Analog Devices (ADI) Offering Possible 26.58% Return Over the Next 21 Calendar Days

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Analog Devices’s most recent trend suggests a bearish bias. One trading opportunity on Analog Devices is a Bear Call Spread using a strike $185.00 short call and a strike $190.00 long call offers a potential 26.58% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $190.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Analog Devices is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Analog Devices is bearish.

The RSI indicator is at 53.63 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Analog Devices

Analog Devices to Participate in the Credit Suisse Technology Conference
Wed, 24 Nov 2021 21:00:00 +0000
WILMINGTON, Mass., November 24, 2021–Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s Chief Financial Officer, Prashanth Mahendra-Rajah, will speak at the Credit Suisse 25th Annual Technology Conference in Scottsdale, AZ on Tuesday, November 30th, at 2:30 p.m. Mountain time.

Analog Devices Beats Earnings Estimates. The Chip Maker’s 2022 Is Also Looking Good.
Tue, 23 Nov 2021 23:02:00 +0000
Analog Devices reports fiscal fourth-quarter adjusted per-share earnings of $1.73 from $2.3 billion in sales. Wall Street was looking for $1.70 a share from $2.3 billion in sales.

Chipmaker Analog Devices Delivers Beat-And-Raise Quarterly Report
Tue, 23 Nov 2021 21:01:59 +0000
Chipmaker Analog Devices on Tuesday topped expectations for its fiscal fourth quarter and guided higher for the current period.

Analog Devices forecasts sales above estimates as it adds chipmaking capacity
Tue, 23 Nov 2021 19:32:23 +0000
Analog Devices Inc on Tuesday forecast fiscal first-quarter sales above Wall Street estimates as it said that hundreds of millions of dollars in investments would boost its chipmaking capacity. Wilmington, Massachusetts-based ADI makes chips that go into industrial robots, 5G telecommunications equipment and, increasingly, automobiles. The company said it expects fiscal first-quarter sales and adjusted profits with midpoints $2.6 billion and $1.78 per share, versus analyst estimates of $2.49 billion and $1.70 per share, according to IBES data from Refinitiv.

Analog Devices, inc (ADI) Q4 2021 Earnings Call Transcript
Tue, 23 Nov 2021 19:30:51 +0000
ADI earnings call for the period ending October 30, 2021.

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