Analog Devices Inc. (NASDAQ:ADI)’s traded shares stood at 0.85 million during the latest session, with the company’s beta value hitting 1.17. At the last check today, the stock’s price was $167.79, to imply an increase of 0.49% or $0.81 in intraday trading. The ADI share’s 52-week high remains $178.84, putting it -6.59% down since that peak but still an impressive 31.08% since price per share fell to its 52-week low of $115.64. The company has a valuation of $89.63B, with an average of 3.82 million shares in intraday trading volume over the past 10 days and average of 4.59 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Analog Devices Inc. (ADI), translating to a mean rating of 1.90. Of 27 analyst(s) looking at the stock, 0 analyst(s) give ADI a Sell rating. 3 of those analysts rate the stock as Overweight while 5 advise Hold as 18 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.7.
Analog Devices Inc. (NASDAQ:ADI) trade information
After registering a 0.49% upside in the latest session, Analog Devices Inc. (ADI) has traded red over the past five days. The stock hit a weekly high of 169.29 this Thursday, 10/07/21, jumping 0.49% in its intraday price action. The 5-day price performance for the stock is -0.30%, and 2.02% over 30 days. With these gigs, the year-to-date price performance is 13.03%. Short interest in Analog Devices Inc. (NASDAQ:ADI) saw shorts transact 12.49 million shares and set a 2.22 days time to cover.
Analysts on Wall Street suggest a consensus price target of $193.00, implying an increase of 13.06% to the stock’s recent value. The extremes give us $165.00 and $215.00 for target low and target high price respectively. As such, ADI has been trading -28.14% off suggested target high and 1.66% from its likely low.
Analog Devices Inc. (ADI) estimates and forecasts
Looking at statistics comparing Analog Devices Inc. share performance against respective industry, we note that the company has underperformed competitors. Analog Devices Inc. (ADI) shares are 3.56% up over the last 6 months, with its year-to-date growth rate lower than industry average at 30.55% against 32.60%. Revenue is forecast to grow 18.10% this quarter before jumping 17.40% for the next one. The rating firms project that company’s revenue will grow 30.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is $2.31 billion. Meanwhile, for the quarter ending Jan 2022, a total of 15 analyst(s) estimate revenue growth to $2.48 billion.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.30% for the past 5-year period. While 2021 is set for a -10.00% return in earnings, projections for the next 5 years are at 17.27% annually.
Analog Devices Inc. has its next earnings report out between November 22 and November 26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Analog Devices Inc. has a forward dividend ratio of 2.76, with the share yield ticking at 1.65% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 1.98%.
Analog Devices Inc. (NASDAQ:ADI)’s Major holders
Analog Devices Inc. insiders hold 0.22% of total outstanding shares, with institutional holders owning 70.57% of the shares at 70.72% float percentage. In total, 70.57% institutions holds shares in the company, led by JP Morgan Chase & Company. As of Jun 29, 2021, the company held over 33.34 million shares (or 9.06% of shares), all amounting to roughly $5.74 billion.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 31.27 million shares, or about 8.49% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $5.38 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Analog Devices Inc. (ADI) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 10.42 million shares. This is just over 2.83% of the total shares, with a market valuation of $1.79 billion. Data from the same date shows that the other fund manager holds a little less at 7.66 million, or 2.08% of the shares, all valued at about 1.32 billion.