ANL 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