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

Zacks Investment Research has downgraded Analog Devices, Inc. (NASDAQ:ADI) to Hold in a report released on 10/6/2016.

On 10/05/2016, Zacks Investment Research released a statement on Analog Devices, Inc. (NASDAQ:ADI) bumped up the target price from $0.00 to $72.00 that suggested an upside of 0.11%.

Yesterday Analog Devices, Inc. (NASDAQ:ADI) traded -0.26% lower at $65.00. The company’s 50-day moving average is $62.90 and its 200-day moving average is $59.70. The last closing price is up 8.06% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was down over the average, with 426,388 shares of ADI changing hands under the typical 2,395,890

Recent Performance Chart

Analog Devices, Inc. (NASDAQ:ADI)

Analog Devices, Inc. has PE ratio of 30.47 with a one year low of $47.24 and a one year high of $66.91 and has a market capitalization of $0.

A total of 26 equity analysts have released a report on Analog Devices, Inc.. Seven analysts rating the company a strong buy, 10 brokers rating the stock a buy, 12 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $60.10.

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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