In a filing, Analog Devices Inc. revealed its EVP, Global Operations Jain Vivek unloaded Company’s shares for reported $0.69 million on Apr 04 ’24. In the deal valued at $197.56 per share,3,479 shares were sold. As a result of this transaction, Jain Vivek now holds 5,745 shares worth roughly $1.13 million.
Then, ROCHE VINCENT sold 10,000 shares, generating $1,974,000 in total proceeds. Upon selling the shares at $197.40, the Chair & CEO now owns 51,039 shares.
Before that, CHAMPY JAMES sold 1,228 shares. Analog Devices Inc. shares valued at $242,702 were divested by the Director at a price of $197.64 per share. As a result of the transaction, CHAMPY JAMES now holds 6,371 shares, worth roughly $1.25 million.
Cantor Fitzgerald initiated its Analog Devices Inc. [ADI] rating to a Neutral in a research note published on January 23, 2024; the price target was $205. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in mid January from “a Peer perform” to “an Outperform”. Bernstein also remained covering ADI and has decreased its forecast on January 04, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Edward Jones revised its rating on December 22, 2023. It rated ADI as “a Buy” which previously was an “a Hold”.
Price Performance Review of ADI
On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock jump 0.99% to $196.69. Over the last five days, the stock has gained 0.04%. Analog Devices Inc. shares have fallen nearly -0.94% since the year began. Nevertheless, the stocks have risen 3.32% over the past one year. While a 52-week high of $202.77 was reached on 01/24/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $192.94, while 200 days put it at $185.46. A total of 2.46 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 194.82, which if violated will result in even more drops to 192.95. On the upside, there is a resistance level at 197.77. A further resistance level may holdings at 198.85. The Relative Strength Index (RSI) on the 14-day chart is 54.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.88%. Stochastics %K at 54.93% indicates the stock is a holding.
How much short interest is there in Analog Devices Inc.?
A steep rise in short interest was recorded in Analog Devices Inc. stocks on Mar 15, 2024, growing by 0.75 million shares to a total of 7.38 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.63 million shares. There was a rise of 10.16%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.87.
The most recent change occurred on November 22, 2023 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $210.
