Analog Devices Inc (NASDAQ: ADI) is 13.74% higher 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 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 $220.22 in the last trading session, with the day’s gains setting it 21.44%.
Currently trading at $241.66, the stock is 13.39% and 12.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.74 million and changing 9.74% at the moment leaves the stock 8.87% off its SMA200. ADI registered 28.86% gain for a year compared to 6-month loss of 8.28%.
The stock witnessed a 10.27% gain in the last 1 month and extending the period to 3 months gives it a 13.86%, and is 18.78% 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 3.42% over the week and 2.83% over the month.
Analog Devices Inc (ADI) has around 24000 employees, a market worth around $119.89B and $9.43B in sales. Current P/E ratio is 73.70 and Fwd P/E is 27.69. Profit margin for the company is 17.35%. Distance from 52-week low is 32.37% and -1.02% from its 52-week high. The company has generated returns on investments over the last 12 months (3.88%).
with sales reaching $2.5B over the same period.The EPS is expected to grow by 11.64% this year, but quarterly earnings will post 9.19% year-over-year. Quarterly sales are estimated to grow 15.62% in year-over-year returns.
The shares outstanding are 496.30M, and float is at 494.73M with Short Float at 1.65%.
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 4.5261 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).
