The stock of Analog Devices Inc (ADI) has gone up by 5.29% for the week, with a -4.10% drop in the past month and a -4.79% drop in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are 2.14% for ADI. The simple moving average for the past 20 days is 0.62% for ADI’s stock, with a 2.26% simple moving average for the past 200 days.
Is It Worth Investing in Analog Devices Inc (NASDAQ: ADI) Right Now?
The price-to-earnings ratio for Analog Devices Inc (NASDAQ: ADI) is 66.56x, which is above its average ratio. Moreover, the 36-month beta value for ADI is 1.06. Analysts have varying opinions on the stock, with 14 analysts rating it as a “buy,” 6 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for ADI is 495.27M and currently, short sellers hold a 1.50% of that float. On November 25, 2024, ADI’s average trading volume was 2.80M shares.
ADI) stock’s latest price update
The stock of Analog Devices Inc (NASDAQ: ADI) has increased by 2.86 when compared to last closing price of 214.59. Despite this, the company has experienced a 5.29% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-22 that WILMINGTON, Mass., Nov. 22, 2024 /PRNewswire/ — Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s Executive Vice President & Chief Financial Officer, Richard Puccio, will discuss business topics and trends at the UBS Global Technology Conference, taking place at the Phoenician Hotel, located in Scottsdale, Arizona on Tuesday, December 3, 2024, at 10:15 a.m.
Analysts’ Opinion of ADI
Many brokerage firms have already submitted their reports for ADI stocks, with Wells Fargo repeating the rating for ADI by listing it as a “Equal Weight.” The predicted price for ADI in the upcoming period, according to Wells Fargo is $220 based on the research report published on November 22, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see ADI reach a price target of $233, previously predicting the price at $266. The rating they have provided for ADI stocks is “Hold” according to the report published on September 23rd, 2024.
TD Cowen gave a rating of “Buy” to ADI, setting the target price at $270 in the report published on May 23rd of the current year.
ADI Trading at -1.83% 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 -9.59% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares sank -3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.89% lower at present.
During the last 5 trading sessions, ADI rose by +5.55%, which changed the moving average for the period of 200-days by +13.47% in comparison to the 20-day moving average, which settled at $219.40. In addition, Analog Devices Inc saw 11.17% 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 $223.87 back on Nov 01 ’24. After this action, ROCHE VINCENT now owns 21,983 shares of Analog Devices Inc, valued at $2,238,700 using the latest closing price.
Bryant Gregory M, the EVP & Pres. Global Bus. Units of Analog Devices Inc, sale 20,000 shares at $223.87 during a trade that took place back on Nov 01 ’24, which means that Bryant Gregory M is holding 59,093 shares at $4,477,400 based on the most recent closing price.
Stock Fundamentals for ADI
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.54 for the gross margin
The net margin for Analog Devices Inc stands at 0.17. The total capital return value is set at 0.05. Equity return is now at value 4.66, with 3.38 for asset returns.
Based on Analog Devices Inc (ADI), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 6.79.
Currently, EBITDA for the company is 6.15 billion with net debt to EBITDA at 1.41. When we switch over and look at the enterprise to sales, we see a ratio of 11.89. The receivables turnover for the company is 8.61for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.68.
Conclusion
To wrap up, the performance of Analog Devices Inc (ADI) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
