Analog Devices Inc. [ADI] stock is trading at $197.94, up 0.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ADI shares have gain 5.52% over the last week, with a monthly amount glided 4.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Analog Devices Inc. [NASDAQ: ADI] stock has seen the most recent analyst activity on April 16, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $254. Previously, Cantor Fitzgerald started tracking the stock with Neutral rating on January 23, 2024, and set its price target to $205. On January 18, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $225 on the stock. Bernstein downgraded its rating to a Mkt Perform but stick to its price target of $200 on January 04, 2024. Edward Jones upgraded its rating to a Buy. TD Cowen reiterated a Outperform rating for this stock on November 22, 2023, and upped its price target to $210. In a note dated November 17, 2023, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $176 to $225.
Analog Devices Inc. [ADI] stock has fluctuated between $154.99 and $204.20 over the past year. Currently, Wall Street analysts expect the stock to reach $202.6 within the next 12 months. Analog Devices Inc. [NASDAQ: ADI] shares were valued at $197.94 at the most recent close of the market. An investor can expect a potential return of 2.35% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.2.
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 195.66 points at the first support level, and at 193.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 199.66, and for the 2nd resistance point, it is at 201.38.
Analog Devices Inc. [ADI] reported earnings per share of $1.73 for its fiscal quarter that ended on 1/31/2024. 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 10/31/2023 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. Also, the Quick Ratio is 0.98, while the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 8.49, the price to book ratio is 2.76 and price to earnings (TTM) ratio is 35.43.
Transactions by insiders
Recent insider trading involved Jain Vivek, EVP, Global Operations, that happened on Apr 04 ’24 when 3479.0 shares were sold. Chair & CEO, ROCHE VINCENT completed a deal on Apr 01 ’24 to sell 10000.0 shares. Meanwhile, Director CHAMPY JAMES sold 1228.0 shares on Mar 21 ’24.
