Analog Devices (ADI) Receives a Rating Update from a Top Analyst

In a report released today, Harsh Kumar from Piper Sandler maintained a Hold rating on Analog Devices (ADI – Research Report), with a price target of $220.00. The company’s shares closed yesterday at $219.05.

Kumar covers the Technology sector, focusing on stocks such as Semtech, Advanced Micro Devices, and Nvidia. According to TipRanks, Kumar has an average return of 30.4% and a 69.73% success rate on recommended stocks.

In addition to Piper Sandler, Analog Devices also received a Hold from Barclays’s Thomas O’Malley in a report issued today. However, yesterday, Robert W. Baird maintained a Buy rating on Analog Devices (NASDAQ: ADI).

The company has a one-year high of $244.14 and a one-year low of $179.63. Currently, Analog Devices has an average volume of 2.87M.

Based on the recent corporate insider activity of 66 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 August 2024, Edward Frank, a Director at ADI sold 995.00 shares for a total of $233,128.50.

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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.