Cantor Fitzgerald Keeps Their Hold Rating on Analog Devices (ADI)

In a report released yesterday, C J Muse from Cantor Fitzgerald maintained a Hold rating on Analog Devices (ADI – Research Report), with a price target of $230.00. The company’s shares opened today at $219.32.

According to TipRanks, J Muse is a 5-star analyst with an average return of 27.2% and a 65.19% success rate. J Muse covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Nvidia, and Qualcomm.

Currently, the analyst consensus on Analog Devices is a Moderate Buy with an average price target of $252.79, implying a 15.26% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $250.00 price target.

Based on Analog Devices’ latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of $2.31 billion and a net profit of $392.23 million. In comparison, last year the company earned a revenue of $2.72 billion and had a net profit of $498.43 million

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.

TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.

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.