Barclays lifts Analog Devices Inc. [ADI] price estimate. Who else is bullish?

Analog Devices Inc. [NASDAQ: ADI] gained 1.42% or 2.11 points to close at $151.04 with a heavy trading volume of 4966568 shares. The company report on November 7, 2022 that UMass Lowell, Analog Devices, and the Analog Devices Foundation Collaborate to Advance Student Learning in Science and Engineering With New RF/Microwave Learning Lab.

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UMass Lowell, Analog Devices, Inc. (Nasdaq: ADI), and the Analog Devices Foundation have teamed up to create an Analog Devices RF/Microwave Learning Lab. The state-of-the-art lab officially opened today during a ribbon-cutting ceremony attended by UMass Lowell Vice Chancellor for Research and Innovation Anne Maglia, UMass Lowell Provost and Vice Chancellor for Academic and Student Affairs Joseph Hartman, ADI Senior Vice President and CTO as well as Analog Devices Foundation Board Member Dan Leibholz, ADI Vice President of Aerospace and Defense Bryan Goldstein, and ADI General Manager of Aerospace and Defense Yasmine King.

This press release features multimedia. View the full release here:

It opened the trading session at $151.14, the shares rose to $155.60 and dropped to $150.025, the range by which the price of stock traded the whole day. The daily chart for ADI points out that the company has recorded -2.69% loss over the past six months. However, it is still -13.16% lower than its most recent low trading price.

If we look at the average trading volume of 3.56M shares, ADI reached to a volume of 4966568 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 $187.91 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 2.00. 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.

Barclays have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on October 24, 2022. While these analysts kept the previous recommendation, Cowen raised their target price to Outperform. The new note on the price target was released on October 11, 2022, representing the official price target for Analog Devices Inc. stock. On February 17, 2022, analysts increased their price target for ADI shares from 220 to 225.

The Average True Range (ATR) for Analog Devices Inc. is set at 5.31, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 6.89. The Price to Book ratio for the last quarter was 2.13, with the Price to Cash per share for the same quarter was set at 3.01. Price to Free Cash Flow for ADI in the course of the last twelve months was 34.56 with Quick ratio for the last quarter at 1.40.

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 4.38. With this latest performance, ADI shares gained by 7.20% in over the last four-week period, additionally sinking by -2.69% over the last 6 months – not to mention a drop of -18.12% 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 58.05, with the RSI for the last a single of trading hit 63.17, and the three-weeks RSI is set at 54.60 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 145.68, while it was recorded at 144.70 for the last single week of trading, and 156.35 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 1.40 and a Current Ratio set at 1.90.

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 14.68%.

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

There are presently around $67,037 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 45,739,493, which is approximately 1.002% of the company’s market cap and around 0.92% of the total institutional ownership; BLACKROCK INC., holding 40,189,784 shares of the stock with an approximate value of $6.07 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $3.69 billion in ADI stock with ownership of nearly -7.925% 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 619 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 25,257,785 shares. Additionally, 620 investors decreased positions by around 29,485,519 shares, while 195 investors held positions by with 389,089,834 shares. The mentioned changes placed institutional holdings at 443,833,138 shares, according to the latest SEC report filing. ADI stock had 104 new institutional investments in for a total of 4,033,130 shares, while 112 institutional investors sold positions of 2,974,933 shares during the same period.


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