In the last trading session, 4.17 million shares of the Analog Devices Inc. (NASDAQ:ADI) were traded, and its beta was 1.17. Most recently the company’s share price was $189.93, and it changed around $3.62 or 1.94% from the last close, which brings the market valuation of the company to $94.19B. ADI currently trades at a discount to its 52-week high of $204.20, offering almost -7.51% off that amount. The share price’s 52-week low was $154.99, which indicates that the current value has risen by an impressive 18.4% since then. We note from Analog Devices Inc.’s average daily trading volume that its 3-month average coming to 3.42 million.
Analog Devices Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.94. If we narrow it down even further, the data shows that 0 out of 26 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 10 recommended ADI as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Analog Devices Inc. is expected to report earnings per share of $1.26 for the current quarter.
Analog Devices Inc. (NASDAQ:ADI) trade information
Instantly ADI has showed a green trend with a performance of 1.94% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -4.35% year-to-date, but still down -0.68% over the last five days. On the other hand, Analog Devices Inc. (NASDAQ:ADI) is -1.85% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $202.6, which translates to bulls needing to increase their stock price by 6.25% from its current value. Analyst projections state that ADI is forecast to be at a low of $170 and a high of $254.
Analog Devices Inc. (ADI) estimates and forecasts
Analog Devices Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 14.06 percent over the past six months and at a -41.92% annual growth rate that is well below the industry average of -11.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -55.50% in revenue this quarter, and will report a decrease of -45.80% in the next quarter. The year-over-year growth rate is expected to be -25.50%, down from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of $2.11 billion in revenue for the current quarter. 25 analysts expect Analog Devices Inc. to make $2.17 billion in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.35%. Analog Devices Inc. earnings are expected to increase by -40.64% in 2024, but the outlook is negative -1.51% per year for the next five years.
ADI Dividends
Analog Devices Inc.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 1.84 percent and its annual dividend per share was 3.50. It is important to note, however, that the 1.84% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
