Taking a Look at the Data Behind Analog Devices, Inc. (ADI)

Analog Devices, Inc. (ADI) is an interesting player in the Technology space, with a focus on Semiconductor – Integrated Circuits. The stock has been active on the tape, currently trading at $90.80, up from yesterday’s close by 0.86%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Analog Devices, Inc. (ADI) currently trades with a market capitalization of $34.58 Billion. That value represents a market adjusting for revenues that have been growing by 54.26 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $947.81 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $1.38 on a per share basis this quarter. Perhaps, that suggests something about why 0.35% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Analog Devices, Inc. recorded a 52-week high of $98.38. It is now trading 7.58% off that level. The stock is trading $90.00 its 50-day moving average by -0.8%. The stock carved out a 52-week low down at $74.65.

In recent action, Analog Devices, Inc. (ADI) has made a move of -4.08% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.08, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.54% with $368.34 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ADI.

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