Analog Devices Inc’s recently made public that its Chair & CEO ROCHE VINCENT unloaded Company’s shares for reported $2.15 million on Jan 02 ’25. In the deal valued at $215.49 per share,10,000 shares were sold. As a result of this transaction, ROCHE VINCENT now holds 21,983 shares worth roughly $4.5 million.
Then, ROCHE VINCENT bought 10,000 shares, generating $2,154,900 in total proceeds.
Before that, ROCHE VINCENT sold 10,000 shares. Analog Devices Inc shares valued at $2,158,300 were divested by the Chair & CEO at a price of $215.83 per share. As a result of the transaction, ROCHE VINCENT now holds 21,983 shares, worth roughly $4.5 million.
TD Cowen reiterated its Analog Devices Inc [ADI] rating to a Buy in a research note published on November 27, 2024; the price target was $260. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Equal weight”‘ rating. Truist also remained covering ADI and has decreased its forecast on September 23, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on May 23, 2024. It rated ADI as “a Buy”.
Price Performance Review of ADI
On Monday, Analog Devices Inc [NASDAQ:ADI] saw its stock fall -0.17% to $204.86. Over the last five days, the stock has lost -0.19%. Analog Devices Inc shares have fallen nearly -3.58% since the year began. Nevertheless, the stocks have risen 6.71% over the past one year. While a 52-week high of $244.14 was reached on 01/23/25, a 52-week low of $182.57 was recorded on 02/03/25. SMA at 50 days reached $214.99, while 200 days put it at $221.47.
Levels Of Support And Resistance For ADI Stock
The 24-hour chart illustrates a support level at 202.82, which if violated will result in even more drops to 200.78. On the upside, there is a resistance level at 207.05. A further resistance level may holdings at 209.25. The Relative Strength Index (RSI) on the 14-day chart is 39.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.84%. Stochastics %K at 12.47% indicates the stock is a buying.
How much short interest is there in Analog Devices Inc?
A steep rise in short interest was recorded in Analog Devices Inc stocks on 2024-10-31, dropping by -2.18 million shares to a total of 7.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 9.62 million shares. There was a decline of -29.36%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $250 price target.
