Is it Right Time Pull the Trigger on Analog Devices Inc. [ADI] Stock?

Analog Devices Inc. [ADI] shares are up more than 24.01% this year and recently increased 0.01% or $0.97 to settle at $144.68. Analysts expect ADI to grow earnings at a 11.47% annual rate over the next 5 years. ADI has a short ratio of 8.86. This implies that the market is currently less bullish on the outlook for ADI.

On 8, December 2020, Marvell and Analog Devices Announce 5G Massive MIMO Radio Unit Solutions. According to news published on Yahoo Finance, Combines Marvell’s baseband solutions with Analog Devices’ RF transceiver platform for cost-effective multi-antenna radio units.

Analyst Birdseye View:

The most recent analyst activity for Analog Devices Inc. [NASDAQ:ADI] stock was on November 09, 2020, when it was Upgrade with an Outperform rating from Evercore ISI, which also raised its 12-month price target on the stock to $160. On August 13, 2020, Daiwa Securities Upgrade a Buy rating. On July 14, 2020, Edward Jones Downgrade a Hold rating. On June 16, 2020, Morgan Stanley Reiterated an Equal-weight rating and increased its price target to $117. On February 20, 2020, Citigroup Upgrade a Buy rating and boosted its amount target on this stock to $144. On November 29, 2019, Loop Capital Reiterated a Buy rating and boosted its target amount on this stock from $125 to $130. On October 30, 2019, Raymond James Upgrade an Outperform rating and amplified its amount target to $120.

In the past 52 weeks of trading, this stock has oscillated between a low of $79.07 and a peak of $144.68. Right now, the middling Wall Street analyst 12-month amount mark is $155.50. At the most recent market close, shares of Analog Devices Inc. [NASDAQ:ADI] were valued at $144.68. According to the average price forecast, investors can expect a potential return of 1.16%.

FUNDAMENTAL ANALYSIS

Analog Devices Inc. [NASDAQ:ADI] most recently reported quarterly sales of 1.53 billion, which represented growth of 5.80%. This publicly-traded organization’s revenue is $352,393 per employee, while its income is $76,777 per employee. This company’s Gross Margin is currently 65.90%, its Operating Margin is 26.70%, its Pretax Margin is +23.41, and its Net Margin is +21.79. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.70, 10.30, 9.07 and 7.11 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 31.33 and the whole liability to whole assets at 25.50. It shows enduring liability to the whole principal at 31.10 and enduring liability to assets at 0.25 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 142.58 points at 1st support level, the second support level is making up to 141.45. But as of 1st resistance point, this stock is sitting at 144.76 and at 145.81 for 2nd resistance point.

Analog Devices Inc. [ADI] reported its earnings at $1.44 per share in the fiscal quarter closing of 10/30/2020. The Analysts for Wall Street were expecting to report its earnings at $1.32/share signifying the difference of 0.12 and 9.10% surprise value. Comparing the previous quarter ending of 7/30/2020, the stated earnings were $1.36 calling estimates for $1.28/share with the difference of 0.08 depicting the surprise of 6.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Analog Devices Inc. [NASDAQ:ADI] is 1.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.77. Now if looking for a valuation of this stock’s amount to sales ratio it’s 7.87, it’s amount to book ratio is 3.65 and showing 43.79 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Henderson Gregory N., SVP, Atmtve, Comm, ArSpc & Def, and it was the sale of 3519.0 shares on Dec 04. Mahendra-Rajah Prashanth, the SVP, Finance & CFO, completed a sale of 1790.0 shares on Dec 03. On Nov 27, Mahendra-Rajah Prashanth, SVP, Finance & CFO, completed a sale of 3625.0 shares.