Robert W. Baird Believes Analog Devices (ADI) Still Has Room to Grow


In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on Analog Devices (ADI), with a price target of $100. The company’s shares opened today at $105.10, close to its 52-week high of $108.28.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 17.8% and a 63.6% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Skyworks Solutions.

Analog Devices has an analyst consensus of Moderate Buy, with a price target consensus of $104, a -1.0% 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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Based on Analog Devices’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $431 million. In comparison, last year the company had a net profit of $267 million.

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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