Stifel Nicolaus Believes Analog Devices (ADI) Won’t Stop Here


Stifel Nicolaus analyst Tore Svanberg reiterated a Buy rating on Analog Devices (ADI) on February 15 and set a price target of $115. The company’s shares closed on Friday at $105.74, close to its 52-week high of $105.83.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 16.0% and a 71.3% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as Quantenna Communications, Silicon Laboratories, and Texas Instruments.

Analog Devices has an analyst consensus of Moderate Buy, with a price target consensus of $103.08, representing a -2.5% downside. In a report issued on February 1, Piper Jaffray also reiterated a Buy rating on the stock with a $112 price target.

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The company has a one-year high of $105.83 and a one-year low of $76.62. Currently, Analog Devices has an average volume of 3.01M.

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.