While Analog Devices Inc. has underperformed by -1.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ADI rose by 26.55%, with highs and lows ranging from $244.14 to $154.99, whereas the simple moving average jumped by 7.01% in the last 200 days.
On May 23, 2024, TD Cowen Reiterated Analog Devices Inc. (NASDAQ: ADI) to Buy. A report published by Jefferies on May 13, 2024, Initiated its previous ‘Buy’ rating for ADI. Evercore ISI also rated ADI shares as ‘Outperform’, setting a target price of $254 on the company’s shares in an initiating report dated April 16, 2024. Cantor Fitzgerald Initiated an Neutral rating on January 23, 2024, and assigned a price target of $205. Wolfe Research January 18, 2024d its ‘Peer Perform’ rating to ‘Outperform’ for ADI, as published in its report on January 18, 2024. Bernstein’s report from January 04, 2024 suggests a price prediction of $200 for ADI shares, giving the stock a ‘Mkt Perform’ rating. Edward Jones also rated the stock as ‘Buy’.
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Analysis of Analog Devices Inc. (ADI)
It’s important to note that ADI shareholders are currently getting $3.62 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -24.84%, showing a negative trend in the upcoming months.
Analog Devices Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 4.66% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.24, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and ADI is registering an average volume of 3.34M. On a monthly basis, the volatility of the stock is set at 2.77%, whereas on a weekly basis, it is put at 2.83%, with a gain of 1.13% over the past seven days. Furthermore, long-term investors anticipate a median target price of $262.04, showing growth from the present price of $221.53, which can serve as yet another indication of whether ADI is worth investing in or should be passed over.
How Do You Analyze Analog Devices Inc. Shares?
A giant in the Semiconductors market, Analog Devices Inc. (ADI) is based in the USA. When comparing Analog Devices Inc. shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 66.80, there is a growth in quarterly earnings of -54.85%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.32% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ADI shares are owned by institutional investors to the tune of 90.32% at present.
