Morgan Stanley Initiates Coverage on Analog Devices (ADI)
Equities research analysts at Morgan Stanley (NYSE: MS) started coverage on shares of Analog Devices (NYSE: ADI) in a research note issued to investors on Thursday. The firm set an “overweight” rating on the stock.
ADI has been the subject of a number of other recent research reports. Analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of Analog Devices in a research note to investors on Wednesday, May 23rd. Separately, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Analog Devices in a research note to investors on Wednesday, May 23rd. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Analog Devices in a research note to investors on Wednesday, May 23rd.
Shares of Analog Devices opened at 36.37 on Thursday. Analog Devices has a 52 week low of $29.23 and a 52 week high of $40.83. The company has a market cap of $10.851 billion and a P/E ratio of 15.81.
Analog Devices last announced its earnings results on Tuesday, May 22nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.02. On average, analysts predict that Analog Devices will post $0.61 earnings per share next quarter.
Analog Devices, Inc. (Analog Devices) designs, manufactures and markets analog, mixed-signal and digital signal processing integrated circuits (ICs) used in all types of electronic equipment.