Are You Interested In Investing In Analog Devices Inc. (ADI)? Check This Out First


As of Wednesday close, Analog Devices Inc.’s (NASDAQ:ADI) stock was up $0.77, moving up 0.46 percent to $169.20. The average number of shares traded per day over the past five days has been 4,544,140 shares. 4 times new highs have been achieved over the past 5 days, with a $7.93 gain in that time frame. In the last twenty days, the average volume was 4,103,485, while in the previous 50 days, it was 3,903,616.

Since last month, ADI stock rose 15.60%. Shares of the company fell to $137.79 on 11/03/22, the lowest level in the past month. A 52-week high of $188.20 was reached on 08/15/22 after having rallying from a 52-week low of $133.48. Since the beginning of this year, ADI’s stock price has dropped by -3.74% or -$6.57, and marked a new high 4 times. However, the stock has declined by -10.09% since its 52-week high.

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ADI stock investors should be aware that Analog Devices Inc. (ADI) stock had its last reported insider trading activity 15 days ago on Nov 10. DOLUCA TUNC, the Director of the company, disposed of 1,700 shares for $160.00 on Nov 10. It resulted in a $272,000 divestment by the insider. DOLUCA TUNC sold 2,400 shares at an average price of $150.00 on Oct 04. The insider now owns 69,157 shares following the transaction. On Sep 01, Director DOLUCA TUNC sold 2,400 shares at $150.00 apiece. The transaction was valued at $360,001.

Valuation Metrics

Right now, Analog Devices Inc. (ADI) has a P/E ratio of about 46.86. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 7.82, the price-to-book (PB) ratio of 2.39, and the price-to-cash flow ratio of 39.18 may also be considered.

The latest dividend of $0.76 per share was paid out, remained unchanged from last year’s $0.76. On Tuesday February 15 2022, a $0.07 dividend increase was announced.

Financial Health

In the three months ended July 30, Analog Devices Inc.’s quick ratio stood at 1.40, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.17, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 58.60% percent. In the year ended July 30, operating margins totaled 18.60%. Based on annual data, ADI earned $7.53 billion in gross profit and brought in $12.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 5.10%.

In Analog Devices Inc.’s quarter-end financial report for July 30, it reported total debt of $6.55 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ADI’s revenue rose 27.96% to $3.11 billion during the quarter, while net income inched up to $3.25 billion. While analysts expected Analog Devices Inc. to report $2.43 quarterly earnings, the actual figure was $2.52 per share, beating the consensus estimate by 3.70%. The liabilities of Analog Devices Inc. were 13.84 billion at the end of its most recent quarter ended July 30, and its total debt was $6.25 billion.

Technical Picture

This quick technical analysis looks at Analog Devices Inc.’s (ADI) price momentum. With a historical volatility rate of 37.40%, the RSI 9-day stood at 70.36% on 23 November.

With respect to its five-day moving average, the current Analog Devices Inc. price is up by +4.92% percent or $7.93. At present, ADI shares trade +19.68% above its 20-day simple moving average and +18.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.61% above its SMA50 and +3.72% above its SMA200.

Stochastic coefficient K was 85.75% and Stochastic coefficient D was 81.93%, while ATR was 5.55. Given the Stochastic reading of 87.26% for the 14-day period, the RSI (14) reading has been calculated as 66.52%. As of today, the MACD Oscillator reading stands at 2.07, while the 14-day reading stands at 6.71.

Analyst Ratings

Cowen reiterated its an Outperform rating on Analog Devices Inc. (NASDAQ: ADI) in a note to investors. The analysts firm has however raised their price target to $190, representing a possible 6.0% increase in the stock price. Analog Devices Inc. (ADI) has been rated Overweight by analysts. According to 0 brokerage firms, ADI is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Analog Devices Inc. stock as buy, with 17 recommending it as overweight.

With a median target price of $195.00, the current consensus forecast for the stock is $145.00 – $220.00. Based on these forecasts, analysts predict Analog Devices Inc. (ADI) will achieve an average price target of $192.07.


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