a>, as the tariff storm clouds hang heavy. Demand pull-forward in smartphones might make the first quarter look fine, but "incremental conservatism" is expected to dominate the second quarter and H2 guidance.
Bottom line? 
This is a "down-cycle playbook" moment. The sector's long-term structural story — AI, content tailwinds, and rising chip complexity — remains intact. But for now, it's all about threading the needle between "inevitable slowdown" and the pockets of AI-driven strength.
And as Sur says, "remain selective on stocks."
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44823070/us-recession-fears-are-intensifying-but-is-bitcoin-the-real-flight-to-safety-expert-weighs-in">US Recession Fears Are &#8216;Intensifying&#8217; — But Is Bitcoin The Real Flight To Safety? Expert Weighs In</a></li>
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Photo: Shutterstock

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Broadcom, Marvell, Synopsys: The Chips That Might Not Crumble In The Coming Storm

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Shares of chip stocks are trading lower after NVIDIA said it was recently informed by the US government that it will need a license to export chips to China. Additionally, warned that tariffs have increased uncertainty surrounding the company's outlook, which may be adding to the weakness across the board.

In the current market session, Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) price is at $179.54, after a 0.53% spike. However, over the past month, the stock decreased by 14.16%, and in the past year, by 5.22%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1744754420_0.png" alt="Past Year Chart" />

<h3>How Does Analog Devices P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Analog Devices has a lower P/E than the aggregate P/E of 111.96 of the Semiconductors &amp; Semiconductor Equipment industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1744754420_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Analog Devices

China&#8217;s retaliatory tariffs on U.S. imports seek to relieve <a target="_blank" href="https://www.benzinga.com/topic/chip-stocks" rel="noreferrer noopener">U.S. chipmakers that</a> outsource manufacturing, Reuters reported Friday, citing the China Semiconductor Industry Association (CSIA).
For U.S. chip designers such as Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) that outsource manufacturing to Taiwanese contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Chinese customs authorities will classify these chips&#8217; place of origin as Taiwan, exempting them of China&#8217;s retaliatory tariffs on U.S. imports, Reuters cited EETop. 
AMD and Taiwan Semiconductor stocks gained on Friday after the update.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44744276/amazon-cancels-china-orders-as-tariffs-bite-vendors-to-hike-us-prices" rel="noreferrer noopener">Amazon Cancels Some China Orders After Tariffs, Vendors To Hike US Prices</a>
Meanwhile, Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), and ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), which operate their U.S.-based fabs could be liable for tariff rates of 84% or higher as per CSIA. The update sent the stock prices sliding on Friday.
Beijing on Friday retaliated against the 145% U.S. tariff duties by increasing its tariffs on U.S. imports to 125%.
Also, this week, Trump&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/25/04/44725578/technology-stocks-outperform-after-trumps-tariff-pause-microchip-technology-amd-lead-sector-higher" rel="noreferrer noopener">announced that he</a> would pause tariffs on countries that have not retaliated against U.S. trade measures for 90 days.
Wedbush&#8217;s&nbsp;Dan Ives&nbsp;expected&nbsp;&#8220;massive negotiations&#8221; and highlighted China as the &#8220;biggest wild card&#8221; for markets.&nbsp;
Taiwan Semiconductor <a target="_blank" href="https://www.benzinga.com/25/04/44732800/taiwan-semiconductor-reports-255-billion-q1-revenue-surges-42-in-despite-us-tensions" rel="noreferrer noopener">launched an additional</a> $100 billion&nbsp;investment&nbsp;in U.S. chipmaking (on top of $65 billion in April 2024) to escape Trump&#8217;s wrath for allegedly &#8220;stealing&#8221; the U.S. semiconductor business, leading to massive trade deficits for Washington.
Trump also criticized Taiwan for its lack of a defense treaty, as the U.S. is a key military backer of Taiwan. The President suggested scrapping U.S. subsidies to chipmakers like Taiwan Semiconductor to build fabs in the country to boost its semiconductor position.
Price Action: INTC is down 3.24% to $19.24 and TSM is up 3.96% to $156.95 at the last check on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44761003/sony-nintendo-hike-console-prices-as-us-tariffs-bite-microsoft-may-dodge-the-hit" target="_blank" rel="noreferrer noopener">Sony, Nintendo Hike Console Prices As US Tariffs Bite, Microsoft May Dodge The Hit</a></li>
</ul>
Photo via Shutterstock

