- Wells Fargo's David Wong, who downgraded Analog Devices (ADI -3.2%) to Market Perform this morning, is concerned the soft December quarter guidance provided by many chip companies "creates uncertainty" for early 2014 guidance.
- He also thinks expectations for improving chip industry fundamentals are largely priced into ADI's shares, along with those of many peers. ADI currently trades at 15x estimated FY14 (ends Oct. '14) EPS excluding net cash/investments.
- Shares sold off in November after the company provided soft January quarter guidance, while blaming seasonal weakness.
Wells Fargo's ADI downgrade: sales uncertainty, valuation cited
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Nasdaq.com (Feb 24, 2015)
at Investor's Business Daily (Feb 18, 2015)
at Investor's Business Daily (Feb 9, 2015)
at Nasdaq.com (Dec 2, 2014)
at Nasdaq.com (Dec 1, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs