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After finishing at $240.04 in the prior trading day, Analog Devices Inc. (NASDAQ: ADI) closed at $230.32, down -4.05%. In other words, the price has decreased by -$4.05 from its previous closing price. On the day, 3.76 million shares were traded. ADI stock price reached its highest trading level at $236.92 during the session, while it also had its lowest trading level at $229.03.
Ratios:
Our goal is to gain a better understanding of ADI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 48.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.30. For the most recent quarter (mrq), Quick Ratio is recorded 1.13 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.19.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May 23, 2024, Reiterated its Buy rating but revised its target price to $270 from $210 previously.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $250.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $254.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $254 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when ROCHE VINCENT sold 10,000 shares for $226.70 per share. The transaction valued at 2,267,000 led to the insider holds 51,039 shares of the business.
Bryant Gregory M sold 17,612 shares of ADI for $4,120,212 on Jun 13 ’24. The EVP & Pres. Global Bus. Units now owns 69,241 shares after completing the transaction at $233.94 per share. On Jun 03 ’24, another insider, ROCHE VINCENT, who serves as the Chair & CEO of the company, sold 10,000 shares for $235.09 each. As a result, the insider received 2,350,900 and left with 51,039 shares of the company.
Valuation Measures:
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 119111835648 and an Enterprise Value of 120043954176. As of this moment, Analog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.92, and their Forward P/E ratio for the next fiscal year is 28.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.92 while its Price-to-Book (P/B) ratio in mrq is 3.24. Its current Enterprise Value per Revenue stands at 11.471 whereas that against EBITDA is 24.659.
Stock Price History:
The Beta on a monthly basis for ADI is 1.08, which has changed by 0.20258975 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, ADI has reached a high of $244.14, while it has fallen to a 52-week low of $154.99. The 50-Day Moving Average of the stock is 0.34%, while the 200-Day Moving Average is calculated to be 16.35%.
Shares Statistics:
The stock has traded on average 3.16M shares per day over the past 3-months and 3199850 shares per day over the last 10 days, according to various share statistics. A total of 496.26M shares are outstanding, with a floating share count of 494.29M. Insiders hold about 0.39% of the company’s shares, while institutions hold 89.12% stake in the company. Shares short for ADI as of 1719532800 were 9138680 with a Short Ratio of 2.89, compared to 1717113600 on 9053114. Therefore, it implies a Short% of Shares Outstanding of 9138680 and a Short% of Float of 1.8499999999999999.
Dividends & Splits
In the trailing 12 months, ADI’s forward annual dividend rate was 3.56, compared to 3.56 this year. Against a Trailing Annual Dividend Yield of 0.014830861The stock’s 5-year Average Dividend Yield is 1.8. The current Payout Ratio is 50.98% for ADI, which recently paid a dividend on 2024-06-04 with an ex-dividend date of 1717459200. Stock splits for the company last occurred on 2000-03-16 when the company split stock in a 2:1 ratio.
