Analog Devices Inc. (NASDAQ: ADI) is -4.35% lower on its value in year-to-date trading and has touched a low of $154.99 and a high of $204.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADI stock was last observed hovering at around $186.31 in the last trading session, with the day’s gains setting it 3.62%.
Currently trading at $189.93, the stock is -1.60% and -1.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.17 million and changing 1.94% at the moment leaves the stock 2.35% off its SMA200. ADI registered 1.93% gain for a year compared to 6-month gain of 14.06%.
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The stock witnessed a -1.85% loss in the last 1 month and extending the period to 3 months gives it a -5.68%, and is -0.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.39% over the week and 2.30% over the month.
Analog Devices Inc. (ADI) has around 26000 employees, a market worth around $94.19B and $11.57B in sales. Current P/E ratio is 33.99 and Fwd P/E is 24.82. Profit margin for the company is 24.34%. Distance from 52-week low is 22.54% and -6.99% from its 52-week high. The company has generated returns on investments over the last 12 months (6.79%).
The EPS is expected to shrink by -40.64% this year.
Analog Devices Inc. (ADI) Top Institutional Holders
The shares outstanding are 496.26M, and float is at 494.04M with Short Float at 1.71%.
Analog Devices Inc. (ADI) Insider Activity
The most recent transaction is an insider sale by Jain Vivek,the company’sEVP, Global Operations. SEC filings show that Jain Vivek sold 3,479 shares of the company’s common stock on Apr 04 ’24 at a price of $197.56 per share for a total of $0.69 million. Following the sale, the insider now owns 5745.0 shares.
Analog Devices Inc. disclosed in a document filed with the SEC on Apr 01 ’24 that ROCHE VINCENT (Chair & CEO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Apr 01 ’24 and was made at $197.40 per share for $1.97 million. Following the transaction, the insider now directly holds 51039.0 shares of the ADI stock.
Still, SEC filings show that on Mar 21 ’24, CHAMPY JAMES (Director) disposed off 1,228 shares at an average price of $197.64 for $0.24 million. The insider now directly holds 6,371 shares of Analog Devices Inc. (ADI).
