The price of Analog Devices Inc. (NASDAQ:ADI) shares last traded on Wall Street rose 0.78% to $182.67.
Based on available information, 31 analysts follow 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 $202.50. Given the previous closing price of $181.25, this indicates a potential upside of 11.72 percent. ADI stock price is now 6.29% away from the 50-day moving average and 0.21% away from the 200-day moving average. The market capitalization of the company currently stands at $91.03B.
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Among analysts, 11 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $202.75 as their price target over the next twelve months.
With the price target enhanced from $200 to $210, TD Cowen maintained Outperform rating 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 $12.92 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 $12.92 million. Insiders disposed of 328,470 shares of company stock worth roughly $60.0 million over the past 1 year. A total of 0.38% of the company’s stock is owned by insiders.
A candlestick chart of Analog Devices Inc. (NASDAQ: ADI) showed a price of $182.16 on Wednesday morning. During the past 12 months, Analog Devices Inc. has had a low of $154.99 and a high of $200.10. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 1.37, and a quick ratio of 0.86. The fifty day moving average price for ADI is $171.86 and a two-hundred day moving average price translates $182.29 for the stock.
The latest earnings results from Analog Devices Inc. (NASDAQ: ADI) was released for Oct, 2023. According to the Semiconductors Company, earnings per share came in at $2.01, beating analysts’ expectations of $2 by 0.01. This compares to $1.80 EPS in the same period last year. The net profit margin was 26.94% and return on equity was 9.20% for ADI. The company reported revenue of $2.72 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 -16.36 percent. For the current quarter, analysts expect ADI to generate $2.58B in revenue.
