Analog Devices Inc. [NASDAQ: ADI] traded at a high on Thursday, posting a 4.86 gain after which it closed the day’ session at $233.45.
The results of the trading session contributed to over 7155243 shares changing hands. Over the past one week, the price volatility of Analog Devices Inc. stands at 2.55% while the volatility over the past one month is 2.91%.
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The market cap for ADI stock reached $115.91 billion, with 496.26 million shares outstanding and 494.45 million shares in the current float. Compared to the average trading volume of 3.32M shares, ADI reached a trading volume of 7155243 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 $262.04 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 7.36, with the Price to Sales ratio for ADI stock in the period of the last 12 months amounting to 11.95. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 5.13. Price to Free Cash Flow for ADI in the course of the last twelve months was 39.32 with Quick ratio for the last quarter at 1.24.
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 5.38. With this latest performance, ADI shares gained by 4.46% in over the last four-week period, additionally plugging by 20.14% over the last 6 months – not to mention a rise of 30.60% 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 57.98, with the RSI for the last a single of trading hit 62.52, and the three-weeks RSI is set at 55.54 for Analog Devices Inc. [ADI]. The present Moving Average for the last 50 days of trading for this stock 224.01, while it was recorded at 226.03 for the last single week of trading, and 208.27 for the last 200 days.
Analog Devices Inc. [ADI]: Deeper insight into the fundamentals
Analog Devices Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.24 and a Current Ratio set at 1.68.
Earnings analysis for Analog Devices Inc. [ADI]
With the latest financial reports released by the company, Analog Devices Inc. posted 2.01/share EPS, while the average EPS was predicted by analysts to be reported at 2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.01. 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 -2.56%.
Insider trade positions for Analog Devices Inc. [ADI]
There are presently around $93.07%, or 93.30%% of ADI stock, in the hands of institutional investors. The top three institutional holders of ADI stocks are: VANGUARD GROUP INC with ownership of 48.14 million shares, which is approximately 9.7033%. BLACKROCK INC., holding 39.55 million shares of the stock with an approximate value of $$9.03 billion in ADI stocks shares; and BLACKROCK INC., currently with $$5.86 billion in ADI stock with ownership which is approximately 5.1724%.
