Currently, there are 496.26M common shares owned by the public and among those 495.24M shares have been available to trade.
The company’s stock has a 5-day price change of -1.54% and -4.13% over the past three months. ADI shares are trading 13.75% year to date (YTD), with the 12-month market performance up to 32.03% higher. It has a 12-month low price of $154.99 and touched a high of $244.14 over the same period. ADI has an average intraday trading volume of 3.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.34%, 0.74%, and 6.77% respectively.
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Institutional ownership of Analog Devices Inc. (NASDAQ: ADI) shares accounts for 91.40% of the company’s 496.26M shares outstanding.
It has a market capitalization of $112.14B and a beta (3y monthly) value of 1.07. The stock’s trailing 12-month PE ratio is 68.11, while the earnings-per-share (ttm) stands at $3.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.56% over the week and 2.52% over the month.
Earnings per share for the fiscal year are expected to decrease by -37.14%, and 18.20% over the next financial year. EPS should shrink at an annualized rate of -2.83% over the next five years, compared to 10.35% over the past 5-year period.
Looking at the support for the ADI, a number of firms have released research notes about the stock. Truist stated their Hold rating for the stock in a research note on September 23, 2024, with the firm’s price target at $266-$233. TD Cowen coverage for the Analog Devices Inc. (ADI) stock in a research note released on May 23, 2024 offered a Buy rating with a price target of $270. Jefferies was of a view on May 13, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on April 16, 2024, issuing a price target of $254. Cantor Fitzgerald on their part issued Neutral rating on January 23, 2024.