Asia

Government

Regulations

Media

China Hits US-Made Chips With Tariffs, But Those Outsourcing To Taiwan Semiconductor Exempt

ACMR

AMBA

ASYS

CRUS

ENPH

HIMX

ICHR

KLIC

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Shares of chip stocks are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

ACLS

INDI

RMBS

SLAB

TSEM

VECO

Shares of chip stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$100.00</td>
<td>$27.5K</td>
<td>45.2K</td>
<td>84.3K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$170.00</td>
<td>$45.5K</td>
<td>12.7K</td>
<td>10.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/11/25</td>
<td>$220.00</td>
<td>$33.8K</td>
<td>4.0K</td>
<td>5.7K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/11/25</td>
<td>$67.00</td>
<td>$30.0K</td>
<td>3.0K</td>
<td>2.7K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$130.00</td>
<td>$25.2K</td>
<td>286</td>
<td>2.1K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$78.00</td>
<td>$50.0K</td>
<td>2.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$430.00</td>
<td>$63.4K</td>
<td>1.0K</td>
<td>301</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$185.00</td>
<td>$62.0K</td>
<td>887</td>
<td>282</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/11/25</td>
<td>$250.00</td>
<td>$140.5K</td>
<td>1.3K</td>
<td>280</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$210.00</td>
<td>$48.5K</td>
<td>0</td>
<td>115</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on April 11, 2025. Parties traded 37 contract(s) at a $100.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $745.0 per contract. There were 45277 open contracts at this strike prior to today, and today 84353 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be bearish, expiring in 8 day(s) on April 17, 2025. This event was a transfer of 100 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $455.0 per contract. There were 12791 open contracts at this strike prior to today, and today 10600 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with neutral sentiment. It expires in 2 day(s) on April 11, 2025. Parties traded 101 contract(s) at a $220.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.8K, with a price of $335.0 per contract. There were 4006 open contracts at this strike prior to today, and today 5727 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on April 11, 2025. This event was a transfer of 160 contract(s) at a $67.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $188.0 per contract. There were 3087 open contracts at this strike prior to today, and today 2716 contract(s) were bought and sold. 
• Regarding QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we observe a call option trade with neutral sentiment. It expires in 8 day(s) on April 17, 2025. Parties traded 55 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $459.0 per contract. There were 286 open contracts at this strike prior to today, and today 2188 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option trade that happens to be neutral, expiring in 8 day(s) on April 17, 2025. This event was a transfer of 100 contract(s) at a $78.00 strike. The total cost received by the writing party (or parties) was $50.0K, with a price of $500.0 per contract. There were 2187 open contracts at this strike prior to today, and today 1020 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 254 day(s) on December 19, 2025. This event was a transfer of 38 contract(s) at a $430.00 strike. The total cost received by the writing party (or parties) was $63.4K, with a price of $1670.0 per contract. There were 1039 open contracts at this strike prior to today, and today 301 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option trade that happens to be bearish, expiring in 163 day(s) on September 19, 2025. This event was a transfer of 40 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $1550.0 per contract. There were 887 open contracts at this strike prior to today, and today 282 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on April 11, 2025. Parties traded 50 contract(s) at a $250.00 strike. The total cost received by the writing party (or parties) was $140.5K, with a price of $2810.0 per contract. There were 1315 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold. 
• Regarding ADI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), we observe a call option sweep with bearish sentiment. It expires in 100 day(s) on July 18, 2025. Parties traded 113 contract(s) at a $210.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $48.5K, with a price of $430.0 per contract. There were 0 open contracts at this strike prior to today, and today 115 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

MSFT

MSTR

PLTR

10 Information Technology Stocks With Whale Alerts In Today's Session

OLED

Shares of chip stocks are trading lower amid an overall market reversal on US-China trade tensions.

