How Will Analog Devices React to Today's Headlines?

Today Barrons is reporting: "Wall Street analysts are getting more optimistic about shares of Analog Devices and the chip manufacturer's ability to do well even if the economy falls into a recession. On Tuesday, Analog Devices ( ticker: ADI ) reported strong earnings." For full coverage click here. Shares of the large-cap Technology company have not moved much on the news as of the afternoon trading session, and are currently trading at $169.17.

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Analog Devices has a trailing 12 month P/E ratio of 50.1 and a P/B ratio of 2.4.

Analog Devices has moved -7.7% over the last year compared to -14.8% for the S&P 500 -- a difference of 7.1%. Analog Devices has a 52 week high of $188.2 and a 52 week low of $133.48. At today's price of $169.17 per share, Analog Devices is -11.14% away from its target price of $190.37, and on average, analysts give the stock a rating of buy. 1.4% of the company's shares are linked to short positions, and 88.6% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.