Analog Devices Inc. [ADI] stock prices are up 0.50% to $199.20 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ADI shares have gain 4.95% over the last week, with a monthly amount glided 2.14%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, ADI and the BMW Group Join Forces to Provide Industry-Leading 10MB Ethernet for Automotive, Enabling Software-Defined Vehicles. In a post published today on Yahoo Finance, Analog Devices, Inc. (Nasdaq: ADI) and the BMW Group (Nasdaq: BMWYY) today announced an early adoption of E²B™, ADI’s 10BASE-T1S Ethernet to the Edge bus technology within the automotive industry. Automotive Ethernet connectivity is a key enabler of new, zonal architectures in automotive design and supports automotive megatrends such as software-defined vehicles. The BMW Group will be a leading original equipment manufacturer (OEM) to implement the technology, leveraging ADI’s E²B for their ambient lighting system design in the vehicles of the BMW Group in the future.
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.
The stock price of Analog Devices Inc. [ADI] has been fluctuating 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 $199.20 at the most recent close of the market. An investor can expect a potential drop of -0.35% based on the average ADI price forecast.
Analyzing the ADI fundamentals
The Analog Devices Inc. [NASDAQ:ADI] reported sales of 11.57B for trailing twelve months, representing 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 197.28 points at the first support level, and at 195.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 200.36, and for the 2nd resistance point, it is at 201.52.
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
It’s worth pointing out that Analog Devices Inc. [NASDAQ:ADI]’s Current Ratio is 1.51. On the other hand, the Quick Ratio is 0.98, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 8.54, the price to book ratio is 2.78 and price to earnings (TTM) ratio is 35.65.
Transactions by insiders
Recent insider trading involved ROCHE VINCENT, Chair & CEO, that happened on Mar 04 ’24 when 10000.0 shares were sold. Chair & CEO, ROCHE VINCENT completed a deal on Feb 01 ’24 to sell 10000.0 shares. Meanwhile, Chair & CEO ROCHE VINCENT sold 10000.0 shares on Jan 02 ’24.
