Analog Devices Inc. (NASDAQ:ADI) shares traded -3.82% lower at $196.33 on Wall Street last session.
ADI stock price is now 1.65% away from the 50-day moving average and 5.81% away from the 200-day moving average. The market capitalization of the company currently stands at $97.36B.
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, Jain Vivek, EVP, Global Operations sold 3,479 shares of the company’s stock on Apr 04 ’24. The stock was sold for $687,317 at an average price of $197.56. Upon completion of the transaction, the EVP, Global Operations now directly owns 5,745 shares in the company, valued at $1.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 01 ’24, Chair & CEO ROCHE VINCENT sold 10,000 shares of the business’s stock. A total of $1,974,000 was realized by selling the stock at an average price of $197.40. This leaves the insider owning 51,039 shares of the company worth $10.02 million. A total of 0.38% 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 $204.20. 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 $193.15 and a two-hundred day moving average price translates $185.55 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.
