Analog Devices Inc. (NASDAQ:ADI) saw an upside of 0.93% to close Monday at $190.10 after adding $1.75 on the day. The 5-day average trading volume is 2,869,940 shares of the company’s common stock. It has gained $200.07 in the past week and touched a new high 1 time within the past 5 days. An average of 3,185,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,698,224.
ADI’s 1-month performance is 2.58% or $4.79 on its low of $184.74 reached on 08/04/23. The company’s shares have touched a 52-week low of $133.48 and high of $200.10, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, ADI has achieved 15.89% or $26.07 and has reached a new high 19 times. However, the current price is down -5.00% from the 52-week high price.
Insider Transactions
ADI stock investors last saw insider trading activity on Aug 01.ROCHE VINCENT (Chair & CEO) most recently sold 10,000 shares at $197.64 per share on Aug 01. This transaction cost the insider $1,976,400. Chair & CEO, ROCHE VINCENT, sold 10,000 shares at a price of $185.91 on Jul 10. Then, on Jun 14, EVP, Finance & CFO Mahendra-Rajah Prashanth sold 30,591 shares at a price of $192.75 per share. This transaction amounted to $5,896,529.
Valuation Metrics
ADI stock has a beta of 1.16. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.53 while the price-to-book (PB) in the most recent quarter is 2.66, with the price to cash flow ratio at 41.23.
Analog Devices Inc.’s quick ratio for the period ended April 29 was 1.20, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.18, while the total debt to equity was 0.19. In terms of profitability, the gross margin trailing 12 months is 65.70%. The trailing 12-month EBITDA margin is 48.49% while for the period ending April 29, Analog Devices Inc.’s operating margin was 33.10%. The firm’s gross profit as reported stood at $7.53 billion against revenue of $12.01 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.88% to $977.66 million, while revenue of $961.47 million was 1.66% off the previous quarter. Analysts expected ADI to announce $2.75 per share in earnings in its latest quarter, but it posted $2.83, representing a 2.90% surprise. EBITDA for the quarter stood at more than $1.71 billion. ADI stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 13.53 billion, with total debt at $6.73 billion. Shareholders hold equity totaling $501.42 million.
Let’s look briefly at Analog Devices Inc. (ADI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 43.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.39%.
The stock’s 5-day moving average is $192.38, reflecting a -4.73% or -$9.43 change from its current price. ADI is currently trading -0.50% above its 20-day SMA, +1.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +9.76% and SMA200 by+34.73%.
Stochastic %K and %D was 27.49% and 34.88% and the average true range (ATR) pointed at 4.64. The RSI (14) points at 46.84%, while the 14-day stochastic is at 34.90% with the period’s ATR at 4.65. The stock’s 9-day MACD Oscillator is pointing at -4.11 and -3.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Analog Devices Inc. (NASDAQ: ADI), Wolfe Research launched coverage with a Peer perform rating. Analysts offering their rating for ADI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ADI as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 17 have offered a “buy” rating.
What is ADI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $175.00 and a high of $235.00, with their median price target at $205.15. Looking at these predictions, the average price target given by analysts is for Analog Devices Inc. (ADI) stock is $207.30.
