For its third fiscal quarter (ending July 31), Analog Devices Inc (NASDAQ: ADI) has reported E.P.S. of $0.79 compared to $1.75 a year ago. For the latest four quarters through July 31, E.P.S. were $3.33 versus $7.42 for the same period a year ago.
Recent Price Action
Analog Devices Inc (NASDAQ: ADI) stock increased 1.8% on 8/21/24. The shares closed at $227.50. Moreover, unusually high trading volume at 164% of normal accompanied the advance. The stock has risen 4.4% during the last week and has been strong relative to the market over the last nine months.
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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Analog Devices has a slightly positive Appreciation Score of 65 and a good Power Rating of 80, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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