At the time of writing, Analog Devices Inc. [ADI] stock is trading at $235.23, up 2.21%. 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 4.72% over the last week, with a monthly amount glided 2.20%, 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 September 23, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $233 from $266. Previously, TD Cowen reaffirmed its Buy rating on May 23, 2024, and elevated its price target to $270. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $250 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $254 on April 16, 2024. Cantor Fitzgerald initiated its recommendation with a Neutral and recommended $205 as its price target on January 23, 2024. Wolfe Research upgraded its rating to Outperform for this stock on January 18, 2024, but kept the price target unchanged to $225. In a note dated January 04, 2024, Bernstein downgraded an Mkt Perform rating on this stock but restated the target price of $200.
For the past year, the stock price of Analog Devices Inc. fluctuated between $154.99 and $244.14. Currently, Wall Street analysts expect the stock to reach $224.64 within the next 12 months. Analog Devices Inc. [NASDAQ: ADI] shares were valued at $235.23 at the most recent close of the market. An investor can expect a potential drop of -4.5% based on the average ADI price forecast.
Analyzing the ADI fundamentals
According to Analog Devices Inc. [NASDAQ:ADI], the company’s sales were 9.70B for trailing twelve months, which represents an -24.84% plunge. Gross Profit Margin for this corporation currently stands at 0.54% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
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 230.87 points at the first support level, and at 226.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 237.72, and for the 2nd resistance point, it is at 240.22.
Ratios To Look Out For
It is important to note that Analog Devices Inc. [NASDAQ:ADI] has a current ratio of 1.68. Also, the Quick Ratio is 1.24, while the Cash Ratio stands at 0.65. Considering the valuation of this stock, the price to sales ratio is 12.04, the price to book ratio is 3.32 and price to earnings (TTM) ratio is 70.93.
Transactions by insiders
Recent insider trading involved ROCHE VINCENT, Chair & CEO, that happened on Oct 01 ’24 when 10000.0 shares were sold. EVP & Pres. Global Bus. Units, Bryant Gregory M completed a deal on Oct 01 ’24 to sell 30000.0 shares. Meanwhile, Officer Bryant Gregory M bought 30000.0 shares on Oct 01 ’24.
