Citigroup Maintains Analog Devices to Neutral with Price Target $66.00

Brokerage firm Citigroup Maintains its rating on Analog Devices(NASDAQ:ADI). In a research note issued to the investors, the brokerage major Lowers the price-target to $66.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 18, 2016.

In a different note, On Aug 1, 2016, BMO Capital said it Maintains its rating on Analog Devices. In the research note, the firm Raises the price-target to $65.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 27, 2016, Oppenheimer said it Upgrades its rating on Analog Devices. The shares have been rated ‘Outperform’ by the firm. On Jul 27, 2016, Evercore ISI Group said it Upgrades its rating on Analog Devices. The shares have been rated ‘Buy’ by the firm. On Jul 27, 2016, Goldman Sachs said it Upgrades its rating on Analog Devices. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, Barclays said it Maintains its rating on Analog Devices. In the research note, the firm Raises the price-target to $55.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on Analog Devices. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Neutral’ by the firm.

Analog Devices (ADI) shares turned negative on Mondays trading session with the shares closing down -0.07 points or -0.11% at a volume of 15,12,936. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $63.45. The peak price level was also seen at $63.45 while the days lowest was $62.81. Finally the shares closed at $62.89. The 52-week high of the shares is $66.91 while the 52-week low is $47.24. According to the latest information available, the market cap of the company is $19,337 M.

Analog Devices(ADI) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $869.59M. Analysts had an estimated revenue of $847.43M. Earnings per share were $0.82. Analysts had estimated an EPS of $0.75.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Rick D Hess (SVP, Comm & Automotive Group) sold 6,000 shares at $60.03 per share price.Also, On Apr 8, 2016, Kenton J Sicchitano (director) sold 15,000 shares at $58.28 per share price.On Apr 5, 2016, Margaret K Seif (SVP, CLO & Secretary) sold 2,000 shares at $59.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 customer’s products in the industrial automotive consumer and communications markets.

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