BMO Capital Keeps a Buy Rating on Analog Devices

By Ryan Adsit

In a report issued on August 27, Ambrish Srivastava from BMO Capital reiterated a Buy rating on Analog Devices (NASDAQ: ADI), with a price target of $96. The company’s shares closed yesterday at $79.44.

According to, Srivastava is a 5-star analyst with an average return of 13.7% and a 72.6% success rate. Srivastava covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Samsung Electronics, and NXP Semiconductors.

Currently, the analyst consensus on Analog Devices is Strong Buy and the average price target is $97.09, representing a 22.2% upside.

In a report issued on August 22, Stifel Nicolaus also reiterated a Buy rating on the stock with a $97 price target.

The company has a one year high of $90.49 and a one year low of $59.01. Currently, Analog Devices has an average volume of 3.3M.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is neutral on the stock.

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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. Its products include 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.