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Analog Devices Inc. (ADI) – Don’t Be So Quick to Call it Dead

Analog Devices Inc. (NASDAQ: ADI) is 3.17% higher on its value in year-to-date trading and has touched a low of $154.99 and a high of $205.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADI stock was last observed hovering at around $203.57 in the last trading session, with the day’s gains setting it 1.29%.

Currently trading at $204.86, the stock is 4.97% and 5.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing 0.63% at the moment leaves the stock 10.20% off its SMA200. ADI registered 11.02% gain for a year compared to 6-month gain of 22.25%.

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The stock witnessed a 0.36% loss in the last 1 month and extending the period to 3 months gives it a 6.71%, and is 5.66% up 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 1.76% over the week and 2.31% over the month.

Analog Devices Inc. (ADI) has around 26000 employees, a market worth around $101.59B and $11.57B in sales. Current P/E ratio is 36.66 and Fwd P/E is 26.77. Profit margin for the company is 24.34%. Distance from 52-week low is 32.18% and -0.44% 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

The shares outstanding are 496.26M, and float is at 494.03M with Short Float at 1.73%.

Analog Devices Inc. (ADI) Insider Activity

The most recent transaction is an insider sale by ROCHE VINCENT, the company’s Chair & CEO. SEC filings show that ROCHE VINCENT sold 10,000 shares of the company’s common stock on May 01 ’24 at a price of $197.06 per share for a total of $1.97 million. Following the sale, the insider now owns 51039.0 shares.

Analog Devices Inc. disclosed in a document filed with the SEC on Apr 04 ’24 that Jain Vivek (EVP, Global Operations) sold a total of 3,479 shares of the company’s common stock. The trade occurred on Apr 04 ’24 and was made at $197.56 per share for $0.69 million. Following the transaction, the insider now directly holds 5745.0 shares of the ADI stock.

Still, SEC filings show that on Apr 01 ’24, ROCHE VINCENT (Chair & CEO) disposed off 10,000 shares at an average price of $197.40 for $1.97 million. The insider now directly holds 51,039 shares of Analog Devices Inc. (ADI).

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