Barclays analyst Thomas O’Malley maintained a Hold rating on Analog Devices (ADI – Research Report) yesterday and set a price target of $185.00. The company’s shares closed yesterday at $193.72.
According to TipRanks, O’Malley is a 4-star analyst with an average return of 8.0% and a 53.80% success rate. O’Malley covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and MACOM Technology Solutions Holdings.
Currently, the analyst consensus on Analog Devices is a Moderate Buy with an average price target of $211.67, a 9.27% upside from current levels. In a report released today, Bernstein also maintained a Hold rating on the stock with a $200.00 price target.
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ADI market cap is currently $93.91B and has a P/E ratio of 28.91.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ADI in relation to earlier this year. Most recently, in December 2023, James Champy, a Director at ADI sold 8,460.00 shares for a total of $1,698,006.60.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Analog Devices (ADI) Company Description:
Massachusetts-based Analog Devices, Inc. is a multinational semiconductor company, which designs, develops, manufactures, and markets integrated circuits (ICs) that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, power management and reference products and digital signal processing and system products. The company also serves clients in the industrial, automotive, consumer, and communications markets.
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