Barclays Releases a Hold Rating on Analog Devices

By Ryan Adsit

In a report released today, Blayne Curtis from Barclays reiterated a Hold rating on Analog Devices (NASDAQ: ADI), with a price target of $90. The company’s shares opened today at $82.15, close to its 52-week high of $84.24.

According to, Curtis is a 5-star analyst with an average return of 12.5% and a 66.4% success rate. Curtis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Integrated Device Tech, and Silicon Laboratories.

Analog Devices has an analyst consensus of Strong Buy, with a price target consensus of $89.18.

The company has a one year high of $84.24 and a one year low of $50.07. Currently, Analog Devices has an average volume of 2.56M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Last month, Lisa Su, a Director at ADI sold 18,160 shares for a total of $1,489,120.

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Analog Devices, Inc. engages in the design, manufacture, and market of analog, mixed-signal, and digital signal processing integrated circuits used in virtually all types of electronic equipment. It offers data converters; amplifiers and linear products; radio frequency integrated circuits; power management products; sensors based on microelectro mechanical systems technology; and other sensors and processing products, including digital signal processing and other processors. The company was founded by Raymond P. Stata and Matthew Lorber in 1965 and is headquartered in Norwood, MA.