Short Term Price Target on Analog Devices (ADI)

Analog Devices (NASDAQ: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, Inc. has lost 2.53% in the last five trading days and dropped 3.43% in the last 4 weeks. Analog Devices, Inc. has dropped 3.27% during the last 3-month period . Year-to-Date the stock performance stands at 3.98%. Also, Goldman Sachs initiates coverage on Analog Devices (NASDAQ:ADI). Goldman Sachs has a Sell rating on the shares. As per the latest report, the brokerage house announces the price target to $50 per share. The rating by the firm was issued on June 2, 2016.

Analog Devices (NASDAQ:ADI) has an average broker rating of 1.9, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Analog Devices (NASDAQ:ADI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.75 and $55.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.64, notching a gain of 1.83% for the day. The total traded volume was 2,573,300 . The stock had closed at $55.62 on the previous day.

In an insider trading activity,The director of Analog Devices Inc, Sicchitano Kenton J sold 15,000 shares at $58.28 on April 7, 2016. The Insider selling transaction had a total value worth of $874,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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