In a report released yesterday, Blayne Curtis from Barclays maintained a Buy rating on Analog Devices (ADI), with a price target of $125.00. The company’s shares closed last Wednesday at $114.57.
According to TipRanks.com, Curtis is a 5-star analyst with an average return of 13.8% and a 62.6% success rate. Curtis covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Smart Global Holdings, and Silicon Laboratories.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Analog Devices with a $119.17 average price target, implying a 6.7% upside from current levels. In a report issued on May 14, Oppenheimer also assigned a Buy rating to the stock with a $140.00 price target.
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Analog Devices’ market cap is currently $42.19B and has a P/E ratio of 32.70. The company has a Price to Book ratio of -8.44.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADI in relation to earlier this year.
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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.