Let’s look at the key reasons that are pushing Analog Devices Inc (ADI) to new highs

On Friday, Analog Devices Inc (NASDAQ: ADI) was 1.06% up from the session before settling in for the closing price of $223.11. A 52-week range for ADI has been $155.47 – $244.14.

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Technology Sector giant saw their annual sales surged by 22.68% over the last five years. When this article was written, the company’s average yearly earnings per share was at -37.14%. With a float of $495.24 million, this company’s outstanding shares have now reached $496.26 million.

The firm has a total of 26000 workers. Let’s measure their productivity. In terms of profitability, gross margin is 53.95%, operating margin of 21.77%, and the pretax margin is 18.89%.

Analog Devices Inc (ADI) Breakdown of a Key Holders of the stock

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 0.25%, while institutional ownership is 90.76%. The most recent insider transaction that took place on Nov 01 ’24, was worth 2,238,700. Before that another transaction happened on Nov 01 ’24, when Company’s Officer proposed sale 20,000 for $223.87, making the entire transaction worth $4,477,400.

Analog Devices Inc (ADI) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 7/31/2024, it has been observed that the corporation posted 2.01 earnings per share (EPS) during the time that was better than consensus figure (set at 2) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.58 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -37.14% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.83% 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 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.66. Likewise, its price to free cash flow for the trailing twelve months is 38.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.32, a number that is poised to hit 1.64 in the next quarter and is forecasted to reach 7.50 in one year’s time.

Technical Analysis of Analog Devices Inc (ADI)

Analysing the last 5-days average volume posted by the [Analog Devices Inc, ADI], we can find that recorded value of 2.95 million was lower than the volume posted last year of 3.22 million. As of the previous 9 days, the stock’s Stochastic %D was 34.48%. Additionally, its Average True Range was 5.62.

During the past 100 days, Analog Devices Inc’s (ADI) raw stochastic average was set at 58.91%, which indicates a significant increase from 29.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.20% in the past 14 days, which was lower than the 35.17% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $227.06, while its 200-day Moving Average is $214.07. Now, the first resistance to watch is $227.05. This is followed by the second major resistance level at $228.63. The third major resistance level sits at $230.65. If the price goes on to break the first support level at $223.45, it is likely to go to the next support level at $221.43. Now, if the price goes above the second support level, the third support stands at $219.85.

Analog Devices Inc (NASDAQ: ADI) Key Stats

There are 496,493K outstanding shares of the company, which has a market capitalization of 113.14 billion. As of now, sales total 12,306 M while income totals 3,315 M. Its latest quarter income was 2,312 M while its last quarter net income were 392,230 K.