Analog Devices (ADI) Gets a Buy Rating from BMO Capital


BMO Capital analyst Ambrish Srivastava maintained a Buy rating on Analog Devices (ADI) today. The company’s shares opened today at $106.82, close to its 52-week high of $108.28.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 11.8% and a 74.4% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Synaptics Inc.

Analog Devices has an analyst consensus of Moderate Buy, with a price target consensus of $105.55, a -1.2% downside from current levels. In a report issued on February 11, Merrill Lynch also upgraded the stock to Buy with a $125 price target.

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Analog Devices’ market cap is currently $38.58B and has a P/E ratio of 26.91. The company has a Price to Book ratio of 3.60.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Analog Devices, Inc. engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Norwood, MA.

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