The stock of Analog Devices Inc (NASDAQ:ADI) last traded at $206.01, up 0.38% from the previous session.
ADI stock price is now -4.49% away from the 50-day moving average and -6.81% away from the 200-day moving average. The market capitalization of the company currently stands at $102.20B.
With the price target reduced from $270 to $260, TD Cowen maintained Buy rating for Analog Devices Inc (NASDAQ: ADI). On November 22, 2024, Wells Fargo recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $220, while ‘Truist’ rates the stock as ‘Hold’
In other news, ROCHE VINCENT, Chair & CEO sold 10,000 shares of the company’s stock on Jan 02 ’25. The stock was sold for $2,154,900 at an average price of $215.49. Upon completion of the transaction, the Chair & CEO now directly owns 21,983 shares in the company, valued at $4.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Officer ROCHE VINCENT bought 10,000 shares of the business’s stock. A total of $2,154,900 was incurred on buying the stock at an average price of $215.49. A total of 0.26% of the company’s stock is owned by insiders.
During the past 12 months, Analog Devices Inc has had a low of $182.57 and a high of $244.14. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 1.84, and a quick ratio of 1.35. According to the stock market information, the enterprise value for the company is $116578631680, which is based on a 62.83 price-to-earnings ratio, a 3.51 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for ADI is $215.7838 and a two-hundred day moving average price translates $220.9811 for the stock.
The latest earnings results from Analog Devices Inc (NASDAQ: ADI) was released for 2024-08-03. The net profit margin was 17.35% and return on equity was 4.62% for ADI. The company reported revenue of $2.31 billion for the quarter, compared to $3.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -24.84 percent.
