In a report released yesterday, John Pitzer from Credit Suisse maintained a Buy rating on Analog Devices (ADI), with a price target of $110. The company’s shares closed yesterday at $85.52.
According to TipRanks.com, Pitzer is a top 100 analyst with an average return of 18.6% and a 66.8% success rate. Pitzer covers the Consumer Goods sector, focusing on stocks such as Rudolph Technologies, Applied Materials, and Lam Research.
Currently, the analyst consensus on Analog Devices is a Moderate Buy with an average price target of $108, representing a 26.3% upside. In a report issued on November 16, Oppenheimer also assigned a Buy rating to the stock with a $110 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 $346 million.
Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, 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.
