As of Wednesday close, Analog Devices Inc.’s (NASDAQ:ADI) stock was down -$0.99, moving down -0.54 percent to $181.57. The average number of shares traded per day over the past five days has been 4,171,520 shares. 4 times new highs have been achieved over the past 5 days, with a $4.09 gain in that time frame. In the last twenty days, the average volume was 3,475,015, while in the previous 50 days, it was 3,338,860.
Since last month, ADI stock retreated -8.98%. Shares of the company fell to $168.54 on 08/23/23, the lowest level in the past month. A 52-week high of $200.10 was reached on 07/31/23 after having rallying from a 52-week low of $133.48. Since the beginning of this year, ADI’s stock price has risen by 10.69% or $17.54, and marked a new high 19 times. However, the stock has declined by -9.26% since its 52-week high.
ADI stock investors should be aware that Analog Devices Inc. (ADI) stock had its last reported insider trading activity 30 days ago on Aug 01. ROCHE VINCENT, the Chair & CEO of the company, disposed of 10,000 shares for $197.64 on Aug 01. It resulted in a $1,976,400 divestment by the insider. ROCHE VINCENT sold 10,000 shares at an average price of $185.91 on Jul 10. The insider now owns 70,713 shares following the transaction. On Jun 14, EVP, Finance & CFO Mahendra-Rajah Prashanth sold 30,591 shares at $192.75 apiece. The transaction was valued at $5,896,529.
Valuation Metrics
Right now, Analog Devices Inc. (ADI) has a P/E ratio of about 24.67. The stock’s beta is 1.17. Besides these, the trailing price-to-sales (P/S) ratio of 6.87, the price-to-book (PB) ratio of 2.53, and the price-to-cash flow ratio of 23.90 may also be considered.
The latest dividend of $0.86 per share was paid out, remained unchanged from last year’s $0.86.
Financial Health
In the three months ended July 30, Analog Devices Inc.’s quick ratio stood at 1.10, while its current ratio was 1.70, 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 0.18, and the total debt-to-equity ratio was 0.19. On the profitability front, the trailing twelve-month gross margin is 65.20% percent. In the year ended July 30, EBITDA margin amounted to 48.49%, whereas operating margins totaled 33.40%. 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 6.80%. Return on equity (ROE) for the past 12 months was 10.40%.
In Analog Devices Inc.’s quarter-end financial report for July 30, it reported total debt of $6.44 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ADI’s revenue fell -1.11% to $3.26 billion during the quarter, while net income inched up to $3.08 billion. While analysts expected Analog Devices Inc. to report $2.52 quarterly earnings, the actual figure was $2.49 per share, beating the consensus estimate by -1.20%. During the quarter, the company generated $1.52 billion in EBITDA. The liabilities of Analog Devices Inc. were 13.44 billion at the end of its most recent quarter ended July 30, and its total debt was $7.03 billion. The value of shareholders’ equity is $498.31 million.
Technical Picture
This quick technical analysis looks at Analog Devices Inc.’s (ADI) price momentum. With a historical volatility rate of 19.65%, the RSI 9-day stood at 50.85% on 30 August.
With respect to its five-day moving average, the current Analog Devices Inc. price is up by +2.30% percent or $4.09. At present, ADI shares trade -5.66% below its 20-day simple moving average and -2.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.41% below its SMA50 and +13.22% above its SMA200.
Stochastic coefficient K was 67.58% and Stochastic coefficient D was 55.98%, while ATR was 4.53. Given the Stochastic reading of 76.29% for the 14-day period, the RSI (14) reading has been calculated as 47.25%. As of today, the MACD Oscillator reading stands at 3.33, while the 14-day reading stands at 2.49.
Analyst Ratings
Analog Devices Inc. downgraded its rating on Analog Devices Inc. (NASDAQ: ADI) to a Neutral in a note to investors on August 24, 2023. The analysts firm previously had an Overweight rating on the stock.Analog Devices Inc. (ADI) has been rated Overweight by analysts. According to 0 brokerage firms, ADI is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Analog Devices Inc. stock as buy, with 17 recommending it as overweight.
With a median target price of $200.00, the current consensus forecast for the stock is $175.00 – $220.00. Based on these forecasts, analysts predict Analog Devices Inc. (ADI) will achieve an average price target of $201.05.
