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Analog Devices Inc. (ADI) receives a Buy rating from Jefferies

Analog Devices Inc.’s recently made public that its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $1.97 million on May 01 ’24. In the deal valued at $197.06 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 51,039 shares worth roughly $10.64 million.

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Then, Jain Vivek sold 3,479 shares, generating $687,317 in total proceeds. Upon selling the shares at $197.56, the EVP, Global Operations now owns 5,745 shares.

Before that, ROCHE VINCENT sold 10,000 shares. Analog Devices Inc. shares valued at $1,974,000 were divested by the Chair & CEO at a price of $197.40 per share. As a result of the transaction, ROCHE VINCENT now holds 51,039 shares, worth roughly $10.64 million.

Jefferies initiated its Analog Devices Inc. [ADI] rating to a Buy in a research note published on May 13, 2024; the price target was $250. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Cantor Fitzgerald began covering ADI with “Neutral” recommendation on January 23, 2024. Wolfe Research revised its rating on January 18, 2024. It rated ADI as “an Outperform” which previously was an “a Peer perform”.

Price Performance Review of ADI

On Monday, Analog Devices Inc. [NASDAQ:ADI] saw its stock jump 0.57% to $208.38. Over the last five days, the stock has gained 2.49%. Analog Devices Inc. shares have risen nearly 4.95% since the year began. Nevertheless, the stocks have risen 15.39% over the past one year. While a 52-week high of $207.76 was reached on 05/13/24, a 52-week low of $154.99 was recorded on 01/04/24. SMA at 50 days reached $195.88, while 200 days put it at $186.15. A total of 2.31 million shares were traded, compared to the trading of 2.62 million shares in the previous session.

Levels Of Support And Resistance For ADI Stock

The 24-hour chart illustrates a support level at 207.70, which if violated will result in even more drops to 207.03. On the upside, there is a resistance level at 209.40. A further resistance level may holdings at 210.43. The Relative Strength Index (RSI) on the 14-day chart is 63.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.55%. Stochastics %K at 95.15% indicates the stock is a selling.

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