Analog Devices Inc. [ADI] Revenue clocked in at $11.11 billion, down -8.25% YTD: What’s Next?

Analog Devices Inc. [NASDAQ: ADI] traded at a low on 11/16/22, posting a -2.36 loss after which it closed the day’ session at $161.27. The company report on November 16, 2022 that Analog Devices Announces World’s First Long-Reach, Single-pair Power over Ethernet (SPoE) Solutions for Smart Building and Factory Automation.

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Analog Devices, Inc. (Nasdaq: ADI) today announced the world’s first Single-pair Power over Ethernet (SPoE) Power Sourcing Equipment (PSE) and Power Device (PD) solutions to help customers drive greater levels of intelligence into smart buildings, factory automation, and other applications at the edge of traditional networks. The new offerings facilitate powered, last-mile connectivity for factory and building automation through real-time power management, telemetry, extremely low standby power consumption, and ease of installation.

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The results of the trading session contributed to over 3836258 shares changing hands. Over the past one week, the price volatility of Analog Devices Inc. stands at 3.14% while the volatility over the past one month is 3.12%.

The market cap for ADI stock reached $81.08 billion, with 517.01 million shares outstanding and 509.60 million shares in the current float. Compared to the average trading volume of 3.69M shares, ADI reached a trading volume of 3836258 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $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.

Credit Suisse have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 16, 2022. While these analysts kept the previous recommendation, Barclays dropped their target price from $180 to $140. The new note on the price target was released on October 24, 2022, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise to $180, while Cowen analysts kept a Outperform rating on ADI stock.

The Average True Range (ATR) for Analog Devices Inc. is set at 5.75, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 7.30. The Price to Book ratio for the last quarter was 2.28, with the Price to Cash per share for the same quarter was set at 3.03. Price to Free Cash Flow for ADI in the course of the last twelve months was 36.59 with Quick ratio for the last quarter at 1.40.

How has ADI stock performed recently?

Analog Devices Inc. [ADI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.80. With this latest performance, ADI shares gained by 14.29% in over the last four-week period, additionally plugging by 0.84% over the last 6 months – not to mention a drop of -14.07% 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 61.49, with the RSI for the last a single of trading hit 63.68, and the three-weeks RSI is set at 58.88 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 146.84, while it was recorded at 162.43 for the last single week of trading, and 156.36 for the last 200 days.

Analog Devices Inc. [ADI]: Deeper insight into the 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 1.40 and a Current Ratio set at 1.90.

Earnings analysis for Analog Devices Inc. [ADI]

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%.

Insider trade positions for Analog Devices Inc. [ADI]

There are presently around $71,736 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 45,878,473, which is approximately 0.304% of the company’s market cap and around 0.92% of the total institutional ownership; BLACKROCK INC., holding 42,266,420 shares of the stock with an approximate value of $6.82 billion in ADI stocks shares; and JPMORGAN CHASE & CO, currently with $3.43 billion in ADI stock with ownership of nearly -13.106% 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 625 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 23,058,367 shares. Additionally, 609 investors decreased positions by around 23,248,966 shares, while 202 investors held positions by with 398,509,737 shares. The mentioned changes placed institutional holdings at 444,817,070 shares, according to the latest SEC report filing. ADI stock had 107 new institutional investments in for a total of 5,709,377 shares, while 109 institutional investors sold positions of 2,721,104 shares during the same period.


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