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Analog Devices, Inc. (NASDAQ:ADI) price target bumped up to $72.00, issued a research note today by Zacks Investment Research

Showing a price of $65.00, Analog Devices, Inc. (NASDAQ:ADI) traded 1.39% higher on the day. With the last close up 9.16% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day average of $62.91 and a two hundred day average of $59.66. Trade Volume was down over the average, with 831,360 shares of ADI changing hands under the typical 2,390,080

Analog Devices, Inc. (NASDAQ:ADI) had its stock price target increased to $72.00 by Zacks Investment Research in an issued report issued 10/5/2016. The new stock price target implies a possible upside of 0.11% from the company's previous stock price.

Recent Performance Chart

Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. has a price-earnings ratio of 30.77 with a one year low of $47.24 and a one year high of $66.91 The company’s market cap is currently $0.

Also covering Analog Devices, Inc.'s price target, a total of 26 analysts have released a report on Analog Devices, Inc.. The average stock price target is $60.10 with seven equity analysts rating the stock a strong buy, 10 analysts rating the company a buy, twelve equity analysts rating the company a hold, one brokerage rating the company a underperform, and lastly 0 brokers rating the stock a sell.

Brief Synopsis On 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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