Analog Devices Inc (NASDAQ: ADI): Reassessing Prospects

Analog Devices Inc (ADI) concluded trading on Wednesday at a closing price of $241.66, with 9.74 million shares of worth about $2.35 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.28% during that period and on February 19, 2025 the price saw a gain of about 9.74%. Currently the company’s common shares owned by public are about 496.30M shares, out of which, 494.73M shares are available for trading.

Stock saw a price change of 18.78% in past 5 days and over the past one month there was a price change of 10.27%. Year-to-date (YTD), ADI shares are showing a performance of 13.74% which increased to 28.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $182.57 but also hit the highest price of $244.14 during that period. The average intraday trading volume for Analog Devices Inc shares is 3.31 million. The stock is currently trading 13.39% above its 20-day simple moving average (SMA20), while that difference is up 12.65% for SMA50 and it goes to 8.87% higher than SMA200.

Analog Devices Inc (NASDAQ: ADI) currently have 496.30M outstanding shares and institutions hold larger chunk of about 89.55% of that.

The stock has a current market capitalization of $119.89B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 73.70, while it has posted earnings per share of $3.28 in the same period. Its PEG reads 4.33 and has Quick Ratio of 1.35 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 3.42% while standing at 2.83% over the month.

Stock’s fiscal year EPS is expected to rise by 11.53% while it is estimated to increase by 22.74% in next year. EPS is likely to grow at an annualized rate of 17.04% for next 5-years, compared to annual growth of -2.10% 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 The Benchmark Company on February 14, 2025 offering a Buy rating for the stock and assigned a target price of $245 to it. Coverage by TD Cowen stated Analog Devices Inc (ADI) stock as a Buy in their note to investors on November 27, 2024, suggesting a price target of $260 for the stock. On November 22, 2024, Wells Fargo Initiated their recommendations, while on September 23, 2024, Truist Downgrade their ratings for the stock with a price target of $233. Stock get a Buy rating from TD Cowen on May 23, 2024.

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