In a report issued on August 26, William Stein from SunTrust Robinson reiterated a Buy rating on Analog Devices (NASDAQ: ADI), with a price target of $118. The company’s shares closed yesterday at $100.17, close to its 52-week high of $103.59.
According to TipRanks.com, Stein is a 4-star analyst with an average return of 10.5% and a 64.9% success rate. Stein covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Maxim Integrated, and Monolithic Power.
Currently, the analyst consensus on Analog Devices is a Strong Buy with an average price target of $111.67, an 11.5% upside from current levels. In a report issued on August 20, BMO Capital also maintained a Buy rating on the stock with a $107 price target.
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Based on Analog Devices’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $413 million. In comparison, last year the company had a net profit of $67.94 million.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Joseph Hassett, the SVP, Global Operations & Tech of ADI sold 12,000 shares for a total of $1,204,800.
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.
