SunTrust Robinson Believes Analog Devices (NASDAQ: ADI) Won’t Stop Here

By Austin Angelo

In a report released yesterday, William Stein from SunTrust Robinson reiterated a Buy rating on Analog Devices (NASDAQ: ADI), with a price target of $106. The company’s shares opened today at $88.48, close to its 52-week high of $90.49.

According to, Stein is a 4-star analyst with an average return of 10.6% and a 68.4% success rate. Stein covers the Consumer Goods sector, focusing on stocks such as NXP Semiconductors, Texas Instruments, and Maxim Integrated.

Currently, the analyst consensus on Analog Devices is Strong Buy and the average price target is $97.77, representing a 10.5% upside.

In a report issued on October 2, RBC Capital also reiterated a Buy rating on the stock with a $95 price target.

Analog Devices’ market cap is currently $32.56B and has a P/E ratio of 42.38. The company has a book value ratio of 3.2817.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Kenton Sicchitano, a Director at ADI sold 15,000 shares for a total of $1,322,250.

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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.