Analog Devices Inc. [ADI] fell -2.84% so far this year. What now?

Analog Devices Inc. [NASDAQ: ADI] traded at a high on 09/09/20, posting a 2.24 gain after which it closed the day’ session at $115.46. The company report on September 9, 2020 that Analog Devices Introduces Automotive Industry’s First Wireless Battery Management System for Electric Vehicles.

General Motors to use ADI’s Wireless Battery Management System Across its Ultium Battery Platform.

Analog Devices, Inc. (Nasdaq: ADI) today announced the industry’s first wireless battery management system (wBMS), which enables automotive manufacturers increased flexibility to scale their electric vehicle fleets into volume production across a wide range of vehicle classes. This is the first wireless battery management system available for production electric vehicles, and it will debut on General Motors’ production vehicles powered by Ultium batteries.

The results of the trading session contributed to over 3698024 shares changing hands. Over the past one week, the price volatility of Analog Devices Inc. stands at 3.11% while the volatility over the past one month is 2.05%.

The market cap for ADI stock reached $42.51 billion, with 368.79 million shares outstanding and 367.96 million shares in the current float. Compared to the average trading volume of 3.27M shares, ADI reached a trading volume of 3698024 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $138.40 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 1.90. 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.

Daiwa Securities have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 13, 2020. The new note on the price target was released on July 14, 2020, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise from $101 to $117, while Morgan Stanley kept a Equal-Weight rating on ADI stock. On February 20, 2020, analysts increased their price target for ADI shares from 115 to 144.

The Average True Range (ATR) for Analog Devices Inc. is set at 2.77, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 7.70. The Price to Book ratio for the last quarter was 3.61, with the Price to Cash per share for the same quarter was set at 2.96. Price to Free Cash Flow for ADI in the course of the last twelve months was 44.74 with Quick ratio for the last quarter at 1.10.

How has ADI stock performed recently?

Analog Devices Inc. [ADI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.78. With this latest performance, ADI shares dropped by -1.11% in over the last four-week period, additionally plugging by 22.30% over the last 6 months – not to mention a rise of 1.30% 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 45.61, with the RSI for the last a single of trading hit 44.14, and the three-weeks RSI is set at 47.11 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 117.84, while it was recorded at 116.96 for the last single week of trading, and 112.44 for the last 200 days.

Analog Devices Inc. [ADI]: Deeper insight into the 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 1.10 and a Current Ratio set at 1.50.

Earnings analysis for Analog Devices Inc. [ADI]

With the latest financial reports released by the company, Analog Devices Inc. posted 1.19/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 fail the estimates by a Surprise Factor of -2.50%. 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 8.45%.

Insider trade positions for Analog Devices Inc. [ADI]

There are presently around $37,211 million, or 87.90% of ADI stock, in the hands of institutional investors. The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 32,366,016, which is approximately -2.855% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 27,813,573 shares of the stock with an approximate value of $3.21 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $2.52 billion in ADI stock with ownership of nearly 9.336% of the company’s market capitalization.

Positions in Analog Devices Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 459 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 22,482,358 shares. Additionally, 458 investors decreased positions by around 21,040,715 shares, while 138 investors held positions by with 278,763,980 shares. The mentioned changes placed institutional holdings at 322,287,053 shares, according to the latest SEC report filing. ADI stock had 136 new institutional investments in for a total of 5,799,810 shares, while 78 institutional investors sold positions of 4,110,515 shares during the same period.

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