Analog Devices Inc (NASDAQ: ADI) on Monday, soared 4.19% from the previous trading day, before settling in for the closing price of $214.59. Within the past 52 weeks, ADI’s price has moved between $179.63 and $244.14.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 22.68%. The company achieved an average annual earnings per share of -37.15%. With a float of $495.27 million, this company’s outstanding shares have now reached $496.26 million.
Considering the fact that the conglomerate employs 26000 people, you should pay attention to its efficiency factor. 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) Insider Activity
Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of Analog Devices Inc is 0.25%, while institutional ownership is 88.97%. The most recent insider transaction that took place on Nov 01 ’24, was worth 2,238,700. In this transaction Chair & CEO of this company sold 10,000 shares at a rate of $223.87, taking the stock ownership to the 21,983 shares. Before that another transaction happened on Nov 01 ’24, when Company’s EVP & Pres. Global Bus. Units sold 20,000 for $223.87, making the entire transaction worth $4,477,400. This insider now owns 59,093 shares in total.
Analog Devices Inc (ADI) Earnings and Forecasts
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 2.01 earnings per share (EPS) for the period falling under the consensus outlook (set at 2.02) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -37.15% 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
Analog Devices Inc (ADI) is currently performing well based on its current performance indicators. A quick ratio of 1.24 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.48. Likewise, its price to free cash flow for the trailing twelve months is 37.77.
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 7.39 in one year’s time.
Technical Analysis of Analog Devices Inc (ADI)
Compared to the last year’s volume of 3.23 million, its volume of 3.71 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 65.30%. Additionally, its Average True Range was 5.61.
During the past 100 days, Analog Devices Inc’s (ADI) raw stochastic average was set at 54.72%, which indicates a significant decrease from 73.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.11% in the past 14 days, which was lower than the 36.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $224.89, while its 200-day Moving Average is $215.87. Nevertheless, the first resistance level for the watch stands at $227.05 in the near term. At $230.53, the stock is likely to face the second major resistance level. The third major resistance level sits at $236.05. If the price goes on to break the first support level at $218.05, it is likely to go to the next support level at $212.53. Should the price break the second support level, the third support level stands at $209.05.
Analog Devices Inc (NASDAQ: ADI) Key Stats
Market capitalization of the company is 111.33 billion based on 496,493K outstanding shares. Right now, sales total 12,306 M and income totals 3,315 M. The company made 2,312 M in profit during its latest quarter, and 392,230 K in sales during its previous quarter.