Shares of chip stocks are trading higher amid overall market volatility. Stocks across sectors have been volatile on Monday, with tech stocks rebounding following earlier weakness.

<a href="https://www.benzinga.com/topic/semiconductors">Semiconductors may power</a> everything from Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) cars to toothbrushes, but they can't outrun geopolitics.
With trade tensions heating up again, chip stocks have already taken a 25–30% hit, and JPMorgan analyst Harlan Sur says, &#8220;We see the potential for further ~10% downside (range of 5-15%) over the next six months.&#8221;
The good news? That may be the final flush before a rebound.
<h2 class="wp-block-heading">Tariffs Aren't The Problem &#8211; Demand Destruction Is</h2>
Despite investor jitters, Sur says the direct impact of tariffs on chipmakers is minimal. Most U.S.-designed chips are manufactured and tested abroad, not directly shipped into the U.S., shielding them from most tariff crossfire. Even China's retaliatory moves barely dent the sector directly.
Instead, the real problem lies in sticker shock. With end-products like smartphones and cars expected to rise 5–10% in price, consumers may start pulling back. A $300-more-expensive iPhone or a costlier EV could stall demand, ultimately hurting semiconductor sales.
Inventory caution from buyers only adds to the pressure.
Read Also: <a href="https://www.benzinga.com/25/04/44644871/nvidia-slips-into-bearish-trend-as-hsbc-downgrades-ai-giant">Nvidia Slips Into Bearish Trend As HSBC Downgrades AI Giant</a>
<h2 class="wp-block-heading">2018 Called &#8211; It Wants Its Trade War Back</h2>
Sur points to the 2018 U.S.-China tariff battle as a cautionary tale. Back then, chipmakers were riding high—until trade tensions slammed the brakes on the upcycle. Demand weakened, earnings were revised down and stocks nosedived by up to 35%. Memory stocks were hit the hardest, while software-centric names like Synopsys proved more defensive.
Sur sees echoes of that pattern in 2025: stocks are selling off ahead of earnings cuts, which could help clear the air for recovery. If history repeats, a three-to-five-month drawdown followed by a Fed-assisted rebound isn't out of the question.
<h2 class="wp-block-heading">Broadcom, Analog Devices, KLA, Synopsis: Selective Is The Safe Play</h2>
In this storm, Sur's sticking with what held up last time. He favors Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Analog Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) and Synopsys Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) &#8211; stocks that blend strong fundamentals with exposure to AI, design software and increasing chip complexity.
These names outperformed during the 2018-2019 drawdown and are positioned to be more resilient this time around.
The bottom line? 
Semiconductor stocks may not be done falling, but with earnings resets coming soon, the worst might be behind us.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/global/25/04/44645946/microsoft-halts-data-center-expansions-due-to-semiconductor-tariff-concerns-ai-overcapacity-fears">Microsoft Halts Data Center Expansions Due To Semiconductor Tariff Concerns, AI Overcapacity Fears</a></li>
</ul>
Photo: Shutterstock

Long Ideas

TSLA

Broadcom, Analog Devices Could Slide ~10%, Analyst Warns, But A Bottom Could Be Near

Shares of chip stocks are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Analog Devices's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NYSE">ADI</a>) short percent of float has risen 10.26% since its last report. The company recently reported that it has 8.50 million shares sold short, which is 1.72% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Analog Devices Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743601515_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Analog Devices has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Analog Devices's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Analog Devices's peer group average for short interest as a percentage of float is 5.67%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Is the Market Bullish or Bearish on Analog Devices?

