Analog Devices Hits Day High with 4.15% Surge in Stock Price

Analog Devices, Inc. has experienced a notable uptick today, gaining 4.15% and reaching an intraday high of USD 235.82. This performance stands in contrast to the S&P 500, which has declined by 2.71% on the same day. Despite this positive movement, the stock has faced challenges over the past week, with a decrease of 3.23%, and a 4.3% drop over the past month.
The company, operating within the Other Electrical Equipment industry, boasts a market capitalization of USD 122,487 million and demonstrates a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.12 times. Additionally, Analog Devices has shown healthy long-term growth, with net sales increasing at an annual rate of 13.48% and operating profit rising by 12.33%.

Institutional holdings are robust at 91.93%, indicating a strong backing from investors with significant resources to analyze company fundamentals. However, the stock's performance over the last year has been below par, generating a return of -2.33%, and it has underperformed the S&P 500 across various time frames.