Analog Devices Inc. (NASDAQ: ADI)’s stock price has increased by 0.12 compared to its previous closing price of 203.32. However, the company has seen a 1.48% increase in its stock price over the last five trading sessions. 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 price-to-earnings ratio that is above its average at 36.43x. The stock has a 36-month beta value of 1.10. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 6 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for ADI is 494.03M, and at present, short sellers hold a 1.73% of that float. On May 08, 2024, the average trading volume of ADI was 3.43M shares.
ADI’s Market Performance
The stock of Analog Devices Inc. (ADI) has seen a 1.48% increase in the past week, with a 3.50% rise in the past month, and a 7.31% gain in the past quarter. The volatility ratio for the week is 2.03%, and the volatility levels for the past 30 days are at 2.39% for ADI. The simple moving average for the past 20 days is 4.29% for ADI’s stock, with a 9.54% simple moving average for the past 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 4.73% 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 -0.31% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -0.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.70% upper at present.
During the last 5 trading sessions, ADI rose by +1.48%, which changed the moving average for the period of 200-days by +6.05% in comparison to the 20-day moving average, which settled at $195.16. In addition, Analog Devices Inc. saw 2.52% 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 ROCHE VINCENT, who sale 10,000 shares at the price of $197.06 back on May 01 ’24. After this action, ROCHE VINCENT now owns 51,039 shares of Analog Devices Inc., valued at $1,970,600 using the latest closing price.
Jain Vivek, the EVP, Global Operations of Analog Devices Inc., sale 3,479 shares at $197.56 during a trade that took place back on Apr 04 ’24, which means that Jain Vivek is holding 5,745 shares at $687,317 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 9.22. 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
To sum up, Analog Devices Inc. (ADI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
