Analog Devices, Inc. (NASDAQ:ADI) shares traded 0.03% during the most recent session the stock exchanged hands 4,568,700 shares versus average trading capacity of 3.12M shares, yielding a market cap of $27.24B. Wall Street analysts covering the stock are projecting that the stock will reach $91.50 within the next 52-weeks. The mean target projections are based on 24 opinions, the mean target was last revised on 04/24/17.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Analog Devices, Inc. (NASDAQ:ADI) high price target of $103.00 and with a conservative view have low price target of $80.00 with a standard deviation of $7.49. If seeing target price from optimistic overview then it has a 35 percent upside potential from the latest closing price of $76.22.
Analog Devices, Inc. (NASDAQ:ADI) received “Upgrade” rating by Stephens Inc in a research note issued to investors on Apr-24-17 from Equal-Weight to Overweight.
Additionally on Mar-13-17 Analog Devices, Inc. (NASDAQ:ADI) was “Reiterated” by Stifel as Buy from $92 to $95 and on Mar-13-17 the stock was “Reiterated” by Barclays as Equal Weight from $85 to $90. Furthermore on Mar-07-17 the stock was “Reiterated” by Stifel as Buy from $90 to $92.
On the other hand the company has Relative Strength Index (RSI 14) of 34.56 along with Average True Range (ATR 14) of 1.49, Consequently Analog Devices, Inc. (NASDAQ:ADI)’s weekly and monthly volatility is 2.03%, 1.79% respectively. The company’s beta value is at 1.25.
In terms of Buy, Sell or Hold recommendations, Analog Devices, Inc. (NASDAQ:ADI) has an analysts’ mean recommendation of 2.10. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
Analysts who have weighed in on projected earnings growth are expecting that Analog Devices, Inc. (NASDAQ:ADI) will report earnings of $0.84 for the current quarter on or around 5/31/17 Before Market Open, however the company’s high EPS estimates are $0.91 and low estimates are $0.78. However the company reported $0.64 earnings per share for the same quarter during last year.
Previously Analog Devices, Inc. (NASDAQ:ADI) reported $0.94 earnings per share (EPS) for the quarter on 2/15/2017 Before Market Open, beating the consensus estimate of $0.73 by $0.21. The company posted an earnings surprise of 28.77%.
While considering growth estimates of the company, it has next quarter growth estimates of 26.80% whereas during current quarter it has 31.20% estimations over growth, comparing to the estimations of 30.30% during current year and 15.30% for next year. Past 5 years growth of Analog Devices, Inc. (NASDAQ:ADI) observed at 13.46%, looking forward for the next 5 years it has a strong prediction of 17.22% over growth.
Analog Devices, Inc. (NASDAQ:ADI)’s revenue estimates for the current quarter are $1.1B according to 12 number of analysts, for the current quarter the company has high revenue estimates of $1.13B in contradiction of low revenue estimates of $1.07B. For the current year the company’s revenue estimates are $4.91B compared to low analyst estimates of $4.79B and high estimates of $4.99B according 13 number of analysts.
Currently Analog Devices, Inc. (NASDAQ:ADI)’s shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 79.50%. However the six-month change in the insider ownership was recorded -25.13%, as well as three-month change in the institutional ownership was recorded 0.39%.
Analog Devices, Inc. (NASDAQ:ADI) is trading -9.52% away from its 52 week high of $84.24 and +48.71% far from the stock’s low point over the past 52 weeks, which was $51.25. The stock hit its 52-week high on 03/06/17, and 52-week low on 06/27/16. The company’s trailing twelve month income is 914.30M dollars and is paying 2.36% dividend yield annually.
Analog Devices, Inc. (NASDAQ:ADI)’s trailing twelve month revenues are $3.64B, whereas its price to sales ratio for the same period is 7.82. Its book value per share for the most recent quarter is $17.18 while its price to book ratio for the same period is 4.44, as for as the company’s cash per share for the most recent quarter is $16.94, however its price to cash per share ratio for the same period is 4.50. The stock has a current PEG ratio of 2.52 where as its trailing twelve month P/E ratio is 26.00.