Analog Devices Inc (NASDAQ: ADI) is -3.04% lower on its value in year-to-date trading and has touched a low of $182.57 and a high of $244.14 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 $205.24 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $206.01, the stock is -4.37% and -4.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.65 million and changing 0.38% at the moment leaves the stock -6.81% off its SMA200. ADI registered 7.29% gain for a year compared to 6-month gain of -0.94%. The firm has a 50-day simple moving average (SMA 50) of $215.7838 and a 200-day simple moving average (SMA200) of $220.9811.
The stock witnessed a -2.53% loss in the last 1 month and extending the period to 3 months gives it a -7.66%, and is -1.68% 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 2.41% over the week and 2.66% over the month.
Analog Devices Inc (ADI) has around 24000 employees, a market worth around $102.20B and $9.43B in sales. Current P/E ratio is 62.83 and Fwd P/E is 23.41. Profit margin for the company is 17.35%. Distance from 52-week low is 12.84% and -15.62% from its 52-week high. The company has generated returns on investments over the last 12 months (3.88%).
with sales reaching $2.36B over the same period.The EPS is expected to grow by 11.24% this year, but quarterly earnings will post 8.11% year-over-year. Quarterly sales are estimated to shrink -6.17% in year-over-year returns.
Analog Devices Inc (ADI) Top Institutional Holders
2223.0 institutions hold shares in Analog Devices Inc (ADI), with institutional investors hold 92.25% of the company’s shares. The shares outstanding are 496.30M, and float is at 494.82M with Short Float at 1.70%. Institutions hold 92.02% 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 5.1702% 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 Jan 02 ’25 at a price of $215.49 per share for a total of $2.15 million. Following the sale, the insider now owns 21983.0 shares.
Still, SEC filings show that on Dec 11 ’24, ROCHE VINCENT (Chair & CEO) disposed off 10,000 shares at an average price of $215.83 for $2.16 million. The insider now directly holds 21,983 shares of Analog Devices Inc (ADI).
