Analog Devices Inc. (ADI) concluded trading on Wednesday at a closing price of $240.16, with 9.43 million shares of worth about $2.27 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.65% during that period and on May 22, 2024 the price saw a gain of about 10.86%. Currently the company’s common shares owned by public are about 496.26M shares, out of which, 494.05M shares are available for trading.
Stock saw a price change of 11.31% in past 5 days and over the past one month there was a price change of 26.45%. Year-to-date (YTD), ADI shares are showing a performance of 20.95% which increased to 25.53% 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 $218.70 during that period. The average intraday trading volume for Analog Devices Inc. shares is 3.18 million. The stock is currently trading 16.78% above its 20-day simple moving average (SMA20), while that difference is up 21.10% for SMA50 and it goes to 28.60% 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 89.09% of that.
The stock has a current market capitalization of $119.10B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 56.22, while it has posted earnings per share of $4.27 in the same period. It has Quick Ratio of 1.13 while making debt-to-equity ratio of 0.23. 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 2.54% while standing at 2.07% over the month.
Stock’s fiscal year EPS is expected to drop by -38.11% while it is estimated to increase by 26.68% 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 Jefferies on May 13, 2024 offering a Buy rating for the stock and assigned a target price range of between $224 and $250 to it. Coverage by Evercore ISI stated Analog Devices Inc. (ADI) stock as an Outperform in their note to investors on April 16, 2024, suggesting a price target of $254 for the stock. On January 23, 2024, Cantor Fitzgerald Initiated their recommendations, while on January 18, 2024, Wolfe Research Upgrade their ratings for the stock with a price target of $225. Stock get a Mkt perform rating from Bernstein on January 04, 2024.
