Analog Devices (ADI) Receives a Hold from Barclays


In a report issued on May 22, Blayne Curtis from Barclays maintained a Hold rating on Analog Devices (ADI), with a price target of $105. The company’s shares closed yesterday at $98.73.

According to TipRanks.com, Curtis is a 4-star analyst with an average return of 7.2% and a 54.0% success rate. Curtis covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Smart Global Holdings Inc, and Quantenna Communications.

Currently, the analyst consensus on Analog Devices is a Moderate Buy with an average price target of $116, which is a 17.5% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Hold rating on the stock with a $97 price target.

See today’s analyst top recommended stocks >>

Analog Devices’ market cap is currently $36.36B and has a P/E ratio of 23.45. The company has a Price to Book ratio of 3.14.

Based on the recent corporate insider activity of 95 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts