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Recent Insider Activity Could Benefit Analog Devices Inc. (ADI)


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 $1.17 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 $1.3 million.

Evercore ISI initiated its Analog Devices Inc. [ADI] rating to an Outperform in a research note published on April 16, 2024; the price target was $254. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Wolfe Research also remained covering ADI and has increased its forecast on January 18, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Bernstein revised its rating on January 04, 2024. It rated ADI as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of ADI

On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock jump 0.96% to $203.90. Over the last five days, the stock has gained 9.44%. Analog Devices Inc. shares have risen nearly 2.69% since the year began. Nevertheless, the stocks have risen 14.80% over the past one year. While a 52-week high of $204.20 was reached on 04/09/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $193.57, while 200 days put it at $185.72. A total of 2.29 million shares were traded, compared to the trading of 3.14 million shares in the previous session.

Levels Of Support And Resistance For ADI Stock

The 24-hour chart illustrates a support level at 201.70, which if violated will result in even more drops to 199.50. On the upside, there is a resistance level at 205.04. A further resistance level may holdings at 206.18. The Relative Strength Index (RSI) on the 14-day chart is 61.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.37%. Stochastics %K at 86.79% indicates the stock is a selling.

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