Analog Devices Inc. [NASDAQ: ADI] closed the trading session at $182.45 on 11/23/21. The day’s price range saw the stock hit a low of $180.23, while the highest price level was $188.00. The company report on November 23, 2021 that Analog Devices Reports Record Fourth Quarter and Fiscal 2021 Results.
Fourth quarter revenue of $2.34 billion, exceeded the midpoint of guidance, and fiscal 2021 revenue of $7.32 billion was led by strength in the Industrial and Automotive markets.
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Operating cash flow of $2.7 billion and free cash flow of $2.4 billion in fiscal 2021.
The stocks have a year to date performance of 23.50 percent and weekly performance of -2.78 percent. The stock has been moved at 11.33 percent over the last six months. The stock has performed 1.07 percent around the most recent 30 days and changed 11.25 percent over the most recent 3-months.
If compared to the average trading volume of 4.52M shares, ADI reached to a volume of 4936708 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 $193.96 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.
UBS have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 13, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $119 to $215. The new note on the price target was released on September 20, 2021, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise to $179, while Morgan Stanley analysts kept a Equal-Weight rating on ADI stock.
The Average True Range (ATR) for Analog Devices Inc. is set at 3.91, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 14.99. The Price to Book ratio for the last quarter was 5.48, with the Price to Cash per share for the same quarter was set at 2.77. Price to Free Cash Flow for ADI in the course of the last twelve months was 77.60 with Quick ratio for the last quarter at 0.90.
ADI stock trade performance evaluation
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 gained by 1.07% in over the last four-week period, additionally plugging by 11.33% over the last 6 months – not to mention a rise of 33.11% 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 52.89, with the RSI for the last a single of trading hit 47.41, and the three-weeks RSI is set at 54.88 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 175.77, while it was recorded at 186.38 for the last single week of trading, and 164.64 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
With the latest financial reports released by the company, Analog Devices Inc. posted 1.44/share EPS, while the average EPS was predicted by analysts to be reported at 1.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.10%. 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 $86,675 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 45,832,256, which is approximately -7.849% of the company’s market cap and around 0.21% of the total institutional ownership; BLACKROCK INC., holding 43,693,296 shares of the stock with an approximate value of $7.97 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $5.72 billion in ADI stock with ownership of nearly -10.065% of the company’s market capitalization.
Positions in Analog Devices Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 681 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 30,674,463 shares. Additionally, 579 investors decreased positions by around 73,804,572 shares, while 183 investors held positions by with 370,584,766 shares. The mentioned changes placed institutional holdings at 475,063,801 shares, according to the latest SEC report filing. ADI stock had 119 new institutional investments in for a total of 4,529,639 shares, while 131 institutional investors sold positions of 27,321,956 shares during the same period.