President Donald Trump has set up a new body within the Commerce Department to manage the CHIPS and Science Act, 2022. 
What Happened: A new entity, the United States Investment Accelerator within the Commerce Department, will now oversee the CHIPS Act program, as established by an executive order signed by Trump on Monday.
Despite Trump&#8217;s past criticism of the bipartisan legislation, the White House said in its fact sheet that the new office will focus on &#8220;negotiating much better CHIPS Act deals&#8221; and streamlining investment processes through reduced regulatory burdens and faster permitting.
According to the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>, the CHIPS Program has granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies across 23 states. 
However, the new entity — Investment Accelerator that will be controlling the CHIPS Act, not only plans to expedite corporate investments but promises to deliver &#8221; the benefit of the bargain for taxpayers,&#8221; as per the Whit House fact sheet.
Other primary goals of the body include;
<ul>
<li>Reducing regulatory burdens</li>
</ul>
<ul>
<li>Speeding up permitting;</li>
</ul>
<ul>
<li>Coordinating responses to investor issues across multiple Federal agencies; </li>
</ul>
<ul>
<li>Increasing access to national resources;</li>
</ul>
<ul>
<li>Facilitating collaboration with national laboratories; </li>
</ul>
<ul>
<li>Working with all 50 state governments and their economic development organizations.</li>
</ul>
Here are the U.S.-listed beneficiaries that have received grants under the CHIPS and Science Act, 2022 in the past. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Amkor Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>)</td>
<td>-30.57%</td>
<td>-43.23%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>-4.58%</td>
<td>2.57%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-35.44%</td>
<td>8.23%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>-1.99%</td>
<td>40.13%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-10.03%</td>
<td>-37.79%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-13.11%</td>
<td>-28.73%</td>
</tr>
<tr>
<td>HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</td>
<td>-14.72%</td>
<td>-8.85%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>12.31%</td>
<td>48.99%</td>
</tr>
<tr>
<td>MACOM Technology Solutions Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>)</td>
<td>-22.44%</td>
<td>2.83%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>-14.89%</td>
<td>-46.06%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>-0.50%</td>
<td>-30.10%</td>
</tr>
<tr>
<td>Polar Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POLA#NASDAQ">POLA</a>)</td>
<td>-30.66%</td>
<td>-31.05%</td>
</tr>
<tr>
<td>Rocket Lab USA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>)</td>
<td>-28.37%</td>
<td>338%</td>
</tr>
<tr>
<td>Skywater Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYT#NASDAQ">SKYT</a>)</td>
<td>-47.36%</td>
<td>-30.08%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>-3.88%</td>
<td>3.77%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>-17.65%</td>
<td>17.32%</td>
</tr>
<tr>
<td>Wolfspeed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>)</td>
<td>-53.85%</td>
<td>-89.77%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/04/44578555/nancy-pelosis-pick-palo-alto-networks-downplays-ai-spending-need-analyst-warns-ai-digestion-phase-may-be-a-larger-problem" target="_blank" rel="noreferrer noopener">Nancy Pelosi's Pick, Palo Alto Networks Downplays AI Spending Need: Analyst Warns ‘AI Digestion Phase May Be A Larger Problem'</a>
Why It Matters: Trump has been vocal about his criticism of the CHIPS Act. On March 4, during his joint address to Congress, he said, &#8220;Your Chips Act is a horrible, horrible thing.&#8221;
He also urged U.S. House Speaker Mike Johnson to &#8220;get rid&#8221; of it and use &#8220;whatever is left over&#8221; to &#8220;reduce debt or any other reason you want to.&#8221;
However, the White House&#8217;s new plan has passed on the management of the act to the new entity. Since his time in office, Trump has been able to convince companies to invest in the U.S.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM revealed its plans to inject another $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative and bringing total investment to $165 billion.
Similarly, the Magnificent 7 companies are widely expected to spend more than $330 billion on capex in 2025. While the chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) hasn't explicitly mentioned a target during its earnings call, the iPhone maker Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) broadly expects to spend $500 billion over the next four years. The remaining companies, however, have provided a specific target for 2025.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>CAPEX Target For 2025</td>
</tr>
<tr>
<td>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>&#8211;</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>$80 Billion</td>
</tr>
<tr>
<td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>$100 Billion</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>$75 Billion</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>$65 Billion</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>$11 Billion</td>
</tr>
</tbody>
</table>
</figure>
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, dropped in premarket on Monday. The SPY was down 0.51% to $556.56, while the QQQ declined 0.46% to $466.75, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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Image via Shutterstock

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Days After Calling The CHIPS Act A 'Horrible Thing,' Donald Trump Sets Up New Entity For 'Negotiating Much Better...Deals:' Here's More

