Wells Fargo raised the price target for the Analog Devices Inc. (NASDAQ:ADI) stock to “an Equal weight”. The rating was released on July 26, 2021. We previously noted in another research note published on June 25, 2021 by BofA Securities that reiterated the stock to a Buy with a price target of $200 for ADI stock. The research report from Needham has initiated the stock to Buy, with a price target set at $195. The stock was upgraded by Bernstein, who disclosed in a research note on May 20, 2021, from Mkt Perform to Outperform and set the price objective to $185.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Analog Devices Inc. (NASDAQ:ADI) raised 2.31% to close Wednesday’s market session at $172.58, higher as compared to yesterday’s close. The stock price fluctuated between $168.60 and $175.25 throughout the trading session with the volume trading being 10110840 shares, which represented a significant variation when compared to the three months average volume of 3.15 million shares. The firm’s stock price fluctuated 5.21% within the last five trades and 2.53% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.94% in the last 6 months and 12.12% was added to its value over the previous 3 months. ADI stock is trading at a margin of 4.86%, 4.28% and 13.41% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ADI deals in the Technology domain. The stock is trading 0.08 percent below its 52-week high and 55.96 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 46.03. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Analog Devices Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 30.10 percent and the profit margin is 25.20 percent, and the company has reported a gross margin of 67.40 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $63.32 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Analog Devices Inc. (NASDAQ:ADI) is 41.19. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 24.73. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 10.21 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.23, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Analog Devices Inc. shares are owned by insiders, and 99.40 percent are held by financial institutions. ROCHE VINCENT, the President & CEO at Analog Devices Inc. (ADI) has sold 10,000 shares of firm on Aug 02 at a price of $168.64 against the total amount of $1.69 million. In another inside trade, Henderson Gregory N., SVP, Atmtve, Comm, ArSpc & Def of Analog Devices Inc. (NASDAQ:ADI) sold 6,078 shares of the firm on Jun 15 for a total worth of $1.02 million at a price of $168.43. An inside trade which took place on Jun 01, President & CEO of Analog Devices Inc. ROCHE VINCENT sold 10,000 shares of firm against total price of $1.64 million at the cost of $164.20 per share.