Closing Figures: Analog Devices Inc. (ADI)’s Positive Finish at 207.19, Up 1.17

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After finishing at $204.79 in the prior trading day, Analog Devices Inc. (NASDAQ: ADI) closed at $207.19, up 1.17%. In other words, the price has increased by $1.17 from its previous closing price. On the day, 2.62 million shares were traded. ADI stock price reached its highest trading level at $207.76 during the session, while it also had its lowest trading level at $205.24.

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 78.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.69. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.51. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.17.

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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $254.

On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $205.

Wolfe Research Upgraded its Peer Perform to Outperform on January 18, 2024, while the target price for the stock was maintained at $225.

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 May 01 ’24 when ROCHE VINCENT sold 10,000 shares for $197.06 per share. The transaction valued at 1,970,600 led to the insider holds 51,039 shares of the business.

Jain Vivek sold 3,479 shares of ADI for $687,317 on Apr 04 ’24. The EVP, Global Operations now owns 5,745 shares after completing the transaction at $197.56 per share. On Apr 01 ’24, another insider, ROCHE VINCENT, who serves as the Chair & CEO of the company, sold 10,000 shares for $197.40 each. As a result, the insider received 1,974,000 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 102747176960 and an Enterprise Value of 108471164928. As of this moment, Analog’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.08, and their Forward P/E ratio for the next fiscal year is 27.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.88 while its Price-to-Book (P/B) ratio in mrq is 2.89. Its current Enterprise Value per Revenue stands at 9.376 whereas that against EBITDA is 19.093.

Stock Price History:

The Beta on a monthly basis for ADI is 1.10, which has changed by 0.12377286 over the last 52 weeks, in comparison to a change of 0.26265144 over the same period for the S&P500. Over the past 52 weeks, ADI has reached a high of $205.77, while it has fallen to a 52-week low of $154.99. The 50-Day Moving Average of the stock is 6.07%, while the 200-Day Moving Average is calculated to be 11.39%.

Shares Statistics:

The stock has traded on average 3.42M shares per day over the past 3-months and 2708180 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 494.04M. Insiders hold about 0.38% of the company’s shares, while institutions hold 89.23% stake in the company. Shares short for ADI as of 1714435200 were 10204460 with a Short Ratio of 2.98, compared to 1711584000 on 8471009. Therefore, it implies a Short% of Shares Outstanding of 10204460 and a Short% of Float of 2.0599999.

Dividends & Splits

In the trailing 12 months, ADI’s forward annual dividend rate was 3.5, compared to 3.50 this year. Against a Trailing Annual Dividend Yield of 0.017090678The stock’s 5-year Average Dividend Yield is 1.81. The current Payout Ratio is 50.98% for ADI, which recently paid a dividend on 2024-03-04 with an ex-dividend date of 1709510400. Stock splits for the company last occurred on 2000-03-16 when the company split stock in a 2:1 ratio.

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