Analog Devices Inc. (NASDAQ: ADI)’s stock price has gone rise by 1.61 in comparison to its previous close of 183.36, however, the company has experienced a -2.09% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that The Analog/Mixed Signal Semiconductor industry is a mixed bag this year with much dependent on ongoing inventory management, the macro situation and geopolitical issues. Long-term prospects remain solid.
Is It Worth Investing in Analog Devices Inc. (NASDAQ: ADI) Right Now?
Analog Devices Inc. (NASDAQ: ADI) has a higher price-to-earnings ratio of 33.34x compared to its average ratio, The 36-month beta value for ADI is at 1.17. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for ADI is 494.04M, and currently, shorts hold a 1.71% of that float. The average trading volume for ADI on April 23, 2024 was 3.41M shares.
ADI’s Market Performance
ADI’s stock has seen a -2.09% decrease for the week, with a -4.53% drop in the past month and a -5.57% fall in the past quarter. The volatility ratio for the week is 2.29%, and the volatility levels for the past 30 days are at 2.26% for Analog Devices Inc. The simple moving average for the last 20 days is -3.66% for ADI’s stock, with a simple moving average of 0.40% for the last 200 days.
Analysts’ Opinion of ADI
Many brokerage firms have already submitted their reports for ADI stocks, with Evercore ISI repeating the rating for ADI by listing it as a “Outperform.” The predicted price for ADI in the upcoming period, according to Evercore ISI is $254 based on the research report published on April 16, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see ADI reach a price target of $205. The rating they have provided for ADI stocks is “Neutral” according to the report published on January 23rd, 2024.
Wolfe Research gave a rating of “Outperform” to ADI, setting the target price at $225 in the report published on January 18th of the current year.
ADI Trading at -3.40% 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 -8.76% of loss for the given period.
Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 2.29%, as shares sank -3.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.99% lower at present.
During the last 5 trading sessions, ADI fell by -2.09%, which changed the moving average for the period of 200-days by +0.06% in comparison to the 20-day moving average, which settled at $193.03. In addition, Analog Devices Inc. saw -6.17% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADI starting from Jain Vivek, who sale 3,479 shares at the price of $197.56 back on Apr 04 ’24. After this action, Jain Vivek now owns 5,745 shares of Analog Devices Inc., valued at $687,317 using the latest closing price.
ROCHE VINCENT, the Chair & CEO of Analog Devices Inc., sale 10,000 shares at $197.40 during a trade that took place back on Apr 01 ’24, which means that ROCHE VINCENT is holding 51,039 shares at $1,974,000 based on the most recent closing price.
Stock Fundamentals for ADI
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.62 for the gross margin
The net margin for Analog Devices Inc. stands at 0.24. The total capital return value is set at 0.07. Equity return is now at value 7.81, with 5.71 for asset returns.
Based on Analog Devices Inc. (ADI), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 11.65.
Currently, EBITDA for the company is 6.33 billion with net debt to EBITDA at 0.99. When we switch over and look at the enterprise to sales, we see a ratio of 8.48. The receivables turnover for the company is 9.67for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In conclusion, Analog Devices Inc. (ADI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
