In a report released yesterday, Tore Svanberg from Stifel Nicolaus reiterated a Buy rating on Analog Devices (ADI), with a price target of $118. The company’s shares closed yesterday at $106.82, close to its 52-week high of $108.28.
According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 15.9% and a 71.4% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as Quantenna Communications, Silicon Laboratories, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Analog Devices with a $110.25 average price target, representing a 3.2% upside. In a report issued on February 11, Merrill Lynch also upgraded the stock to Buy with a $125 price target.
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Analog Devices’ market cap is currently $39.54B and has a P/E ratio of 26.91. The company has a Price to Book ratio of 3.60.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock.
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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.
