Analog Devices Inc. (NASDAQ: ADI) is 13.75% higher on its value in year-to-date trading and has touched a low of $154.99 and a high of $244.14 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 $236.43 in the last trading session, with the day’s loss setting it -10.56%.
Currently trading at $225.87, the stock is -1.34% and 0.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.11 million and changing -4.47% at the moment leaves the stock 6.77% off its SMA200. ADI registered 32.03% gain for a year compared to 6-month gain of 18.11%. The firm has a 50-day simple moving average (SMA 50) of $224.2174 and a 200-day simple moving average (SMA200) of $211.55255.
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The stock witnessed a 1.16% loss in the last 1 month and extending the period to 3 months gives it a -4.13%, and is -1.54% 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 2.56% over the week and 2.52% over the month.
Analog Devices Inc. (ADI) has around 26000 employees, a market worth around $112.14B and $9.70B in sales. Current P/E ratio is 68.11 and Fwd P/E is 30.12. Profit margin for the company is 17.07%. Distance from 52-week low is 45.73% and -7.48% from its 52-week high. The company has generated returns on investments over the last 12 months (3.96%).
with sales reaching $2.4B over the same period.The EPS is expected to shrink by -37.14% this year, but quarterly earnings will post -23.70% year-over-year. Quarterly sales are estimated to shrink -11.50% in year-over-year returns.
Analog Devices Inc. (ADI) Top Institutional Holders
2214.0 institutions hold shares in Analog Devices Inc. (ADI), with institutional investors hold 92.77% of the company’s shares. The shares outstanding are 496.26M, and float is at 495.24M with Short Float at 1.94%. Institutions hold 92.54% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 48.14 million shares valued at $10.99 billion. The investor’s holdings represent 9.7033% of the ADI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 39.55 million shares valued at $9.03 billion to account for 7.9716 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 25.66 million shares representing 5.1724% and valued at over $5.86 billion, while STATE STREET CORP holds 4.528 of the shares totaling 22.46 million with a market value of $5.13 billion.
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 Oct 01 ’24 at a price of $228.93 per share for a total of $2.29 million. Following the sale, the insider now owns 45326.0 shares.
Analog Devices Inc. disclosed in a document filed with the SEC on Oct 01 ’24 that Bryant Gregory M (EVP & Pres. Global Bus. Units) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Oct 01 ’24 and was made at $228.93 per share for $6.87 million. Following the transaction, the insider now directly holds 79093.0 shares of the ADI stock.
Still, SEC filings show that on Oct 01 ’24, Bryant Gregory M (Officer) Proposed Sale 30,000 shares at an average price of $228.93 for $6.87 million. The insider now directly holds shares of Analog Devices Inc. (ADI).
