After Oppenheimer and BMO Capital gave Analog Devices (NASDAQ: ADI) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Tore Svanberg maintained a Buy rating on Analog Devices today and set a price target of $110. The company’s shares closed yesterday at $97.92.
According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 18.1% and a 76.3% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Silicon Laboratories, and Maxim Integrated.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $110.85 average price target, a 13.2% upside from current levels. In a report issued on August 17, Oppenheimer also assigned a Buy rating to the stock with a $110 price target.
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Analog Devices’ market cap is currently $36.32B and has a P/E ratio of 34.60. The company has a Price to Book ratio of 3.43.
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. Last month, Kenton Sicchitano, a Director at ADI sold 7,210 shares for a total of $685,383.
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, manufacture, and market of analog, mixed-signal, and digital signal processing integrated circuits used in virtually all types of electronic equipment. Its products include data converters; amplifiers and linear products; radio frequency integrated circuits; power management products; sensors based on microelectro mechanical systems technology; and other sensors and processing products, including digital signal processing and other processors. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Norwood, MA.
