On Monday, Analog Devices Inc. (NASDAQ: ADI) opened lower -1.03% from the last session, before settling in for the closing price of $192.27. Price fluctuations for ADI have ranged from $154.99 to $204.20 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 17.39% annually for the last half of the decade. Company’s average yearly earnings per share was noted -40.65% at the time writing. With a float of $494.04 million, this company’s outstanding shares have now reached $496.26 million.
In an organization with 26000 employees, it is important to assess its efficiency.
Analog Devices Inc. (ADI) Insider Updates
A key investor’s attitude towards the stock of the Semiconductors industry is another important factor to consider. The insider ownership of Analog Devices Inc. is 0.38%, while institutional ownership is 88.78%. The most recent insider transaction that took place on Apr 04 ’24, was worth 687,317. In this transaction EVP, Global Operations of this company sold 3,479 shares at a rate of $197.56, taking the stock ownership to the 5,745 shares. Before that another transaction happened on Apr 01 ’24, when Company’s Chair & CEO sold 10,000 for $197.40, making the entire transaction worth $1,974,000. This insider now owns 51,039 shares in total.
Analog Devices Inc. (ADI) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 60.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -40.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.51% during the next five years compared to 10.35% growth over the previous five years of trading.
Analog Devices Inc. (NASDAQ: ADI) Trading Performance Indicators
Check out the current performance indicators for Analog Devices Inc. (ADI). In the past quarter, the stock posted a quick ratio of 0.98. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.16. Likewise, its price to free cash flow for the trailing twelve months is 29.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.59, a number that is poised to hit 1.26 in the next quarter and is forecasted to reach 7.59 in one year’s time.
Technical Analysis of Analog Devices Inc. (ADI)
Let’s dig in a bit further. During the last 5-days, its volume was 3.69 million. That was better than the volume of 3.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 24.28%. Additionally, its Average True Range was 5.13.
During the past 100 days, Analog Devices Inc.’s (ADI) raw stochastic average was set at 43.82%, which indicates a significant increase from 9.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.01% in the past 14 days, which was higher than the 25.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $193.17, while its 200-day Moving Average is $185.66. However, in the short run, Analog Devices Inc.’s stock first resistance to watch stands at $194.37. Second resistance stands at $198.45. The third major resistance level sits at $201.02. If the price goes on to break the first support level at $187.72, it is likely to go to the next support level at $185.15. Assuming the price breaks the second support level, the third support level stands at $181.07.
Analog Devices Inc. (NASDAQ: ADI) Key Stats
There are currently 495,908K shares outstanding in the company with a market cap of 94.37 billion. Presently, the company’s annual sales total 12,306 M according to its annual income of 3,315 M. Last quarter, the company’s sales amounted to 2,513 M and its income totaled 462,730 K.
