Still Better Pick Than Rivals: Analog Devices Inc. (ADI)

Analog Devices Inc.’s stock (NASDAQ:ADI) has been rated as Outperform by Raymond James. This latest rating was contained in a recent research note published by the firm on October 30, 2019 and has set a $120 price target for the stock. Some experts on Wall Street have also posted a report on Analog Devices Inc. (ADI) stock.

Daiwa Securities rated the stock as a Outperform in a research noted published on October 22, 2019. KeyBanc Capital Markets rated the stock as a Overweight in a research note published on October 01, 2019.

As it stands, a total of 27 analysts are covering ADI stock, with 14 of them rating it as a Buy while 3 of them rating it as Overweight. 9 analysts meanwhile advised investors to Hold, 1 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Analog Devices Inc. (ADI) stock has an average rating of Overweight.

Analog Devices Inc. (ADI) which is currently valued at 41.40 billion, with the company publishing its last earnings report on 08/21/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 1.0 billion, which was lower than the forecast of 1.0 billion made by some analysts. For that same quarter, Analog Devices Inc. (ADI) posted $1.55 earnings per share (EPS) which was above the analyst consensus estimate of $1.52 by $0.03, which represents an increase by 2.00%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, ADI price has surged by 3.49%. A look at its price performance over the past three months sees the stock go down by -0.27%, while it has gain 1.34% over the past six months and 29.69% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on Analog Devices Inc. (ADI) has seen its stock trading -5.43% below its three-month high price. A look at the other side also sees stock trading +8.01% above its three-month low. A wider look sees ADI trading -5.43% below its 52-week high and 39.90% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. Analog Devices Inc. (ADI) has so far given an ROE of 12.50%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. Analog Devices Inc. (ADI)’s ROA at the moment stands at 6.70%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

Analog Devices Inc. (ADI) has a return on investment (ROI) of 10.20%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at Analog Devices Inc. (ADI)’s trading volatility. Its 7-day volatility is around 2.33%, while it has a monthly volatility of 2.13%. ADI has an ATR (Average True Range) of 2.88 and a beta factor of 1.42. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of ADI moved down by -$1.42 during the normal trading session on Wednesday to trade at $112.03. The Analog Devices Inc. (ADI) stock has a trading volume of 1.0 million shares, which is low, compared to its average daily volume of 2.18M shares.