Analog Devices (ADI) : 21 analysts are covering Analog Devices (ADI) and their average rating on the stock is 1.69, which is read as a Buy. 12 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 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
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.
For the current week, the company shares have a recommendation consensus of Buy. Analog Devices (NASDAQ:ADI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.99 and $62.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.14, notching a gain of 0.55% for the day. The total traded volume was 1,325,096 . The stock had closed at $63.79 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Hess Rick D, officer (SVP, Comm & Automotive Group) of Analog Devices Inc, had unloaded 6,000 shares at an average price of $60.03 in a transaction dated on July 15, 2016. The total value of the transaction was worth $360,180.
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.
