Market cap of Analog Devices Inc. [ADI] reaches 92.76B – now what?

Analog Devices Inc. [NASDAQ: ADI] closed the trading session at $174.08 on 09/15/21. The day’s price range saw the stock hit a low of $172.08, while the highest price level was $174.46. The company report on September 14, 2021 that Analog Devices Appoints Janene Asgeirsson as Chief Legal Officer.

Analog Devices, Inc. (NASDAQ: ADI) has appointed Janene Asgeirsson as the company’s new Senior Vice President, Chief Legal Officer and Corporate Secretary. Asgeirsson is a highly accomplished legal advisor with more than 20 years of experience in corporate law. She will be responsible for overseeing ADI’s legal matters, including M&A, litigation, intellectual property, governance, compliance and corporate matters. She is also responsible for the company’s internal audit and risk functions in her capacity as Chief Risk Officer.

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The stocks have a year to date performance of 17.84 percent and weekly performance of 6.36 percent. The stock has been moved at 12.92 percent over the last six months. The stock has performed 1.76 percent around the most recent 30 days and changed 4.85 percent over the most recent 3-months.

If compared to the average trading volume of 4.06M shares, ADI reached to a volume of 4453446 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 $190.32 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 1.80. 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 September 13, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Equal Weight. The new note on the price target was released on July 26, 2021, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise from $178 to $200, while BofA Securities kept a Buy rating on ADI stock.

The Average True Range (ATR) for Analog Devices Inc. is set at 3.51, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 14.26. The Price to Book ratio for the last quarter was 5.23, with the Price to Cash per share for the same quarter was set at 2.78. Price to Free Cash Flow for ADI in the course of the last twelve months was 73.83 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 6.36. With this latest performance, ADI shares gained by 1.76% in over the last four-week period, additionally plugging by 12.92% over the last 6 months – not to mention a rise of 49.99% 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 64.82, with the RSI for the last a single of trading hit 72.32, and the three-weeks RSI is set at 60.77 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 166.58, while it was recorded at 171.82 for the last single week of trading, and 158.00 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 +28.08 and a Gross Margin at +58.25. Analog Devices Inc.’s Net Margin is presently recorded at +21.79.

Return on Total Capital for ADI is now 9.07, given the latest momentum, and Return on Invested Capital for the company is 7.11. Return on Equity for this stock inclined to 10.30, with Return on Assets sitting at 5.70. When it comes to the capital structure of this company, Analog Devices Inc. [ADI] has a Total Debt to Total Equity ratio set at 45.62. Additionally, ADI Total Debt to Total Capital is recorded at 31.33, with Total Debt to Total Assets ending up at 25.50. Long-Term Debt to Equity for the company is recorded at 45.29, with the Long-Term Debt to Total Capital now at 31.10.

Reflecting on the efficiency of the workforce at the company, Analog Devices Inc. [ADI] managed to generate an average of $76,777 per employee. Receivables Turnover for the company is 8.16 with a Total Asset Turnover recorded at a value of 0.26.Analog Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.

Earnings per share (EPS) analysis for Analog Devices Inc. [ADI] stock

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 17.27%.

Analog Devices Inc. [ADI]: Insider Ownership positions

There are presently around $89,412 million, or 99.17% of ADI stock, in the hands of institutional investors. The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 49,735,959, which is approximately 0.444% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 44,701,568 shares of the stock with an approximate value of $7.78 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $6.07 billion in ADI stock with ownership of nearly 4.427% of the company’s market capitalization.

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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 684 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 42,454,116 shares. Additionally, 526 investors decreased positions by around 27,896,869 shares, while 214 investors held positions by with 443,272,365 shares. The mentioned changes placed institutional holdings at 513,623,350 shares, according to the latest SEC report filing. ADI stock had 140 new institutional investments in for a total of 10,542,830 shares, while 84 institutional investors sold positions of 4,078,390 shares during the same period.

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