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Analog Devices ADI (NYSE:ADI) Stock Rating Kept by RBC Capital Markets; The $95.00 Target Indicates 13.11 % Potential

RBC Analyst Rating Change Analog Devices ADI NYSE:ADI

Analog Devices ADI (NYSE:ADI) Rating Reiterated

RBC Capital Markets currently has a $95.00 PT on the $30.71 billion market cap company or 13.11 % upside potential. In a research report issued to clients on Thursday morning, Analog Devices Adi (NYSE:ADI) stock had its Outperform Rating kept by expert analysts at RBC Capital Markets.

According to data compiled by Thomson Reuters, Analog Devices ADI (NYSE:ADI)’s stock is covered by 26 equity analysts across the Street, with 1 analysts giving it a Sell rating, 17 a Buy rating, while 12 consider it a Hold. The 12-month consensus target price for the stock is $60.1, which reflects an downside potential of 28.17% over the current price.

Institutional Ownership

Cantillon Capital Management Llc had the biggest stake with ownership of 6.99M shares as of q2 2015 for 6.37% of the stock exposure. Central Securities Corp is another quite bullish fund who is possessing 450,000 shares of Analog Devices ADI or 6.3% of their stock exposure. Moreover, Southport Management L.L.C. have 5.65% of their stock exposure invested in the company for 45,000 shares. The California-based fund Sensato Investors Llc disclosed it had acquired so far a stake worth about 4.21% of the fund’s stock portfolio in Analog Devices ADI. The New York-based fund Tirschwell & Loewy Inc is also positive about the stock, possessing 307,700 shares or 3.57% of their stock exposure.

Analog Devices ADI (NYSE:ADI) Profile

Analog Devices IncAnalog Devices, Inc. (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. The Company is a supplier of data converter products.

Analog Devices ADI (NYSE:ADI) traded down -0.06% on 31 August, hitting $83.67. A total of 5.13 million shares of the company’s stock traded hands. This is up from average of 2.17 million shares. Analog Devices ADI has a 52 week low of $59.01 and a 52 week high of $90.49. The company has a market cap of $30.71 billion and a P/E ratio of 41.77.

Get the latest Analog Devices ADI (NYSE:ADI) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analog Devices ADI (NYSE:ADI) Stock Rating Kept by RBC Capital Markets; The $95.00 Target Indicates 13.11 % Potential appeared first on Octafinance.



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Analog Devices ADI (NYSE:ADI) Stock Rating Kept by RBC Capital Markets; The $95.00 Target Indicates 13.11 % Potential

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