Is Analog Devices Inc. (ADI) Stock a Good Buy for Short-term Investors?

Analog Devices Inc. [ADI] stock is trading at $211.94, up 1.71%. 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 4.11% over the last week, with a monthly amount glided 11.38%, 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 May 13, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $250. Previously, Evercore ISI started tracking the stock with Outperform rating on April 16, 2024, and set its price target to $254. On January 23, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $205 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $225 on January 18, 2024. Bernstein downgraded its rating to a Mkt Perform but $200 remained the price target by the analyst firm on January 04, 2024. Edward Jones upgraded its rating to Buy for this stock on December 22, 2023. In a note dated November 22, 2023, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $200 to $210.

Analog Devices Inc. [ADI] stock has fluctuated between $154.99 and $209.75 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 $211.94 at the most recent close of the market. An investor can expect a potential drop of -4.41% 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 208.29 points at the first support level, and at 204.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 214.00, and for the 2nd resistance point, it is at 216.07.

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 9.09, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 37.93.

Transactions by insiders

Recent insider trading involved ROCHE VINCENT, Chair & CEO, that happened on May 01 ’24 when 10000.0 shares were sold. EVP, Global Operations, Jain Vivek completed a deal on Apr 04 ’24 to sell 3479.0 shares. Meanwhile, Chair & CEO ROCHE VINCENT sold 10000.0 shares on Apr 01 ’24.

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