For Analog Devices Inc. [ADI], Analyst sees a rise to $225. What next?

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Analog Devices Inc. [NASDAQ: ADI] gained 3.99% or 6.2 points to close at $161.45 with a heavy trading volume of 3572550 shares. The company report on June 27, 2022 that Analog Devices Appoints André Andonian to its Board of Directors.


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Analog Devices Inc. (NASDAQ: ADI) today announced that its Board of Directors has appointed André Andonian as an independent director effective as of June 27, 2022. Andonian is the Chief Executive Officer of Andonian Advisory Pte. Ltd., a consulting and advisory firm that he founded that provides board and executive level advisory services to both public and private companies. Previously, Andonian was Senior Partner, Chairman of Japan and Managing Partner of Korea with McKinsey & Company. Andonian brings particular expertise in transforming companies into global leaders in the high-tech, advanced industries, aerospace, biotech and basic materials sectors, and has deep experience in the assessment and development of talent. His appointment expands ADI’s board to 13 members.

“We are pleased to welcome André to the ADI Board,” said Vincent Roche, ADI’s CEO and Chair. “He brings significant experience working with senior leaders of companies around the world across a multitude of industries on a broad range of strategic and operational issues, including driving major high-tech transformations. We look forward to benefiting from his global insights and expertise as we continue to strive to stay ahead of our customers’ needs and work to solve their toughest challenges.”.

It opened the trading session at $156.93, the shares rose to $162.00 and dropped to $156.83, the range by which the price of stock traded the whole day. The daily chart for ADI points out that the company has recorded -6.13% loss over the past six months. However, it is still -16.57% lower than its most recent low trading price.

If we look at the average trading volume of 3.44M shares, ADI reached to a volume of 3572550 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $196.21 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.

UBS have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 17, 2022. While these analysts kept the previous recommendation, Truist raised their target price from $204 to $208. The new note on the price target was released on February 17, 2022, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise from $194 to $196, while Morgan Stanley kept a Equal-Weight rating on ADI stock. On February 17, 2022, analysts decreased their price target for ADI shares from 200 to 185.

The Average True Range (ATR) for Analog Devices Inc. is set at 5.05, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 8.35. The Price to Book ratio for the last quarter was 2.27, with the Price to Cash per share for the same quarter was set at 3.44. Price to Free Cash Flow for ADI in the course of the last twelve months was 44.85 with Quick ratio for the last quarter at 1.50.

Trading performance analysis for ADI stock

Analog Devices Inc. [ADI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.05. With this latest performance, ADI shares gained by 12.54% in over the last four-week period, additionally sinking by -6.13% over the last 6 months – not to mention a rise of 1.55% 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 62.86, with the RSI for the last a single of trading hit 70.44, and the three-weeks RSI is set at 58.01 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 155.02, while it was recorded at 155.43 for the last single week of trading, and 164.74 for the last 200 days.

Analog Devices Inc. [ADI]: A deeper dive into fundamental analysis

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 2.00.

Analog Devices Inc. [ADI]: An earnings per share (EPS) analysis

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 18.71%.

An analysis of insider ownership at Analog Devices Inc. [ADI]

There are presently around $69,641 million, or 88.10% of ADI stock, in the hands of institutional investors. The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 45,285,833, which is approximately -1.611% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 41,336,429 shares of the stock with an approximate value of $6.42 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $4.12 billion in ADI stock with ownership of nearly -4.571% of the company’s market capitalization.

683 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 27,126,026 shares. Additionally, 590 investors decreased positions by around 30,973,090 shares, while 210 investors held positions by with 390,473,448 shares. The mentioned changes placed institutional holdings at 448,572,564 shares, according to the latest SEC report filing. ADI stock had 120 new institutional investments in for a total of 4,553,779 shares, while 126 institutional investors sold positions of 4,937,718 shares during the same period.

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