Analog Devices (ADI) Receives a Buy from Citigroup

Citigroup analyst Christopher Danely maintained a Buy rating on Analog Devices (ADI) today and set a price target of $120.00. The company’s shares closed last Friday at $88.67.

According to, Danely is a 3-star analyst with an average return of 1.4% and a 52.3% success rate. Danely covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Maxim Integrated, and Microchip.

Currently, the analyst consensus on Analog Devices is a Strong Buy with an average price target of $126.32, a 42.5% upside from current levels. In a report issued on March 16, SunTrust Robinson also maintained a Buy rating on the stock with a $124.00 price target.

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Analog Devices’ market cap is currently $32.65B and has a P/E ratio of 27.30. The company has a Price to Book ratio of -7.04.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADI in relation to earlier this year. Most recently, in January 2020, Kenton Sicchitano, a Director at ADI sold 11,860 shares for a total of $1,434,586.

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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.

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