Stocks of Analog Devices Inc. (NASDAQ:ADI) traded higher last session on Wall Street, up 1.43% to $238.99.
ADI stock price is now 5.02% away from the 50-day moving average and 21.31% away from the 200-day moving average. The market capitalization of the company currently stands at $118.59B.
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With the price target enhanced from $210 to $270, TD Cowen maintained Buy rating for Analog Devices Inc. (NASDAQ: ADI). On May 13, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $250, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, ROCHE VINCENT, Chair & CEO sold 10,000 shares of the company’s stock on Jul 01 ’24. The stock was sold for $2,267,000 at an average price of $226.70. Upon completion of the transaction, the Chair & CEO now directly owns 51,039 shares in the company, valued at $12.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 13 ’24, EVP & Pres. Global Bus. Units Bryant Gregory M sold 17,612 shares of the business’s stock. A total of $4,120,212 was realized by selling the stock at an average price of $233.94. This leaves the insider owning 69,241 shares of the company worth $16.55 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Analog Devices Inc. has had a low of $154.99 and a high of $244.14. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.57, and a quick ratio of 1.13. The fifty day moving average price for ADI is $229.974 and a two-hundred day moving average price translates $198.76524 for the stock.
The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for 2024-05-04. The net profit margin was 20.45% and return on equity was 6.01% for ADI. The company reported revenue of $2.16 billion for the quarter, compared to $3.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.83 percent.
