Analog Devices (ADI) : Investors lapped up stocks on upticks to the tune of $18.31 million in the Wednesdays trading session. The trading value on downticks was comparatively at $8.76 million and the uptick to downtick ratio of 2.09 indicates continuous buying by the bulls. The net money flow into the stock was $9.55 million. Upticks saw transactions worth $8.65 clearly indicating buying by large investors. The total money flow for block trades stood at $8.65 million, which is a positive for the stock in the long-term. Analog Devices (ADI) fell $0.04 during the day at $63.77, a drop of -0.06% over the previous days close. However, for the week, the stock is 0.85%, compared to the previous week.
Shares of Analog Devices, Inc. rose by 1% in the last five trading days and 1.65% for the last 4 weeks. Analog Devices, Inc. is up 15.7% in the last 3-month period. Year-to-Date the stock performance stands at 18.14%.
Analog Devices (ADI) has an average broker rating of 1.58, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 11 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Analog Devices (NASDAQ:ADI): The stock opened at $64.02 and touched an intraday high of $64.13 on Wednesday. During the day, the stock corrected to an intraday low of $63.27, however, the bulls stepped in and pushed the price higher to close in the green at $63.93 with a gain of 0.19% for the day. The total traded volume for the day was 2,313,234. The stock had closed at $63.81 in the previous trading session.
Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.