Analog Devices Inc. [ADI] Is Currently -0.26 below its 200 Period Moving Avg: What Does This Mean?

Analog Devices Inc. [NASDAQ: ADI] loss -0.26% or -0.48 points to close at $180.66 with a heavy trading volume of 3550542 shares. The company report on April 24, 2023 at 1:47 PM that Analog Devices Appoints Alan Lee as Chief Technology Officer.

Analog Devices, Inc. (Nasdaq: ADI) today announced the appointment of Alan Lee to the position of Chief Technology Officer (CTO). In this role, Alan will identify and work to advance the next-generation technologies that will disrupt and shape the semiconductor industry and its markets. He and his team will collaborate closely with ADI customers, universities, research organizations, and other strategic partners to incubate novel technologies and develop the ecosystems to support their market entry.

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It opened the trading session at $181.23, the shares rose to $182.48 and dropped to $179.65, the range by which the price of stock traded the whole day. The daily chart for ADI points out that the company has recorded 25.00% gains over the past six months. However, it is still -35.35% lower than its most recent low trading price.

If we look at the average trading volume of 3.31M shares, ADI reached to a volume of 3550542 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 $218.28 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.

BofA Securities have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 04, 2023. While these analysts kept the previous recommendation, Susquehanna raised their target price to Positive. The new note on the price target was released on December 12, 2022, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise from $190 to $200, while Cowen kept a Outperform rating on ADI stock. On November 23, 2022, analysts increased their price target for ADI shares from 180 to 190.

The Average True Range (ATR) for Analog Devices Inc. is set at 4.01, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 7.29. The Price to Book ratio for the last quarter was 2.51, with the Price to Cash per share for the same quarter was set at 3.29. Price to Free Cash Flow for ADI in the course of the last twelve months was 34.04 with Quick ratio for the last quarter at 1.50.

Trading performance analysis for ADI stock

Analog Devices Inc. [ADI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.18. With this latest performance, ADI shares dropped by -2.22% in over the last four-week period, additionally plugging by 25.00% over the last 6 months – not to mention a rise of 13.68% 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 37.60, with the RSI for the last a single of trading hit 29.10, and the three-weeks RSI is set at 42.92 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 187.26, while it was recorded at 184.42 for the last single week of trading, and 166.98 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 +29.37 and a Gross Margin at +54.19. Analog Devices Inc.’s Net Margin is presently recorded at +22.88.

Return on Total Capital for ADI is now 7.97, given the latest momentum, and Return on Invested Capital for the company is 6.25. Return on Equity for this stock inclined to 7.38, with Return on Assets sitting at 5.36. When it comes to the capital structure of this company, Analog Devices Inc. [ADI] has a Total Debt to Total Equity ratio set at 19.03. Additionally, ADI Total Debt to Total Capital is recorded at 15.99, with Total Debt to Total Assets ending up at 13.80. Long-Term Debt to Equity for the company is recorded at 18.88, with the Long-Term Debt to Total Capital now at 15.86.

Reflecting on the efficiency of the workforce at the company, Analog Devices Inc. [ADI] managed to generate an average of $112,416 per employee. Receivables Turnover for the company is 7.37 with a Total Asset Turnover recorded at a value of 0.23.Analog Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.10.

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 6.60%.

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

There are presently around $78,915 million, or 89.30% of ADI stock, in the hands of institutional investors. The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 46,000,666, which is approximately 0.266% of the company’s market cap and around 0.37% of the total institutional ownership; BLACKROCK INC., holding 41,661,558 shares of the stock with an approximate value of $7.53 billion in ADI stocks shares; and STATE STREET CORP, currently with $3.64 billion in ADI stock with ownership of nearly -0.45% of the company’s market capitalization.

Positions in Analog Devices Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 737 institutional holders increased their position in Analog Devices Inc. [NASDAQ:ADI] by around 20,880,078 shares. Additionally, 627 investors decreased positions by around 26,565,416 shares, while 213 investors held positions by with 389,367,277 shares. The mentioned changes placed institutional holdings at 436,812,771 shares, according to the latest SEC report filing. ADI stock had 231 new institutional investments in for a total of 4,864,634 shares, while 96 institutional investors sold positions of 4,378,420 shares during the same period.


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