As of the end of trading on May 27, 2023, ADI’s stock price stood at $176.53, with a slight increase of $0.14 (+0.08%) after hours. The day’s trading range was between $171.49 and $177.74, showcasing the typical fluctuations experienced in the market. Over the past year, ADI has seen a wider trading range between $133.48 and $198.25, demonstrating the stock’s potential for both high and low extremes.
ADI has a substantial market cap of $88.515 billion, a testament to its size and influence within the tech industry. With a price-to-earnings (PE) ratio of 25.11 and earnings per share (EPS) of $7.03, the company’s financials reveal a strong earnings profile.
The company offers a forward dividend & yield of 3.44 (2.00%), making it an attractive prospect for income-focused investors. However, it’s crucial to consider the company’s future prospects alongside its current performance. The 1-year target estimate for ADI stock is $207.10, suggesting some analysts see room for growth.
However, a key point of contention is the stock’s current perceived value. According to fair value estimations, ADI’s stock is considered overvalued, with an estimated return of -9%. This suggests that the stock may be priced higher than its intrinsic value, potentially signaling a future correction.
