Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Analog Devices, Inc. before investing.

In this article, we go over a few key elements for understanding Analog Devices, Inc.’s stock price such as:

• Analog Devices, Inc.’s current stock price and volume
• Why Analog Devices, Inc.’s stock price changed recently
• Upgrades and downgrades for ADI from analysts
• ADI’s stock price momentum as measured by its relative strength

About Analog Devices, Inc. (ADI)

Before we jump into Analog Devices, Inc.’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Analog Devices, Inc. is a global semiconductor company. The Company combines analog, digital and software technologies into solutions that help drive advancements in digitized factories, mobility and digital healthcare, combat climate change, and connect humans and the world. It designs, manufactures, tests and markets a broad portfolio of solutions, including integrated circuits (ICs), software and subsystems that leverage high-performance analog, mixed-signal and digital signal processing technologies. The Company's comprehensive product portfolio, domain specialization and manufacturing capabilities extend across high-performance precision and high-speed mixed-signal, power management and processing technologies, including data converters, amplifiers, power management, radio frequency (RF) ICs, edge processors and other sensors. The Company sell its products globally through a direct sales force, third-party distributors, independent sales representatives and via its Website.

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Analog Devices, Inc.’s Stock Price as of Market Close

As of July 23, 2024, 4:00 PM, CST, Analog Devices, Inc.’s stock price was $230.32.

Analog Devices, Inc. is down 4.05% from its previous closing price of $240.04.

During the last market session, Analog Devices, Inc.’s stock traded between $233.32 and $240.26. Currently, there are 496.13 million shares of Analog Devices, Inc. stock available for purchase.

Analog Devices, Inc.’s price-earnings (P/E) ratio is currently at 58.4, which is high compared to the Semiconductors industry median of 26.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Analog Devices, Inc. Stock Price History

Analog Devices, Inc.’s (ADI) price is currently up 0.9% so far this month.

During the month of July, Analog Devices, Inc.’s stock price has reached a high of $244.14 and a low of $223.92.

Over the last year, Analog Devices, Inc. has hit prices as high as $244.14 and as low as $154.99. Year to date, Analog Devices, Inc.’s stock is up 40.41%.

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What Caused Analog Devices, Inc. Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of July 22, 2024,, no analysts have changed their rating of Analog Devices, Inc.’s stock over the last month.

Additionally, you'll want to evaluate Analog Devices, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Analog Devices, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Analog Devices, Inc.’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Analog Devices, Inc. (ADI) by visiting AAII Stock Evaluator.

Relative Price Strength of Analog Devices, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 22, 2024, Analog Devices, Inc. has a weighted four-quarter relative price strength of 3.95%, which translates to a Momentum Score of 78 and is considered to be Strong.

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Analog Devices, Inc. Stock Price: Bottom Line

As of July 23, 2024, Analog Devices, Inc.’s stock price is $230.32, which is down 4.05% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Analog Devices, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.