Analog Devices Inc. (NASDAQ:ADI) finished Thursday with a subtraction of -$3.69 to close at $141.65, a downside of -2.54 percent. An average of 2,500,077 shares of common stock have been traded in the last five days. There was a fall of -$7.57 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 3,099,999 shares traded, while the 50-day average volume stands at 3,204,110.
ADI stock has decreased by -11.60% in the last month. The company shares reached their 1-month lowest point of $140.79 on 09/23/22. With the stock rallying to its 52-week high on 08/15/22, shares of the company touched a low of $138.50 and a high of $191.95 in 52 weeks. It has reached a new high 4 times so far this year and lost -17.31% or -$34.04 in price. In spite of this, the price is down -26.20% from the 52-week high.
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22 days have passed since Analog Devices Inc. (ADI) last reported insider trading activity. DOLUCA TUNC, who is Director, most recently acquired $2,400 shares at $150.00 per share on Sep 01. In this transaction, the insider spent $360,001. SVP, Global Operations, Jain Vivek, disposed of 14,000 shares at a price of $165.63 on Aug 25. The insider now owns more than $2,318,778 worth of shares. Prior to that, Director DOLUCA TUNC went on to Sale 16,800 shares at $180.00 each on Aug 15. An amount of $3,024,000 was transacted.
Analog Devices Inc. (ADI) has a trailing price-to-earnings (P/E) ratio of 40.25. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.67, the price-to-book (PB) ratio at 2.05, and the price-to-cash flow ratio at 33.41.
The company has a payout ratio of 79.70%. The company’s most recent quarterly dividend payment was $0.76 a share, without any change from last year. Its latest increase dividend $0.07 reported on Tuesday February 15 2022.
The quick ratio of Analog Devices Inc. for the three months ended July 30 was 1.40, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.17 for the quarter ending July 30. Its gross profit as reported stood at $4.53 billion compared to revenue of $7.32 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Analog Devices Inc.’s return on assets was 3.70%.
For the three-month period that ended July 30, Analog Devices Inc. had $6.25 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $748.99 million in the quarter, while revenues of $783.27 million were grew 32.8%. The analyst consensus anticipated Analog Devices Inc.’s latest quarter earnings to come in at $2.43 per share, but it turned out to be $2.52, a 3.70% surprise. For the quarter, EBITDA amounted to $1.47 billion. Shareholders own equity worth $514.34 million.
From a technical analysis perspective, let’s take a brief look at Analog Devices Inc. (ADI) price momentum. RSI 9-day as of the close on 22 September was 25.10%, suggesting the stock is oversold, with historical volatility in this time frame at 28.15%.
As of today, ADI’s price is $146.98 -5.07% or -$7.57 from its 5-day moving average. ADI is currently trading -15.16% lower than its 20-day SMA and -10.38% lower than its 100-day SMA. However, the stock’s current price level is -7.55% below the SMA50 and -24.06% below the SMA200.
The stochastic %K and %D were 15.56% and 27.12%, respectively, and the average true range (ATR) was 4.16. With the 14-day stochastic at 6.27% and the average true range at 4.25, the RSI (14) stands at 30.27%. The stock has reached -2.67 on the 9-day MACD Oscillator while the 14-day reading was at -4.22.
Needham downgraded Analog Devices Inc. (NASDAQ: ADI) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Analog Devices Inc. (ADI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ADI, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 5 analysts, while 15 others rate it as a “buy”.
What is ADI’s price target for the next 12 months?
Analysts predict a range of price targets between $170.00 and $220.00, with a median target of $190.00. Taking a look at these predictions, the average price target given by analysts for Analog Devices Inc. (ADI) stock is $193.77.