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Analog Devices, Inc. (NASDAQ:ADI) has been downgraded to Hold in a report by Zacks Investment Research today.

Having a price of $62.74, Analog Devices, Inc. (NASDAQ:ADI) traded 1.08% higher on the day. With the last stock price up 6.06% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Analog Devices, Inc. has recorded a 50-day average of $62.91 and a two hundred day average of $59.35. Trade Volume was down over the average, with 580,240 shares of ADI changing hands under the typical 2,435,730

Zacks Investment Research has downgraded Analog Devices, Inc. (NASDAQ:ADI) to Hold in a report released on 9/27/2016.

Previously on 9/08/2016, Stifel Nicolaus released a statement about Analog Devices, Inc. (NASDAQ:ADI) raised the target price from $78.00 to $80.00 that suggested an upside of 0.30%.

See Chart Below

Analog Devices, Inc. (NASDAQ:ADI)

With a total market value of $0, Analog Devices, Inc. has price-earnings ratio of 29.74 with a one year low of $47.24 and a one year high of $66.91 .

A total of 26 equity analysts have released a ratings update on Analog Devices, Inc.. Seven analysts rating the company a strong buy, ten analysts rating the company a buy, twelve analysts rating the company a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $60.10.

General Information About Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company's operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. The Company's signal processing products help in converting, conditioning and processing real-world phenomena, such as temperature, pressure, sound, light, speed and motion into electrical signals. It offers 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. Its products are embedded inside various types of electronic equipment, including industrial process control systems, medical imaging equipment, optical systems, automobiles and portable electronic devices.

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