Analog Devices Inc. [ADI] stock is trading at $196.16, up 2.26%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ADI shares have gain 3.18% over the last week, with a monthly amount glided 1.98%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Analog Devices Strengthens Capacity and Resiliency Through Expanded Partnership with TSMC. In a post published today on Yahoo Finance, Special arrangement through JASM secures ADI’s long-term chip supply and focuses on 40nm and finer process technology nodes.
From an analyst’s perspective:
Analog Devices Inc. [NASDAQ: ADI] stock has seen the most recent analyst activity on January 23, 2024, when Cantor Fitzgerald initiated its Neutral rating and assigned the stock a price target of $205. Previously, Wolfe Research upgraded its rating to Outperform on January 18, 2024, and kept the price target unchanged to $225. On January 04, 2024, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $200 on the stock. Edward Jones upgraded its rating to a Buy. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $210 on November 22, 2023. Morgan Stanley upgraded its rating to Overweight for this stock on November 17, 2023, and upped its price target to $225. In a note dated August 24, 2023, Piper Sandler downgraded an Neutral rating on this stock but restated the target price of $190.
Analog Devices Inc. [ADI] stock has fluctuated between $154.99 and $202.77 over the past year. Currently, Wall Street analysts expect the stock to reach $198.5 within the next 12 months. Analog Devices Inc. [NASDAQ: ADI] shares were valued at $196.16 at the most recent close of the market. An investor can expect a potential return of 1.19% based on the average ADI price forecast.
Analyzing the ADI fundamentals
Analog Devices Inc. [NASDAQ:ADI] reported sales of 11.57B for the trailing twelve months, which represents a drop of -22.68%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.08 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 192.78 points at the first support level, and at 189.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 198.38, and for the 2nd resistance point, it is at 200.60.
Analog Devices Inc. [ADI] reported earnings per share of $1.73 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.7/share, meaning a difference of $0.03 and a surprise factor of 1.80%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $2.01 per share as compared to estimates of $2 per share, a difference of $0.01 representing a surprise of 0.50%.
Ratios To Look Out For
For context, Analog Devices Inc.’s Current Ratio is 1.51. Further, the Quick Ratio stands at 0.98, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 8.41, the price to book ratio is 2.74 and price to earnings (TTM) ratio is 35.11.
Transactions by insiders
Recent insider trading involved ROCHE VINCENT, Chair & CEO, that happened on Feb 01 when 10000.0 shares were sold. Chair & CEO, ROCHE VINCENT completed a deal on Jan 02 to sell 10000.0 shares. Meanwhile, Director CHAMPY JAMES sold 8460.0 shares on Dec 15.
