Analog Devices Inc. [NASDAQ: ADI] surged by $0.28 during the normal trading session on Thursday and reaching a high of $123.47 during the day while it closed the day at $122.81. Analog Devices Inc. stock has also gained 6.19% of its value over the past 7 days. However, ADI stock has inclined by 35.97% in the 3 months of the year. Over the past six months meanwhile, it has gained 3.36% and gained 3.34% year-on date.
The market cap for ADI stock reached $44.19 billion, with 368.22 million shares outstanding and 367.23 million shares in the current float. Compared to the average trading volume of 2.78M shares, ADI reached a trading volume of 1247304 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Analog Devices Inc. [ADI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADI shares is $126.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADI stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on June 16, 2020. While these analysts kept the previous recommendation, Citigroup raised their target price from $115 to $144. The new note on the price target was released on February 20, 2020, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise from $125 to $130, while Loop Capital kept a Buy rating on ADI stock.
The Average True Range (ATR) for Analog Devices Inc. is set at 4.02, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 7.97. The Price to Book ratio for the last quarter was 3.90, with the Price to Cash per share for the same quarter was set at 2.18. Price to Free Cash Flow for ADI in the course of the last twelve months was 47.17 with Quick ratio for the last quarter at 0.90.
ADI stock trade performance evaluation
Analog Devices Inc. [ADI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.19. With this latest performance, ADI shares gained by 15.50% in over the last four-week period, additionally plugging by 3.36% over the last 6 months – not to mention a rise of 10.60% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADI stock in for the last two-week period is set at 62.68, with the RSI for the last a single of trading hit 62.22, and the three-weeks RSI is set at 59.53 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 110.11, while it was recorded at 120.99 for the last single week of trading, and 110.54 for the last 200 days.
Analog Devices Inc. [ADI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Analog Devices Inc. [ADI] shares currently have an operating margin of +30.02 and a Gross Margin at +59.81. Analog Devices Inc.’s Net Margin is presently recorded at +22.70.
Return on Total Capital for ADI is now 10.42, given the latest momentum, and Return on Invested Capital for the company is 7.96. Return on Equity for this stock inclined to 11.98, with Return on Assets sitting at 6.50. When it comes to the capital structure of this company, Analog Devices Inc. [ADI] has a Total Debt to Total Equity ratio set at 46.90. Additionally, ADI Total Debt to Total Capital is recorded at 31.93, with Total Debt to Total Assets ending up at 25.67. Long-Term Debt to Equity for the company is recorded at 44.34, with the Long-Term Debt to Total Capital now at 30.19.
Reflecting on the efficiency of the workforce at the company, Analog Devices Inc. [ADI] managed to generate an average of $82,914 per employee. Receivables Turnover for the company is 9.40 with a Total Asset Turnover recorded at a value of 0.29.Analog Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.30.
Earnings per share (EPS) analysis for Analog Devices Inc. [ADI] stock
With the latest financial reports released by the company, Analog Devices Inc. posted 1.26/share EPS, while the average EPS was predicted by analysts to be reported at 1.22/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Analog Devices Inc. go to 6.39%.
Analog Devices Inc. [ADI]: Insider Ownership positions
There are presently around $39,326 million, or 88.20% of ADI stock, in the hands of institutional investors. The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 33,317,320, which is approximately 2.693% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 27,803,033 shares of the stock with an approximate value of $3.41 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $2.45 billion in ADI stock with ownership of nearly -5.687% of the company’s market capitalization.
Positions in Analog Devices Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 413 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 24,890,293 shares. Additionally, 512 investors decreased positions by around 26,229,234 shares, while 130 investors held positions by with 269,829,726 shares. The mentioned changes placed institutional holdings at 320,949,253 shares, according to the latest SEC report filing. ADI stock had 93 new institutional investments in for a total of 6,004,655 shares, while 130 institutional investors sold positions of 2,378,636 shares during the same period.