Analog Devices Inc. [ADI] Is Currently -1.54 below its 200 Period Moving Avg: What Does This Mean?

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Analog Devices Inc. [NASDAQ: ADI] plunged by -$2.71 during the normal trading session on Wednesday and reaching a high of $177.18 during the day while it closed the day at $172.84. The company report on January 3, 2022 that Analog Devices to Participate in the J.P. Morgan Tech/Auto Forum.

Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s Chief Financial Officer, Prashanth Mahendra-Rajah, will speak at the J.P. Morgan 20th Annual Tech/Auto Forum to be held virtually on Wednesday, January 5, 2022, at 1:30 p.m. Eastern time.


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The webcast for the conference may be accessed live via the Investor Relations section of Analog Devices’ website at investor.analog.com. An archived replay will also be available following the webcast.

Analog Devices Inc. stock has also loss -1.53% of its value over the past 7 days. However, ADI stock has inclined by 4.09% in the 3 months of the year. Over the past six months meanwhile, it has gained 5.45% and lost -1.67% year-on date.

The market cap for ADI stock reached $92.19 billion, with 483.35 million shares outstanding and 366.72 million shares in the current float. Compared to the average trading volume of 3.15M shares, ADI reached a trading volume of 3610765 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 $208.16 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.

Deutsche Bank have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 15, 2021. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on October 13, 2021, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise from $119 to $215, while JP Morgan kept a Overweight rating on ADI stock.

The Average True Range (ATR) for Analog Devices Inc. is set at 4.08, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 12.60. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 3.71. Price to Free Cash Flow for ADI in the course of the last twelve months was 71.91 with Quick ratio for the last quarter at 1.50.

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 -1.53. With this latest performance, ADI shares dropped by -4.54% in over the last four-week period, additionally plugging by 5.45% over the last 6 months – not to mention a rise of 15.77% 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 42.66, with the RSI for the last a single of trading hit 40.61, and the three-weeks RSI is set at 44.56 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 179.34, while it was recorded at 175.22 for the last single week of trading, and 168.07 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 +26.16 and a Gross Margin at +54.53. Analog Devices Inc.’s Net Margin is presently recorded at +19.00.

Return on Equity for this stock inclined to 5.56, with Return on Assets sitting at 3.77.

Analog Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.90.

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 14.78%.

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Analog Devices Inc. [ADI]: Insider Ownership positions

There are presently around $82,167 million, or 88.30% 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 $7.67 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $5.5 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 674 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 30,031,730 shares. Additionally, 577 investors decreased positions by around 73,857,099 shares, while 181 investors held positions by with 364,164,535 shares. The mentioned changes placed institutional holdings at 468,053,364 shares, according to the latest SEC report filing. ADI stock had 116 new institutional investments in for a total of 4,520,574 shares, while 130 institutional investors sold positions of 27,318,099 shares during the same period.