Analog Devices Inc. (NASDAQ:ADI) shares traded -1.05% lower at $167.13 on Wall Street last session.
In accordance with the data, 31 analysts cover Analog Devices Inc. (NASDAQ:ADI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $175.00, we find $200.00. Given the previous closing price of $168.91, this indicates a potential upside of 18.41 percent. ADI stock price is now -3.00% away from the 50-day moving average and -8.23% away from the 200-day moving average. The market capitalization of the company currently stands at $83.28B.
It has been rated a hold by 11 analysts and a buy by 17. Brokers who have rated the stock have averaged $200.79 as their price target over the next twelve months.
With the price target maintained at $190, Piper Sandler recently Downgraded its rating from Overweight to Neutral for Analog Devices Inc. (NASDAQ: ADI).
In other news, ROCHE VINCENT, Chair & CEO sold 10,000 shares of the company’s stock on Sep 01. The stock was sold for $1,826,000 at an average price of $182.60. Upon completion of the transaction, the Chair & CEO now directly owns 70,713 shares in the company, valued at $11.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01, Chair & CEO ROCHE VINCENT sold 10,000 shares of the business’s stock. A total of $1,976,400 was realized by selling the stock at an average price of $197.64. This leaves the insider owning 70,713 shares of the company worth $11.82 million. Insiders disposed of 288,283 shares of company stock worth roughly $48.18 million over the past 1 year. A total of 0.39% of the company’s stock is owned by insiders.
Analog Devices Inc. (NASDAQ: ADI) opened at $169.48 on Thursday. During the past 12 months, Analog Devices Inc. has had a low of $147.59 and a high of $200.10. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.71, and a quick ratio of 1.10. The fifty day moving average price for ADI is $172.30 and a two-hundred day moving average price translates $182.12 for the stock.
The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for Jul, 2023. According to the Semiconductors Company, earnings per share came in at $2.49, missing analysts’ expectations of $2.52 by -0.03. This compares to $1.44 EPS in the same period last year. The net profit margin was 29.23% and return on equity was 10.35% for ADI. The company reported revenue of $3.08 billion for the quarter, compared to $3.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.07 percent. For the current quarter, analysts expect ADI to generate $2.7B in revenue.
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.
