Analog Devices (ADI) : Zacks Investment Research ranks Analog Devices (ADI) as 3, which is a Hold recommendation. 11 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 21 research analysts is 1.86, which indicates as a Buy.
Analog Devices (ADI) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $51. The average forecast of all the analysts is $59.94 and the expected standard deviation is $4.51.
Analog Devices (NASDAQ:ADI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.15 and $54.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.46, notching a gain of 0.18% for the day. The total traded volume was 1,434,020 . The stock had closed at $55.36 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Bank of America, downgrades their rating on the shares of Analog Devices (NASDAQ:ADI). Bank of America has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 27, 2016. The company shares have dropped -10.62% from its 1 Year high price. On Oct 14, 2015, the shares registered one year high at $64.16 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $56.85 and the 200 Day Moving Average price is recorded at $55.45.
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.