Stocks of Analog Devices Inc. (NASDAQ:ADI) traded higher last session on Wall Street, down -0.07% to $227.34.
ADI stock price is now 0.95% away from the 50-day moving average and 7.30% away from the 200-day moving average. The market capitalization of the company currently stands at $112.87B.
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With the price target reduced from $266 to $233, Truist Downgraded its rating from Buy to Hold for Analog Devices Inc. (NASDAQ: ADI). On May 23, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $210 to quote $270, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, ROCHE VINCENT, Chair & CEO sold 10,000 shares of the company’s stock on Oct 01 ’24. The stock was sold for $2,289,300 at an average price of $228.93. Upon completion of the transaction, the Chair & CEO now directly owns 45,326 shares in the company, valued at $10.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, EVP & Pres. Global Bus. Units Bryant Gregory M sold 30,000 shares of the business’s stock. A total of $6,867,900 was realized by selling the stock at an average price of $228.93. This leaves the insider owning 79,093 shares of the company worth $17.98 million. A total of 0.25% 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 1.68, and a quick ratio of 1.24. The fifty day moving average price for ADI is $225.1902 and a two-hundred day moving average price translates $211.866 for the stock.
The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for 2024-08-03. The net profit margin was 17.07% and return on equity was 4.66% for ADI. The company reported revenue of $2.31 billion for the quarter, compared to $3.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.84 percent.
