Morgan Stanley Sticks to Its Hold Rating for Analog Devices (ADI)

Morgan Stanley analyst Craig Hettenbach maintained a Hold rating on Analog Devices (ADI) today and set a price target of $97.00. The company’s shares closed last Monday at $95.44.

According to, Hettenbach is a 5-star analyst with an average return of 14.3% and a 58.0% success rate. Hettenbach covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxim Integrated, and TE Connectivity.

Currently, the analyst consensus on Analog Devices is a Strong Buy with an average price target of $131.35.

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The company has a one-year high of $127.30 and a one-year low of $82.32. Currently, Analog Devices has an average volume of 2.71M.

Based on the recent corporate insider activity of 81 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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