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Wednesday, December 6, 2023

Analog Devices Inc. (NASDAQ: ADI): Is It A Buying Opportunity Again?

After Hours

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. After-hours trades for Analog Devices Inc. (ADI) shows that investor sentiment remained same, with the stock’s consolidated last price to $170.66. The Analog Devices Inc. has recorded 440,937 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Analog Devices, Inc. to Report Fourth Quarter Fiscal Year 2023 Financial Results on Tuesday, November 21, 2023.

Stocks Info

ADI belongs to the Technology sector of the NASDAQ while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $170.66 and fluctuated between $171.62 as its day high and $170.10 as its day low. The current market capitalization of Analog Devices Inc. is $85.04B. A total of 3.24 million shares were traded on the day, compared to an average of 3.35M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ADI has seen 5 BUY and 14 SELL insider trades, representing the acquisition of 98,405 and the disposition of 53,920 shares. Over the last 12 months, there were 54 BUYs and 88 SELLs from insiders. Insiders purchased 416,237 shares during that period but sold 328,470.

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.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Analog Devices Inc. pays an annual dividend of $3.36, resulting in a dividend yield of 1.97%, and it has a price to earnings (P/E) ratio of 23.19. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ADI in the last 3 months, the mean price target is $200.38 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 $154.99.

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 24 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $72.02, while its Total Shareholder’s Equity was $37.99B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.29.

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