In a report released today, Rick Schafer from Oppenheimer maintained a Buy rating on Analog Devices (ADI), with a price target of $140.00. The company’s shares closed last Wednesday at $118.11.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 18.8% and a 77.6% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
Currently, the analyst consensus on Analog Devices is a Moderate Buy with an average price target of $131.59, which is an 11.0% upside from current levels. In a report issued on August 13, Daiwa also maintained a Buy rating on the stock.
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Analog Devices’ market cap is currently $43.49B and has a P/E ratio of 39.30. The company has a Price to Book ratio of -9.44.
Based on the recent corporate insider activity of 85 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 May 2020, Edward Frank, a Director at ADI sold 8,460 shares for a total of $959,533.
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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