As per the latest information, BMO Capital Raises the price target to $66.00 per share from a prior target of $63.00.
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Analog Devices and Maxim Integrated Products are in talks about a possible combination that would give them more scale in a consolidating industry, people with knowledge of the matter said. (PM) of the Consumer Goods sector is up 0.38% (change from open 0.08%) this morning trading at a volume of 345,677 shares and price of $84.73. Around 3% of the company’s shares, which are float, are short sold.
A representative for Maxim declined to comment, while a spokeswoman for Analog Devices didn’t respond to messages seeking comment. The company has a 50-day moving average of $55.87 and a 200-day moving average of $61.20. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.03.
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ADI has been the subject of a number of other research reports. Of those thirty, sixteen have a Buy rating, thirteen have a Hold rating and one has a Sell rating. The company now has an average rating of “Buy” and an average price target of $65.08. Equities analysts anticipate that Analog Devices will post $2.96 earnings per share for the current fiscal year. The higher price estimate target is at $75 according to the Analysts. Finally, Zacks upgraded the stock to “Buy” rating in a September 4 report. On the date of report, the stock closed at $56.41. The Firm is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Company’s produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are created to meet the needs of a broad base of customers.
