Analog Devices Inc. (NASDAQ:ADI) finished Friday with a subtraction of -$1.32 to close at $175.09, a downside of -0.75 percent. An average of 2,767,320 shares of common stock have been traded in the last five days. There was a fall of -$0.39 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 3,162,125 shares traded, while the 50-day average volume stands at 3,347,220.
ADI stock has decreased by -3.57% in the last month. The company shares reached their 1-month lowest point of $170.65 on 09/27/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $133.48 and a high of $200.10 in 52 weeks. It has reached a new high 19 times so far this year and achieved 6.74% or $11.06 in price. In spite of this, the price is down -12.50% 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 29 days ago on Sep 01. In this transaction, the insider spent $1,826,000. Chair & CEO, ROCHE VINCENT, disposed of 10,000 shares at a price of $197.64 on Aug 01. The insider now owns more than $1,976,400 worth of shares. Prior to that, Chair & CEO ROCHE VINCENT went on to Sale 10,000 shares at $185.91 each on Jul 10. An amount of $1,859,100 was transacted.
Valuation Metrics
Analog Devices Inc. (ADI) has a trailing price-to-earnings (P/E) ratio of 23.79. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.90, the price-to-book (PB) ratio at 2.43, and the price-to-cash flow ratio at 24.00.
The company has a payout ratio of 56.53%. The company’s most recent quarterly dividend payment was $0.86 a share, without any change from last year. Its latest increase dividend $0.10 reported on Tuesday February 14 2023.
Financial Health
The quick ratio of Analog Devices Inc. for the three months ended July 30 was 1.10, and the current ratio was 1.71, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.19 for the quarter ending July 30. Its gross profit as reported stood at $7.53 billion compared to revenue of $12.01 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Analog Devices Inc.’s return on assets was 7.53%.
Earnings Surprise
For the three-month period that ended July 30, Analog Devices Inc. had $6.44 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $877.02 million in the quarter, while revenues of $977.66 million were grew 14.6%. The analyst consensus anticipated Analog Devices Inc.’s latest quarter earnings to come in at $2.52 per share, but it turned out to be $2.49, a -1.20% surprise. For the quarter, EBITDA amounted to $1.52 billion. Shareholders own equity worth $498.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Analog Devices Inc. (ADI) price momentum. RSI 9-day as of the close on 29 September was 45.20%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.46%.
As of today, ADI’s price is $174.42 -0.22% or -$0.39 from its 5-day moving average. ADI is currently trading -3.68% lower than its 20-day SMA and -5.11% lower than its 100-day SMA. However, the stock’s current price level is -7.68% below the SMA50 and +1.64% above the SMA200.
The stochastic %K and %D were 42.43% and 30.52%, respectively, and the average true range (ATR) was 3.75. With the 14-day stochastic at 45.73% and the average true range at 3.80, the RSI (14) stands at 44.10%. The stock has reached -0.37 on the 9-day MACD Oscillator while the 14-day reading was at -1.30.
Analyst Ratings
Piper Sandler downgraded Analog Devices Inc. (NASDAQ: ADI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Analog Devices Inc. (ADI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ADI, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 17 others rate it as a “buy”.
What is ADI’s price target for the next 12 months?
Analysts predict a range of price targets between $175.00 and $220.00, with a median target of $200.00. Taking a look at these predictions, the average price target given by analysts for Analog Devices Inc. (ADI) stock is $200.75.
