The Analog Devices Inc. (NASDAQ:ADI) is going down by -1.82% in today’s trading session, a fall equivalent to -2.02% of the stock’s price from yesterday’s market close. A news came out 2 hours ago stating that These numbers will tell you if your tech stock is a plodding dinosaur or a speedy raptor by MARKETWATCH. The lowest point that the shares touched during the trading session was $110.93, while the peak of the day was recorded at a share price of $113.36. ADI finished the previous session at $111.26 according to the data provided by Barchart, while the trading volume was observed to be $696083.
In the 100 days of trading, ADI managed to top a 112.01% Moving average. Additionally, Analog Devices Inc. shares have achieved a 52-week range between 80.08 and 124.79 alongside 100 days raw stochastic set at 29.93%.
The number of shares outstanding, according to the fundamentals of the company, is set at 370.75M, equal to the value of $41.25B in market capitalization. In the last 30 days, Analog Devices Inc. shares went down by -5.99%, adding 116.31 to growth in value, on top of a +1.70% boost since 11/01/19.
Analog Devices Inc. (NASDAQ:ADI) Analyst’s Estimates
Analog Devices Inc. (ADI) could record at least $1.01 per share in quarterly earnings in the upcoming report on 02/25/2020, a number that would actually represent an increase of 5.56 YOY.
According to the average analyst rating, Analog Devices Inc. would be rated as Overweight. Out of 26 different analysts monitoring ADI stock, 13 analysts rate the stock as a BUY, 9 suggest to give the rating of HOLD, 3 indicate that ADI is an OVERWEIGHT, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On November 29, 2019, the stock earned a Reiterated rating due to a new analyst call from Loop Capital, while analysts from Raymond James believe that the stock is set at Outperform from Mkt Perform, as concluded on October 30, 2019. Daiwa Securities, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on October 22, 2019.
Regardless of the rating, KeyBanc Capital Markets did increase their price to $130 as they are considering target share price analysis. Goldman, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on June 10, 2019, giving the stock a Buy from the Sell rating.
ADI Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +59.81% has been attained, while the operating margin has been recorded at +30.02%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 6.50%. Beta value of the stock is recorded at 1.41. Additionally, Analog Devices Inc. is recording price volatility of 3.23% for the period of the last seven days and 2.14% in the last 30 days.
Analog Devices Inc. (NASDAQ:ADI) Technical Outlook
For the period of the last 50 days, Analog Devices Inc. had its Raw Stochastic average set at 40.58% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 20.80%. Stochastic %K for Analog Devices Inc., with the last 20 days included, was set at 41.74%, having Stochastic %D topping 58.06%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Analog Devices Inc. stocks with recording 29.63% in metrics.
Analog Devices Inc. Insider Watch:
Similarly, 92.84% of the company’s float is held by institutions – and there are 1,157 institutions in total holding shares of this company. The top three institutional holders of ADI stocks are: Vanguard Group, Inc. (The) with ownership of $3.59 billion, which is approximately 32119115 of the company’s shares; Blackrock Inc., holding 24432403 shares of the stock with an approximate value of $2.73 billion; and JP Morgan Chase & Company, currently with more than 19375380 shares of the company valued at $2.16 billion. Positions in Analog Devices Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 20 insider purchases amounting to 135426 shares. Similarly, there were 17 sale transactions amounting to 146382 shares, with the net shares purchased during the last six months reaching -10,956.