Before Investing In Analog Devices Inc. (NASDAQ:ADI), Here Are Some Things To Consider

The stock of Analog Devices Inc. (NASDAQ:ADI) last traded at $191.31, up 0.41% from the previous session.

Data from the available sources indicates that Analog Devices Inc. (NASDAQ:ADI) is covered by 30 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $251.00 and a low of $175.00, we find $225.00. Given the previous closing price of $190.53, this indicates a potential upside of 18.09 percent. ADI stock price is now 2.70% away from the 50-day moving average and 13.40% away from the 200-day moving average. The market capitalization of the company currently stands at $97.65B.

In total, 9 analysts have assigned it a hold rating, and 18 have given it a buy rating. Brokers who have rated the stock have averaged $220.10 as their price target over the next twelve months.

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In other news, Mahendra-Rajah Prashanth, EVP, Finance & CFO sold 8,751 shares of the company’s stock on Mar 21. The stock was sold for $1,653,939 at an average price of $189.00. Upon completion of the transaction, the EVP, Finance & CFO now directly owns 23,871 shares in the company, valued at $4.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20, EVP, Finance & CFO Mahendra-Rajah Prashanth sold 26,250 shares of the business’s stock. A total of $4,908,976 was realized by selling the stock at an average price of $187.01. This leaves the insider owning 23,871 shares of the company worth $4.57 million. Insiders disposed of 265,412 shares of company stock worth roughly $50.78 million over the past 1 year. A total of 0.37% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in ADI stock. A new stake in Analog Devices Inc. shares was purchased by FARMER STEVEN PATRICK during the first quarter worth $135,690,000. VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. invested $57,584,000 in shares of ADI during the first quarter. In the first quarter, EAGLE ASSET MANAGEMENT INC acquired a new stake in Analog Devices Inc. valued at approximately $55,084,000. BRAUN STACEY ASSOCIATES INC acquired a new stake in ADI for approximately $27,082,000. EAM INVESTORS, LLC purchased a new stake in ADI valued at around $23,092,000 in the second quarter. In total, there are 1,965 active investors with 89.30% ownership of the company’s stock.

With an opening price of $189.91 on Monday morning, Analog Devices Inc. (NASDAQ: ADI) set off the trading day. During the past 12 months, Analog Devices Inc. has had a low of $133.48 and a high of $198.24. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $96.21B, which is based on a 28.89 price-to-earnings ratio, a 4.38 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for ADI is $186.47 and a two-hundred day moving average price translates $168.78 for the stock.

The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for Jan, 2023. According to the Semiconductors Company, earnings per share came in at $2.75, beating analysts’ expectations of $2.6 by 0.15. This compares to $0.53 EPS in the same period last year. The net profit margin was 27.30% and return on equity was 9.40% for ADI. The company reported revenue of $3.25 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.06 percent. For the current quarter, analysts expect ADI to generate $3.21B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 03/08/2023. Investors who held shares on 02/27/2023 were paid a $0.86 dividend. On an annualized basis, this represents a $3.44 dividend and a 1.80% percent yield. There was an ex-dividend date of 02/24/2023 for this dividend. In terms of dividend payout ratio, ADI is presently at 45.60%.

Analog Devices Inc.(ADI) Company Profile

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs. It also offers high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company provides digital signal processing and system products for high-speed numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, and communications markets through a direct sales force, third-party distributors, and independent sales representatives in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia, as well as through its Website. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.