In the latest session, Analog Devices Inc. (NASDAQ: ADI) closed at $172.39 down -0.47% from its previous closing price of $173.20. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 9668516 shares were traded. ADI stock price reached its highest trading level at $173.94 during the session, while it also had its lowest trading level at $161.93.
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For a deeper understanding of Analog Devices Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 52.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.18.
Upgrades & Downgrades
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 21 when Mahendra-Rajah Prashanth sold 8,751 shares for $189.00 per share. The transaction valued at 1,653,939 led to the insider holds 23,871 shares of the business.
Mahendra-Rajah Prashanth sold 26,250 shares of ADI for $4,908,976 on Mar 20. The EVP, Finance & CFO now owns 23,871 shares after completing the transaction at $187.01 per share. On Mar 14, another insider, CHAMPY JAMES, who serves as the Director of the company, sold 1,495 shares for $185.44 each. As a result, the insider received 277,239 and left with 6,371 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADI now has a Market Capitalization of 91.34B and an Enterprise Value of 96.21B. As of this moment, Analog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.03, and their Forward P/E ratio for the next fiscal year is 15.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.00 while its Price-to-Book (P/B) ratio in mrq is 2.39. Its current Enterprise Value per Revenue stands at 7.65 whereas that against EBITDA is 15.10.
Stock Price History:
Over the past 52 weeks, ADI has reached a high of $198.24, while it has fallen to a 52-week low of $133.48. The 50-Day Moving Average of the stock is 186.10, while the 200-Day Moving Average is calculated to be 168.83.
For the past three months, ADI has traded an average of 3.10M shares per day and 4.22M over the past ten days. A total of 507.12M shares are outstanding, with a floating share count of 504.56M. Insiders hold about 0.37% of the company’s shares, while institutions hold 89.30% stake in the company. Shares short for ADI as of Apr 27, 2023 were 5.28M with a Short Ratio of 5.86M, compared to 5.18M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.04% and a Short% of Float of 1.05%.
Dividends & Splits
According to the company, the forward annual dividend rate for ADI is 3.44, from 3.14 in the trailing year. Against a Trailing Annual Dividend Yield of 1.81%, it implies a Forward Annual Dividend Yield of 1.80%. The stock’s 5-year Average Dividend Yield is 1.85. The current Payout Ratio is 45.60% for ADI, which recently paid a dividend on Mar 07, 2023 with an ex-dividend date of Feb 23, 2023. Stock splits for the company last occurred on Mar 15, 2000 when the company split stock in a 2:1 ratio.
There are 24 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.59 for the current quarter, with a high estimate of $2.93 and a low estimate of $2.41, while EPS last year was $2.52. The consensus estimate for the next quarter is $2.5, with high estimates of $3.03 and low estimates of $2.07.
Analysts are recommending an EPS of between $11.45 and $10.07 for the fiscal current year, implying an average EPS of $10.66. EPS for the following year is $10.47, with 26 analysts recommending between $13 and $8.54.
A total of 23 analysts believe the company’s revenue will be $3.13B this quarter.It ranges from a high estimate of $3.38B to a low estimate of $3B. As of the current estimate, Analog Devices Inc.’s year-ago sales were $3.11B, an estimated increase of 0.70% from the year-ago figure. For the next quarter, 23 analysts are estimating revenue of $3.07B, a decrease of -5.40% less than the figure of $0.70% in the same quarter last year. There is a high estimate of $3.43B for the next quarter, whereas the lowest estimate is $2.7B.
A total of 28 analysts have provided revenue estimates for ADI’s current fiscal year. The highest revenue estimate was $13.25B, while the lowest revenue estimate was $12.21B, resulting in an average revenue estimate of $12.7B. In the same quarter a year ago, actual revenue was $12.01B, up 5.70% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $12.64B in the next fiscal year. The high estimate is $14.38B and the low estimate is $11.59B. The average revenue growth estimate for next year is down -0.50% from the average revenue estimate for this year.