For its second fiscal quarter (ending April 30), Analog Devices Inc (NASDAQ: ADI) has reported E.P.S. of $0.61 compared to $1.94 a year ago. For the latest four quarters through April 30, E.P.S. were $4.29 compared to $7.11 a year ago.
Recent Price Action
Analog Devices Inc (NASDAQ: ADI) stock closed at $240.16 on 5/22/24 after a major increase of 10.9%. Moreover, exceptionally high trading volume at 291% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 13.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ADI is expected to continue to be a Value Builder.
Analog Devices has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Analog Devices has a neutral Power Rating of 54 and a slightly positive Appreciation Score of 66, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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