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Friday, September 29, 2023

Is Analog Devices Inc. (NASDAQ: ADI) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Analog Devices Inc. (ADI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.73, or 0.41%, to $180.45. The Analog Devices Inc. has recorded 143,855 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Analog Devices to Participate in J.P. Morgan 14th Annual U.S. All Stars Conference.

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Stocks Info

Analog Devices Inc. is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $179.72 and fluctuated between $180.36 as its day high and $177.40 as its day low. The current market capitalization of Analog Devices Inc. is $90.33B. A total of 2.7 million shares were traded on the day, compared to an average of 3.40M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ADI has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 24,101 and the disposition of 22,033 shares. Over the last 12 months, there were 51 BUYs and 79 SELLs from insiders. Insiders purchased 321,934 shares during that period but sold 280,683.

In the most recent transaction, ROCHE VINCENT sold 10,000 shares of ADI for 182.60 per share on Sep 01. After the transaction, the Chair & CEO now owns 70,713 company shares. In a previous transaction on Aug 01, ROCHE VINCENT sold 10,000 shares at 197.64 per share. ADI shares that Chair & CEO owns now total 70,713.

Among the insiders who sold shares, ROCHE VINCENT disposed of 10,000 shares on Jul 10 at a per-share price of $185.91. This resulted in the Chair & CEO holding 70,713 shares of ADI after the transaction. In another insider transaction, Mahendra-Rajah Prashanth sold 30,591 shares at $192.75 per share on Jun 14. Company shares held by the EVP, Finance & CFO now total 27,458.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Analog Devices Inc. pays an annual dividend of $3.44, resulting in a dividend yield of 1.91%, and it has a price to earnings (P/E) ratio of 24.42. ADI’s most recent ex-dividend date was 9/1/2023 when it declared a $0.86 quarterly dividend that was paid in cash on 9/14/2023. Previously, the company paid the dividend on 6/14/2023 with an ex-dividend date of 6/2/2023. The ADI stock dividend was $0.86 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ADI in the last 3 months, the mean price target is $200.75 with high estimates of $220.00 and low estimates of $175.00. In terms of 52-week highs and lows, ADI has a high of $200.10 and a low of $133.48.

As of this writing, ADI has an earnings estimate of $2 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $2.07 per share and a lower estimate of $1.99. The company reported an EPS of $2.83 in the last quarter, which was 2.90% higher than expectations of $2.75.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ADI’s latest balance sheet shows that the firm has $1.98B in Cash & Short Term Investments as of fiscal 2021. There were $6.77B in debt and $2.77B in liabilities at the time. Its Book Value Per Share was $71.80, while its Total Shareholder’s Equity was $37.99B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ADI is Buy with a score of 4.26.

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