In the last trading session, 5.28 million Analog Devices Inc. (NASDAQ:ADI) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $173.47 changed hands at $0.66 or 0.38% during last session, the market valuation stood at $92.43B. ADI’s last price was a discount, traded about -1.03% off its 52-week high of $175.25. The share price had its 52-week low at $110.66, which suggests the last value was 36.21% up since then. When we look at Analog Devices Inc.’s average trading volume, we note the 10-day average is 5.81 million shares, with the 3-month average coming to 4.02 million.
Analysts gave the Analog Devices Inc. (ADI) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 26 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 5 recommended ADI as a Hold, 17 felt it is a Buy and 1 rated the stock as Underweight. Analog Devices Inc.’s EPS for the current quarter is expected to be $1.7.
Analog Devices Inc. (NASDAQ:ADI) trade information
Instantly ADI was in green as seen at the end of in last trading. With action 6.25%, the performance over the past five days has been green. The jump to weekly highs of 174.10 on Tuesday, 09/14/21 added 0.38% to the stock’s daily price. The company’s shares are showing year-to-date upside of 17.42%, with the 5-day performance at 6.25% in the green. However, in the 30-day time frame, Analog Devices Inc. (NASDAQ:ADI) is 1.99% up. Looking at the short shares, we see there were 40.76 million shares sold at short interest cover period of 12.05 days.
The consensus price target for the stock as assigned by Wall Street analysts is $190.95, meaning bulls need an upside of 9.15% from its current market value. According to analyst projections, ADI’s forecast low is $165.00 with $210.00 as the target high. To hit the forecast high, the stock’s price needs a -21.06% plunge from its current level, while the stock would need to tank 4.88% for it to hit the projected low.
Analog Devices Inc. (ADI) estimates and forecasts
Data shows that the Analog Devices Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 13.32% over the past 6 months, a 30.55% in annual growth rate that is considerably lower than the industry average of 32.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Analog Devices Inc. will rise 18.10%, while the growth in revenue is estimated to hit 17.40% for the next quarter. Year-over-year growth is forecast to reach 30.10% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of $2.31 billion. 15 analysts are of the opinion that Analog Devices Inc.’s revenue for the quarter ending Jan 2022 will be $2.48 billion. The company’s revenue for the corresponding quarters a year ago was $1.53 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 51.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 8.30%. The 2021 estimates are for Analog Devices Inc. earnings to decrease by -10.00%, but the outlook for the next 5-year period is at 17.27% per year.
Analog Devices Inc. is expected to release its next quarterly earnings report between November 22 and November 26. The 1.59% annual yield figure for the share gives it an annual dividend of 2.76. It is important to note, however, that the 1.59% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.04 per year.
Analog Devices Inc. (NASDAQ:ADI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.32% of Analog Devices Inc. shares while 99.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.49%. There are 99.17% institutions holding the Analog Devices Inc. stock share, with JP Morgan Chase & Company the top institutional holder. As of Mar 30, 2021, the company held 8.60% of the shares, roughly 31.71 million ADI shares worth $4.92 billion.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 8.45% or 31.16 million shares worth $4.83 billion as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 10.4 million shares estimated at $1.61 billion under it, the former controlled 2.82% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.05% of the shares, roughly 7.55 million shares worth around $1.17 billion.