Short Term Rating on Analog Devices (ADI)

Analog Devices (ADI) : The consensus on Analog Devices (ADI) based on 21 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 11 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Analog Devices (ADI) : 17 investment research analysts covering Analog Devices (ADI) have an average price target of $60.24 for the near short term. The highest target price given by the Brokerage Firm to the stock is $66 and the lowest target is $51 for the short term. Analysts expect the variance to be within $4.54 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


Analog Devices (NASDAQ:ADI): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.68 and $58.26 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.99, notching a gain of 1.27% for the day. The total traded volume was 1,311,340 . The stock had closed at $58.25 on the previous day.

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.

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