Analog Devices (NASDAQ:ADI): The mean short term price target for Analog Devices (NASDAQ:ADI) has been established at $60.18 per share. The higher price target estimate is at $66 and the lower price target estimate is expected at $51 according to 17 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.65
Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Analog Devices (NASDAQ:ADI) In a research note issued to the investors, the brokerage major announces price-target of $50 per share.The shares have been rated Sell. The rating by the firm was issued on June 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sicchitano Kenton J, director of Analog Devices Inc, had unloaded 15,000 shares at an average price of $58.28 in a transaction dated on April 7, 2016. The total value of the transaction was worth $874,200.
Analog Devices (NASDAQ:ADI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.16% at $56.87 with 1,103,170 shares getting traded. Post opening the session at $56.86, the shares hit an intraday low of $56.7 and an intraday high of $57.55 and the price was in this range throughout the day. The company has a market cap of $17,479 million and the number of outstanding shares have been calculated to be 307,349,800 shares. The 52-week high of Analog Devices (NASDAQ:ADI) is $68.63 and the 52-week low is $47.24.
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.