Analog Devices Inc. (NASDAQ: ADI)’s stock price has decreased by -1.77 compared to its previous closing price of 191.31. However, the company has seen a 2.81% increase in its stock price over the last five trading sessions.
Is It Worth Investing in Analog Devices Inc. (NASDAQ: ADI) Right Now?
The price-to-earnings ratio for Analog Devices Inc. (NASDAQ: ADI) is 28.37x, which is above its average ratio. Moreover, the 36-month beta value for ADI is 1.13. Analysts have varying opinions on the stock, with 18 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The average price recommended by analysts for Analog Devices Inc. (ADI) is $220.10, which is $31.3 above the current market price. The public float for ADI is 504.56M and currently, short sellers hold a 1.05% of that float. On May 24, 2023, ADI’s average trading volume was 3.00M shares.
ADI’s Market Performance
The stock of Analog Devices Inc. (ADI) has seen a 2.81% increase in the past week, with a 0.51% rise in the past month, and a 2.26% gain in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.10% for ADI. The simple moving average for the last 20 days is 2.45% for ADI stock, with a simple moving average of 11.34% for the last 200 days.
ADI Trading at 0.78% from the 50-Day Moving Average
After a stumble in the market that brought ADI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.21% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +3.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.94% upper at present.
During the last 5 trading sessions, ADI rose by +2.81%, which changed the moving average for the period of 200-days by +6.02% in comparison to the 20-day moving average, which settled at $183.77. In addition, Analog Devices Inc. saw 14.56% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADI starting from Mahendra-Rajah Prashanth, who sale 8,751 shares at the price of $189.00 back on Mar 21. After this action, Mahendra-Rajah Prashanth now owns 23,871 shares of Analog Devices Inc., valued at $1,653,939 using the latest closing price.
Mahendra-Rajah Prashanth, the EVP, Finance & CFO of Analog Devices Inc., sale 26,250 shares at $187.01 during a trade that took place back on Mar 20, which means that Mahendra-Rajah Prashanth is holding 23,871 shares at $4,908,976 based on the most recent closing price.
Stock Fundamentals for ADI
Current profitability levels for the company are sitting at:
- +29.37 for the present operating margin
- +54.19 for the gross margin
The net margin for Analog Devices Inc. stands at +22.88. The total capital return value is set at 7.97, while invested capital returns managed to touch 6.25. Equity return is now at value 9.40, with 6.80 for asset returns.
Based on Analog Devices Inc. (ADI), the company’s capital structure generated 19.03 points at debt to equity in total, while total debt to capital is 15.99. Total debt to assets is 13.80, with long-term debt to equity ratio resting at 18.88. Finally, the long-term debt to capital ratio is 15.86.
When we switch over and look at the enterprise to sales, we see a ratio of 8.13, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 7.37 and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To wrap up, the performance of Analog Devices Inc. (ADI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
