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According publications early today on Tipigo, Pacific Crest, Stifel Nicolaus and B.Raily Reiterates target price of 72 to 75$ for Analog Devices, Inc.
ADI is up 6.77% in the pre-market
I want to thank all the Bulls and Shorts for making this a very good week, it's only Tuesday and ADI has treated me like some beautiful cheerleader on Prom-night, Bless you my San Francisco 49er Cheerleader!
Sentiment: Strong Buy
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There is a lot of complementary design work between Xilinx FPGAs and ADI converters. It would seem to make sense to control a larger part of the system.
I was able to grab a few shares at $58.68. I'm generally skeptically about analysts, but sometimes they can be a little predictable and sometime their intention can be inferred.
ADI got downgraded, AAPL iPhone sales were lower than expected and forward guidance is lower as well, and ADI has been hit in the options with a lot of put buying. I will be scaling into ADI over the next 3 months but will wait for another analyst to downgrade. The stock moved up so much that analysts are playing it safe.
All wireless stocks dumping off AAPL "miss". I think some of ADI's run was due to speculation on the force touch products for AAPL. So might be tarred with that.
Also LLTC missed and lowered outlook.
Finally, the stock is pretty expensive. ADI is a great company (I bought in 1996). Sold half, blind luck on timing in 1999 for a little under 10x....it's never gotten back. But, neither have techs. Balance is house money, been holding all these years. Dividend is nice.
So far, ADI has been an acquirer. Maybe a target for TXN? Who knows, but there is consolidation galore in the sector.
Congrats on retirement, have lurked over the years, you used to be just plain one feral kat.
These guys don’t play. They gave me three winners in a row. Ultimate Stock Alerts (search Google for them)
ADI should be avoided, it cost me money. Now I am using picks from Ultimate Stock Alerts (do a Google search for them)
The force-touch technology from the Apple Watch will almost certainly be adopted with the next gen iPad and iPhone. ADI may eventually get dumped by Apple, but it won't be any time soon.