Analog Devices Inc. [ADI] stock is trading at $227.50, up 1.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The ADI shares have gain 5.66% over the last week, with a monthly amount drifted -1.22%, and not 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 23, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $270 from $210. Previously, Jefferies started tracking the stock with Buy rating on May 13, 2024, and set its price target to $250. On April 16, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $254 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $205 on January 23, 2024. Wolfe Research upgraded its rating to a Outperform but $225 remained the price target by the analyst firm on January 18, 2024. Bernstein downgraded its rating to Mkt Perform for this stock on January 04, 2024, but kept the price target unchanged to $200. In a note dated December 22, 2023, Edward Jones upgraded an Buy rating on this stock.
Analog Devices Inc. [ADI] stock has fluctuated between $154.99 and $244.14 over the past year. Currently, Wall Street analysts expect the stock to reach $226.04 within the next 12 months. Analog Devices Inc. [NASDAQ: ADI] shares were valued at $227.50 at the most recent close of the market. An investor can expect a potential drop of -0.64% based on the average ADI price forecast.
Analyzing the ADI fundamentals
Analog Devices Inc. [NASDAQ:ADI] reported sales of 9.70B for the trailing twelve months, which represents a drop of -24.84%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 222.59 points at the first support level, and at 217.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 234.64, and for the 2nd resistance point, it is at 241.77.
Ratios To Look Out For
For context, Analog Devices Inc.’s Current Ratio is 1.68. On the other hand, the Quick Ratio is 1.24, and the Cash Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 11.64, the price to book ratio is 3.21 and price to earnings (TTM) ratio is 53.26.
Transactions by insiders
Recent insider trading involved ROCHE VINCENT, Chair & CEO, that happened on Aug 01 ’24 when 10000.0 shares were sold. Officer, ROCHE VINCENT completed a deal on Aug 01 ’24 to buy 10000.0 shares. Meanwhile, Chair & CEO ROCHE VINCENT sold 10000.0 shares on Jul 01 ’24.
