Analog Devices (NASDAQ:ADI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.8 by 20 Brokerage Firm. 11 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 7 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Goldman Sachs initiates coverage on Analog Devices (NASDAQ:ADI) . The global brokerage major announces a current price target of $50 per share. Analysts at the Goldman Sachs have a current rating of Sell on the shares. The rating by the firm was issued on June 2, 2016.
Analog Devices (NASDAQ:ADI) should head towards $60 per share according to 17 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $51 per share. The higher price estimate target is at $66 according to the Analysts.
Analog Devices (NASDAQ:ADI) rose 0.48% or 0.27 points on Tuesday and made its way into the gainers of the day. After trading began at $56.99 the stock was seen hitting $57.16 as a peak level and $56.65 as the lowest level. The stock ended up at $57.06. The daily volume was measured at 1,243,623 shares. The 52-week high of the share price is $68.6 and the 52-week low is $47.24. The company has a market cap of $17,537 million.
Analog Devices, Inc. has dropped 0.02% in the last five trading days, however, the shares have posted positive gains of 1.65% in the last 4 weeks. Analog Devices, Inc. has dropped 1.79% during the last 3-month period . Year-to-Date the stock performance stands at 4.75%.
Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.