Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Analog Devices in a research note to investors on Wednesday. Separately, analysts at UBS AG (NYSE: UBS) reiterated a “neutral” rating on shares of Analog Devices in a research note to investors on Wednesday. Finally, 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.
Analog Devices opened at 35.68 on Wednesday. Analog Devices has a 1-year low of $29.23 and a 1-year high of $41.22. The company has a market cap of $10.627 billion and a price-to-earnings ratio of 13.99.
Analog Devices last released its earnings data 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. Analysts expect that Analog Devices will post $0.63 EPS 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.