Analog Devices (ADI) has risen sharply, recording gains of 10.31% in the past 4 weeks. However, the stock has corrected -0.22% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Analog Devices (NASDAQ:ADI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.50 and $63.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.69, notching a gain of 0.55% for the day. The total traded volume was 1,843,420 . The stock had closed at $63.34 on the previous day.
The stock has recorded a 20-day Moving Average of 4.05% and the 50-Day Moving Average is 8.69%. Analog Devices, Inc. is up 15.65% in the last 3-month period. Year-to-Date the stock performance stands at 16.92%.
Analog Devices (ADI) : The consensus price target for Analog Devices (ADI) is $74.67 for the short term with a standard deviation of $7.51. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $90, however, the pessimist price target for the company is $64.
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.