On Friday, Analog Devices Inc. (NASDAQ: ADI) was -0.21% drop from the session before settling in for the closing price of $223.67. A 52-week range for ADI has been $154.99 – $244.14.
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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. When this article was written, the company’s average yearly earnings per share was at -37.84%. With a float of $493.70 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. In terms of profitability, gross margin is 58.03%, operating margin of 24.27%, and the pretax margin is 21.83%.
Analog Devices Inc. (ADI) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Analog Devices Inc. stocks. The insider ownership of Analog Devices Inc. is 0.40%, while institutional ownership is 90.54%. The most recent insider transaction that took place on Aug 01 ’24, was worth 2,280,800. In this transaction Chair & CEO of this company sold 10,000 shares at a rate of $228.08, taking the stock ownership to the 51,039 shares. Before that another transaction happened on Aug 01 ’24, when Company’s Officer proposed sale 10,000 for $228.08, making the entire transaction worth $2,280,800.
Analog Devices Inc. (ADI) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 4/30/2024, it has been observed that the corporation posted 2.49 earnings per share (EPS) during the time that was less than consensus figure (set at 2.52) by -0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.41% 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
You can see what Analog Devices Inc. (ADI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.58. Likewise, its price to free cash flow for the trailing twelve months is 36.14.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.27, a number that is poised to hit 1.51 in the next quarter and is forecasted to reach 8.04 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 3.18 million. That was inferior than the volume of 3.36 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic%D was 92.26%. Additionally, its Average True Range was 7.16.
During the past 100 days, Analog Devices Inc.’s (ADI) raw stochastic average was set at 65.97%, which indicates a significant decrease from 73.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.66% in the past 14 days, which was higher than the 36.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $227.42, while its 200-day Moving Average is $202.61. However, in the short run, Analog Devices Inc.’s stock first resistance to watch stands at $224.19. Second resistance stands at $225.18. The third major resistance level sits at $226.57. If the price goes on to break the first support level at $221.81, it is likely to go to the next support level at $220.42. Assuming the price breaks the second support level, the third support level stands at $219.43.
Analog Devices Inc. (NASDAQ: ADI) Key Stats
There are 496,217K outstanding shares of the company, which has a market capitalization of 110.75 billion. As of now, sales total 12,306 M while income totals 3,315 M. Its latest quarter income was 2,159 M while its last quarter net income were 302,240 K.
