Analog Devices Inc. [NASDAQ: ADI] stock went on an upward path that rose over 2.15% on Tuesday, amounting to a one-week price decrease of less than -8.77%.
Over the last 12 months, ADI stock rose by 8.78%. The one-year Analog Devices Inc. stock forecast points to a potential upside of 21.25. The average equity rating for ADI stock is currently 1.84, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $101.67 billion, with 496.26 million shares outstanding and 494.23 million shares in the current float. Compared to the average trading volume of 3.35M shares, ADI stock reached a trading volume of 4658150 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $260.18 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 1.84. 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.
TD Cowen have made an estimate for Analog Devices Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 23, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $224 to $250. The new note on the price target was released on May 13, 2024, representing the official price target for Analog Devices Inc. stock. Previously, the target price had yet another raise to $254, while Evercore ISI analysts kept a Outperform rating on ADI stock.
The Average True Range (ATR) for Analog Devices Inc. is set at 7.71, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 9.72. The Price to Book ratio for the last quarter was 2.88, with the Price to Cash per share for the same quarter was set at 4.76. Price to Free Cash Flow for ADI in the course of the last twelve months was 33.18 with Quick ratio for the last quarter at 1.13.
ADI Stock Performance Analysis:
Analog Devices Inc. [ADI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.77. With this latest performance, ADI shares dropped by -12.20% in over the last four-week period, additionally plugging by 6.40% over the last 6 months – not to mention a rise of 8.78% 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 36.11, with the RSI for the last a single of trading hit 32.73, and the three-weeks RSI is set at 39.23 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 230.19, while it was recorded at 212.74 for the last single week of trading, and 200.52 for the last 200 days.
Insight into Analog Devices Inc. Fundamentals:
Analog Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.13 and a Current Ratio set at 1.57.
ADI Stock EPS
With the latest financial reports released by the company, Analog Devices Inc. posted 2.49/share EPS, while the average EPS was predicted by analysts to be reported at 2.52/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.20%. 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 -1.41%.
Analog Devices Inc. [ADI] Institutonal Ownership Details
The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ADI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ADI stock with ownership which is approximately 5.1238%.
