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 $115.00. The company’s shares closed last Monday at $99.72, close to its 52-week low of $95.51.

According to, Hettenbach is a 5-star analyst with an average return of 16.5% and a 59.7% success rate. Hettenbach covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxim Integrated, and TE Connectivity.

Analog Devices has an analyst consensus of Strong Buy, with a price target consensus of $134.24.

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Based on Analog Devices’ latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $204 million. In comparison, last year the company had a net profit of $354 million.

Based on the recent corporate insider activity of 78 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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