Analog Devices Inc (ADI) concluded trading on Thursday at a closing price of $223.11, with 4.08 million shares of worth about $910.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.55% during that period and on October 31, 2024 the price saw a loss of about -3.05%. Currently the company’s common shares owned by public are about 496.26M shares, out of which, 495.24M shares are available for trading.
Stock saw a price change of -2.86% in past 5 days and over the past one month there was a price change of -2.03%. Year-to-date (YTD), ADI shares are showing a performance of 12.36% which increased to 41.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $155.16 but also hit the highest price of $244.14 during that period. The average intraday trading volume for Analog Devices Inc shares is 3.02 million. The stock is currently trading -2.61% below its 20-day simple moving average (SMA20), while that difference is down -1.71% for SMA50 and it goes to 4.31% 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 90.78% of that.
The stock has a current market capitalization of $110.77B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 67.28, while it has posted earnings per share of $3.32 in the same period. It has Quick Ratio of 1.24 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 2.46% while standing at 2.23% over the month.
Stock’s fiscal year EPS is expected to drop by -37.14% while it is estimated to increase by 18.20% in next year. EPS is likely to shrink at an annualized rate of -2.83% 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 Truist on September 23, 2024 offering a Hold rating for the stock and assigned a target price range of between $266 and $233 to it. Coverage by TD Cowen stated Analog Devices Inc (ADI) stock as a Buy in their note to investors on May 23, 2024, suggesting a price target of $270 for the stock. On May 13, 2024, Jefferies Initiated their recommendations, while on April 16, 2024, Evercore ISI Initiated their ratings for the stock with a price target of $254. Stock get a Neutral rating from Cantor Fitzgerald on January 23, 2024.