Following his industry update report, BofA Securities analyst Vivek Arya spotlighted his three diversified <a href="https://www.benzinga.com/topic/semiconductors" target="_blank" rel="noopener">semiconductor top picks </a>on Friday.
Recovery processes will be staggered and related to company-specific exposures. Still, the bottom seems to be near for most, with industrial semiconductors leading the way (improving PMIs, Europe re-industrialization) and auto semiconductors following in the second half of 2025 if/when OEM/EV production data points improve.
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/03/44535967/tariff-fears-and-ease-in-demand-hype-slows-semiconductor-expansion" target="_blank" rel="noreferrer noopener">Tariff Fears And Ease In Demand Hype Slows Semiconductor Expansion</a>
Arya acknowledged lingering risks around tariffs and economic contraction but noted that diversified stocks are defensive and tend to outperform when SOX declines &gt;10%.
In order from &#8220;lower beta&#8221; in recovery to &#8220;higher beta,&#8221; Arya&#8217;s top picks are Analog Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) ($280 price target), NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) ($235 price target), and ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) $60 price target.
The top analog/industrial-semi pick is ideal for defensive exposure as Analog Devices has outperformed the PHLX Semiconductor Sector 23 out of the last 29 times the index declined +10% since 2010. Higher confidence in the second half of 2025 recovery supported by the analog semiconductor market returning to growth (according to SIA data) and sequential KPI improvement. FIFO recovery &#8211; consensus expects Analog Devices to rebound fastest in calendar 2025 at +13% sales growth (peers -15% to +10%).
Using the fiscal 2018 and 2019 baselines, Analog Devices&#8217; industrial sales are still 15-20% below the trend, leaving upside headroom. The superior free cash flow generation with a line of sight to 37% margins in fiscal 2025, well above peers&#8217; average of 17%, while buybacks may double with $10 billion new authorization.
Arya liked the relatively benign sales peak-to-trough correction to date at -18%, tied with Infineon for the shallowest downcycle thus far among peers, indicating prudent execution. The multiple NXP Semiconductors-specific product cycles make up ~40% of auto sales and accelerate growth in recovery, including software-defined vehicle products. The recent acquisitions of Kinara, TTTech, and Aviva Links enhance the total portfolio value proposition.
ON Semiconductor has weathered a -30% drawdown year-to-date, but as per Arya, the stock setup is compelling, given high leverage to any improvement in Auto/EV sentiment. Estimates reset hard post-fourth-quarter earnings, now show calendar 2025 sales down -15%, below peers ranging from -13% to +13%. 
Even with tariff and demand uncertainty, much seems baked in. The steady Silicon carbide share gains at Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and intense exposure at China EVs where 800v demand reflecting.
Allegro MicroSystems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) deal, if secured, may deliver 4%-7% accretion by calendar 2027 while augmenting the sensor portfolio. Despite the downturn, free cash flow % could improve to mid-20% from calendar 2024&#8217;s 17%. On the calendar 2026 EV/FCF basis, 11 times multiple is 50% below the 5-year median of ~20 times.
Price Actions: ADI stock is down 3.52% at $201.58 at last check Friday. NXPI is down 4.79%, and ON is down 6.03%.
Also Read:
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<li><a href="https://www.benzinga.com/news/25/03/44524590/in-geopolitical-chess-chinas-latest-energy-norms-block-nvidias-chip-strategy-amid-us-sanctions" target="_blank" rel="noreferrer noopener">In Geopolitical Chess, China&#8217;s Latest Energy Norms Block Nvidia&#8217;s Chip Strategy Amid US Sanctions</a></li>
</ul>
Photo: Shutterstock

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Analog Devices, Inc. to Report First Quarter Fiscal Year 2025 Financial Results on Wednesday, February 19, 2025

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Analog Devices Raises Quarterly Dividend by 8% and Increases Share Repurchase Authorization by $10 Billion

Analog Devices Reports Fiscal First Quarter 2025 Financial Results

Analog Devices to Participate in Morgan Stanley Technology, Media &Telecom Conference

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