Jefferies Sticks to Its Buy Rating for Analog Devices (ADI)

Jefferies analyst Mark Lipacis maintained a Buy rating on Analog Devices (ADIResearch Report) yesterday and set a price target of $206.00. The company’s shares closed last Wednesday at $173.85, close to its 52-week high of $175.25.

According to, Lipacis is a top 25 analyst with an average return of 33.5% and a 79.9% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Smart Global Holdings, and NXP Semiconductors.

Analog Devices has an analyst consensus of Strong Buy, with a price target consensus of $192.08, representing an 11.7% upside. In a report issued on September 8, Stifel Nicolaus also reiterated a Buy rating on the stock with a $195.00 price target.

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Analog Devices’ market cap is currently $700.7B and has a P/E ratio of 37.30. The company has a Price to Book ratio of -28.09.

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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.