Analog Devices Inc. (ADI) concluded trading on Wednesday at a closing price of $193.89, with 3.55 million shares of worth about $688.15 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.38% during that period and on May 01, 2024 the price saw a loss of about -3.35%. Currently the company’s common shares owned by public are about 496.26M shares, out of which, 494.04M shares are available for trading.
Stock saw a price change of -1.33% in past 5 days and over the past one month there was a price change of -0.51%. Year-to-date (YTD), ADI shares are showing a performance of -2.35% which increased to 6.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $154.99 but also hit the highest price of $204.20 during that period. The average intraday trading volume for Analog Devices Inc. shares is 3.47 million. The stock is currently trading -0.29% below its 20-day simple moving average (SMA20), while that difference is up 0.04% for SMA50 and it goes to 4.37% higher than SMA200.
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Analog Devices Inc. (NASDAQ: ADI) currently have 496.26M outstanding shares and institutions hold larger chunk of about 88.25% of that.
The stock has a current market capitalization of $96.15B and its 3Y-monthly beta is at 1.14. PE ratio of stock for trailing 12 months is 34.70, while it has posted earnings per share of $5.59 in the same period. It has Quick Ratio of 0.98 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADI, volatility over the week remained 2.27% while standing at 2.51% over the month.
Analysts are in expectations that Analog Devices Inc. (ADI) stock would likely to be making an EPS of $1.26 in the current quarter, while forecast for next quarter EPS is $1.35 and it is $7.57 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.24 which is $1.29 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.83 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -40.64% while it is estimated to increase by 27.75% in next year. EPS is likely to shrink at an annualized rate of -1.51% for next 5-years, compared to annual growth of 10.35% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on April 16, 2024 offering an Outperform rating for the stock and assigned a target price of $254 to it. Coverage by Cantor Fitzgerald stated Analog Devices Inc. (ADI) stock as a Neutral in their note to investors on January 23, 2024, suggesting a price target of $205 for the stock. On January 18, 2024, Wolfe Research Upgrade their recommendations, while on January 04, 2024, Bernstein Downgrade their ratings for the stock with a price target of $200. Stock get a Buy rating from Edward Jones on December 22, 2023.
