Analog Devices Coverage Initiated by Analysts at Stifel (ADI)
Research analysts at Stifel started coverage on shares of Analog Devices (NYSE:ADI) in a report released on Friday. The firm set a “buy” rating and a $66.00 price target on the stock. Stifel’s price objective would suggest a potential upside of 23.25% from the company’s current price.
Shares of Analog Devices (NYSE:ADI) traded up 0.26% on Friday, hitting $53.69. The stock had a trading volume of 305,927 shares. Analog Devices has a one year low of $44.62 and a one year high of $56.18. The stock has a 50-day moving average of $53.17 and a 200-day moving average of $51.41. The company has a market cap of $16.866 billion and a P/E ratio of 23.72.
Analog Devices (NYSE:ADI) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $694.54 million for the quarter, compared to the consensus estimate of $670.93 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts expect that Analog Devices will post $2.36 EPS for the current fiscal year.
In other Analog Devices news, Director F Grant Saviers unloaded 17,951 shares of Analog Devices stock on the open market in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $54.55, for a total value of $979,227.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
ADI has been the subject of a number of other recent research reports. Analysts at Sterne Agee initiated coverage on shares of Analog Devices in a research note on Friday. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Analog Devices in a research note on Tuesday, June 10th. They now have a $64.00 price target on the stock, up previously from $60.00. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Analog Devices in a research note on Tuesday, June 10th. They now have a $60.00 price target on the stock, up previously from $55.00. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $57.60.
Analog Devices, Inc (NYSE:ADI) is engaged in the design, manufacture and marketing of a range of analog, mixed-signal and digital signal processing integrated circuits (ICs).
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