In yesterday’s Wall Street session, Analog Devices Inc. (NASDAQ:ADI) shares traded at $223.67, up 3.88% from the previous session.
ADI stock price is now -1.82% away from the 50-day moving average and 10.75% away from the 200-day moving average. The market capitalization of the company currently stands at $110.99B.
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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 Aug 01 ’24. The stock was sold for $2,280,800 at an average price of $228.08. Upon completion of the transaction, the Chair & CEO now directly owns 51,039 shares in the company, valued at $11.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Officer ROCHE VINCENT bought 10,000 shares of the business’s stock. A total of $2,280,800 was incurred on buying the stock at an average price of $228.08. A total of 0.40% 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 $227.8118 and a two-hundred day moving average price translates $201.95465 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. For the current quarter, analysts expect ADI to generate $2.27B in revenue.
Analog Devices Inc.(ADI) Company Profile
Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs. It also offers amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company provides digital signal processing and system products for numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, defense and healthcare, and communications markets through a direct sales force, third-party distributors, and independent sales representatives, as well as online. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.
