The stock of Analog Devices Inc. (NASDAQ:ADI) decreased by -$4.07 on Tuesday to finish at $181.32, down -2.20 percent. The last five days have seen an average of 2,297,140 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $17.29. The average number of shares traded over the last 20 days was 3,021,050, while the average volume over the last 50 days totaled 3,245,966.
ADI stock dropped -7.66% since last month. On 08/15/23, the company’s shares reached a one-month low of $181.04. The stock touched a high of $200.10 on 07/31/23, after rallying from a low of $133.48 in 52 weeks. The price of ADI stock has risen by 10.54% or $17.29 this year, reaching a new high 19 times. Still, the stock price is down -9.39% from the 52-week high.
Insider Transactions
ADI stock investors should be aware that Analog Devices Inc. (ADI) stock had its last reported insider trading activity 15 days ago on Aug 01. On Aug 01, Chair & CEO ROCHE VINCENT sold 10,000 shares at $197.64 each. This transaction resulted in the insider making $1,976,400. On Jul 10, ROCHE VINCENT sold 10,000 shares at a price of US$185.91. After the transaction, the insider now owns 70,713 shares. EVP, Finance & CFO Mahendra-Rajah Prashanth had earlier sold 30,591 shares on Jun 14 for $192.75 a share. The transaction was completed for $5,896,529.
Valuation Metrics
Analog Devices Inc. (ADI) has a trailing price-to-earnings (P/E) ratio of 25.69. Beta for the stock is 1.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.12, the price-to-book (PB) ratio of 2.54, and the price-to-cash flow ratio of 23.17.
Company paid $0.86 per share in dividends, remained unchanged from $0.86 last year. A $0.10 dividend increase was reported on Tuesday February 14 2023.
Financial Health
For the three months ended April 29, Analog Devices Inc.’s quick ratio was 1.20, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.18, and the total debt to equity ratio is 0.19. As far as profitability goes, gross margin for the trailing twelve months is 65.70% percent. Analog Devices Inc.’s EBITDA margin for the year ended April 29 was 48.49%, whereas its operating margin stood at 33.10% for the same period. Based on annual data, it had gross profit of $7.53 billion and revenue of $12.01 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ADI’s return on assets (ROA) during the last 12 months has been 7.20%. There was a 6.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.00%.
Earnings Surprise
According to Analog Devices Inc.’s quarterly financial report for the quarter that ended April 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.26 billion, while revenues rose by 8.91% to $3.25 billion. It was predicted that Analog Devices Inc.’s quarterly earnings would be $2.83, but it ended up being $2.75, beating the consensus by 2.90%. EBITDA was $1.71 billion for the quarter. At the end of Analog Devices Inc.’s most recent quarter ended April 29, its liabilities totaled 13.53 billion, while its total debt was $6.73 billion. Equity owned by shareholders amounts to $501.42 million.
Technical Picture
Here’s a quick look at Analog Devices Inc.’s (ADI) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 31.87%, suggesting the stock is Neutral, with a 16.91% historical volatility rate.
The stochastic %K and %D were 8.90% and 8.52% respectively, while the average true range (ATR) was 4.29. Based on the 14-day stochastic reading of 1.47%, the RSI (14) reading is 37.75%. On the 9-day MACD Oscillator, the stock is at -2.91, and the 14-day reading is at -6.79.
Analyst Ratings
In its analyst report released on July 20, 2023, Wolfe Research began covering Analog Devices Inc. (NASDAQ: ADI). The stock was rated as a Peer perform by the brokerage firm. Analysts have assigned Analog Devices Inc. (ADI) an Overweight rating. ADI is a stock that is recommended for selling by 0 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 17 others recommend it as a buy.
What is ADI’s price target for the next 12 months?
The current consensus forecast for the stock is between $175.00 and $235.00, with a median target price of $206.65. In analyzing these forecasts, the average price target given by analysts for Analog Devices Inc. (ADI) is $207.72.
