Analog Devices Inc. (NASDAQ:ADI) shares traded -2.10% lower at $194.43 on Wall Street last session.
ADI stock price is now 1.23% away from the 50-day moving average and 5.36% away from the 200-day moving average. The market capitalization of the company currently stands at $96.42B.
With the price target of $205, Cantor Fitzgerald recently initiated with Neutral rating for Analog Devices Inc. (NASDAQ: ADI). On January 18, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $225, while ‘Bernstein’ rates the stock as ‘Mkt Perform’
In other news, ROCHE VINCENT, Chair & CEO sold 10,000 shares of the company’s stock on Mar 04 ’24. The stock was sold for $1,958,300 at an average price of $195.83. Upon completion of the transaction, the Chair & CEO now directly owns 5,713 shares in the company, valued at $1.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 01 ’24, Chair & CEO ROCHE VINCENT sold 10,000 shares of the business’s stock. A total of $1,921,100 was realized by selling the stock at an average price of $192.11. This leaves the insider owning 5,713 shares of the company worth $1.11 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Analog Devices Inc. has had a low of $154.99 and a high of $202.77. As of last week, the company has a debt-to-equity ratio of 0.20, a current ratio of 1.51, and a quick ratio of 0.98. The fifty day moving average price for ADI is $192.09 and a two-hundred day moving average price translates $184.63 for the stock.
The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for Feb, 2024. According to the Semiconductors Company, earnings per share came in at $1.73, beating analysts’ expectations of $1.7 by 0.03. This compares to $1.88 EPS in the same period last year. The net profit margin was 24.34% and return on equity was 7.81% for ADI. The company reported revenue of $2.51 billion for the quarter, compared to $3.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.68 percent. For the current quarter, analysts expect ADI to generate $2.11B in revenue.
