Nomura Gives Neutral Rating to Analog Devices (ADI)
Shares of Analog Devices opened at 35.68 on Wednesday. Analog Devices has a 52 week low of $29.23 and a 52 week high of $41.22. The company has a market cap of $10.645 billion and a P/E ratio of 15.51.
Analog Devices last announced its earnings results on Tuesday, May 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. On average, analysts predict that Analog Devices will post $0.61 earnings per share next quarter.
A number of other analysts have also recently weighed in on ADI. Analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Analog Devices in a research note to investors on Wednesday. Separately, analysts at Canaccord Genuity cut their price target on shares of Analog Devices from $48.00 to $42.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group (NYSE: JEF) cut their price target on shares of Analog Devices to $41.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock.
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.