ADI - an eye catching balance sheet with an 28.5% Opr.Margin#ADI
Analog Devices had a recent move from 105 to 115 in the last two weeks. Further move towards 125 should/can be expected as the fundamentals in balance sheet looks brilliant.
Debt-to-Equity Ratio = 0.47
Operating Margin = 28.55%
DIV Expected = 2.15
ADI trade ideas
Analog devices bullish pre earnings. Symmetrical triangle has developed in the stock and despite some negative option trading we think a break to the upside is coming.
Given the range maybe its wise to place some shorts below major support.
Indicators are bullish having already bottomed and the volume is very impressive.
P/E ratio 27.88
Company profile
Analog Devices, Inc. engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Norwood, MA.
ADI - Descending TriangleThe $103.90 price range has been a good support line for the stock since February. The price broke down in May before regaining the line with the June rally.
The descending triangle pattern has been in place since mid-July. Another breakdown of the support line would trigger the pattern with a price target of around $82.