Analog Devices Inc. (NASDAQ:ADI) saw a downside of -1.76% to close Tuesday at $172.34 after subtracting -$3.09 on the day. The 5-day average trading volume is 3,004,060 shares of the company’s common stock. It has gained $179.07 in the past week and touched a new high 1 time within the past 5 days. An average of 3,260,870 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,367,438.
ADI’s 1-month performance is -3.27% or -$5.82 on its low of $171.42 reached on 09/26/23. 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 5.07% or $8.31 and has reached a new high 19 times. However, the current price is down -13.87% from the 52-week high price.
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Insider Transactions
ADI stock investors last saw insider trading activity on Sep 01.ROCHE VINCENT (Chair & CEO) most recently sold 10,000 shares at $182.60 per share on Sep 01. This transaction cost the insider $1,826,000. Chair & CEO, ROCHE VINCENT, sold 10,000 shares at a price of $197.64 on Aug 01. Then, on Jul 10, Chair & CEO ROCHE VINCENT sold 10,000 shares at a price of $185.91 per share. This transaction amounted to $1,859,100.
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 6.79 while the price-to-book (PB) in the most recent quarter is 2.39, with the price to cash flow ratio at 23.62.
Analog Devices Inc.’s quick ratio for the period ended July 30 was 1.10, with the current ratio over the same period at 1.71. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.18, while the total debt to equity was 0.19.. In terms of profitability, the gross margin trailing 12 months is 57.25%. The trailing 12-month EBITDA margin is 48.49% while for the period ending July 30, Analog Devices Inc.’s operating margin was 33.70%. 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 July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 14.6% to $877.02 million, while revenue of $977.66 million was -11.48% off the previous quarter. Analysts expected ADI to announce $2.52 per share in earnings in its latest quarter, but it posted $2.49, representing a -1.20% surprise. EBITDA for the quarter stood at more than $1.52 billion. ADI stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 13.44 billion, with total debt at $7.03 billion. Shareholders hold equity totaling $498.31 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 26 September was 33.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.03%.
The stock’s 5-day moving average is $174.63, reflecting a -3.59% or -$6.41 change from its current price. ADI is currently trading -4.43% above its 20-day SMA, -5.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.23% and SMA200 by+3.81%.
Stochastic %K and %D was 18.38% and 15.83% and the average true range (ATR) pointed at 3.46. The RSI (14) points at 36.76%, while the 14-day stochastic is at 9.21% with the period’s ATR at 3.64. The stock’s 9-day MACD Oscillator is pointing at -2.19 and -2.32 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Analog Devices Inc. (NASDAQ: ADI), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. 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 11 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 $220.00, with their median price target at $200.00. Looking at these predictions, the average price target given by analysts is for Analog Devices Inc. (ADI) stock is $200.75.
