Analog Devices (ADI) Receives ‘Analyst’ Rating

Analog Devices (ADI) : 18 analysts are covering Analog Devices (ADI) and their average rating on the stock is 1.58, which is read as a Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Analog Devices (ADI) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 1, which recommends a Strong Buy affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Analog Devices (ADI) : Average target price received by Analog Devices (ADI) is $75.75 with an expected standard deviation of $7.48. The most aggressive target on the stock is $90, whereas the most downbeat target is $64. 16 financial analysts are currently covering the stock.


Also, Brokerage firm Citigroup maintains its rating on Analog Devices (NASDAQ:ADI). As per the latest information, the brokerage house lowers the price target to $66 per share from a prior target of $68. The shares have been rated Neutral. The rating by the firm was issued on August 18, 2016.

Analog Devices (NASDAQ:ADI): After opening at $60.88, the stock dipped to an intraday low of $60.87 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.72 and the buying power remained strong till the end. The stock closed at $62.65 for the day, a gain of 2.84% for the day session. The total traded volume was 3,235,543. The stocks close on the previous trading day was $60.92.

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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