The Future Belongs To Analog Devices Inc. (NASDAQ: ADI) For Risk-Tolerant Investors – Marketing Sentinel
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The Future Belongs To Analog Devices Inc. (NASDAQ: ADI) For Risk-Tolerant Investors

During the recent session, Analog Devices Inc. (NASDAQ:ADI)’s traded shares were 1.02 million, with the beta value of the company hitting 1.07. At the last check today, the stock’s price was $157.62, reflecting an intraday gain of 3.09% or $4.73. The 52-week high for the ADI share is $191.95, that puts it down -21.78 from that peak though still a striking 8.76% gain since the share price plummeted to a 52-week low of $143.81. The company’s market capitalization is $81.09B, and the average trade volume was 3.79 million shares over the past three months.

Analog Devices Inc. (ADI) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. ADI has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 5 suggest Overweight, and 16 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $2.11.

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Analog Devices Inc. (NASDAQ:ADI) trade information

Analog Devices Inc. (ADI) registered a 3.09% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.09% in intraday trading to $157.62 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -3.38%, and it has moved by -1.68% in 30 days. Based on these gigs, the overall price performance for the year is 4.27%.

The consensus price target of analysts on Wall Street is $202.13, which implies an increase of 22.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $177.00 and $225.00 respectively. As a result, ADI is trading at a discount of -42.75% off the target high and -12.3% off the low.

Analog Devices Inc. (ADI) estimates and forecasts

Statistics show that Analog Devices Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Analog Devices Inc. (ADI) shares have gone down -15.47% during the last six months, with a year-to-date growth rate less than the industry average at 30.50% against 33.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 37.00% this quarter and then jump 25.60% in the quarter after that. In the rating firms’ projections, revenue will increase 54.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $2.84 billion as predicted by 21 analyst(s). Meanwhile, a consensus of 21 analyst(s) estimates revenue growth to $2.89 billion by the end of Jul 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 4.70%. While earnings are projected to return 5.60% in 2022, the next five years will return 14.71% per annum.

ADI Dividends

Analog Devices Inc. is due to release its next quarterly earnings on May 18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Analog Devices Inc. is 3.04, with the dividend yield indicating at 1.99 percent, continuing the trend of increasing dividends in recent years.

Analog Devices Inc. (NASDAQ:ADI)’s Major holders

Analog Devices Inc. insiders own 0.37% of total outstanding shares while institutional holders control 88.66%, with the float percentage being 88.98%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,814 institutions own stock in it. As of Dec 30, 2021, the company held over 46.03 million shares (or 8.80% of all shares), a total value of $8.09 billion in shares.

The next largest institutional holding, with 43.05 million shares, is of Blackrock Inc.’s that is approximately 8.23% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $7.57 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Analog Devices Inc. (ADI) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Dec 30, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 15.27 million shares. This amounts to just over 2.92 percent of the company’s overall shares, with a $2.68 billion market value. The same data shows that the other fund manager holds slightly less at 11.38 million, or about 2.17% of the stock, which is worth about $2.0 billion.

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