MKM Partners Reiterates a 'Neutral' on Analog Devices (ADI); Macro Concerns Vs. Improvements Operationally
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Price: $45.37 -0.4%
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
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MKM Partners reiterates a 'Neutral' on Analog Devices (NASDAQ: ADI) price target of $37.00.
Analyst, Daniel Berenbaum, said, "We reiterate our rating and fair value estimate on Analog Devices following results and guidance that were largely unsurprising given the commentary of essentially every other broadly-exposed semi name this earnings session – FQ3 (July) revenue was a touch light (though EPS was in-line) and FQ4 (October) guidance was a fairly sizable miss."
"Our FY12 revenue/pro forma EPS estimates go to $2.71bn/$2.14 from $2.72bn/$2.15 (consensus $2.73bn/$2.15); FY13E go to $2.9bn/$2.35 from $2.9bn/$2.39 (consensus $3.0bn/$2.61)."
For an analyst ratings summary and ratings history on Analog Devices click here. For more ratings news on Analog Devices click here.
Shares of Analog Devices closed at $40.34 yesterday, with a 52 week range of $30.65-$40.91.
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Analyst, Daniel Berenbaum, said, "We reiterate our rating and fair value estimate on Analog Devices following results and guidance that were largely unsurprising given the commentary of essentially every other broadly-exposed semi name this earnings session – FQ3 (July) revenue was a touch light (though EPS was in-line) and FQ4 (October) guidance was a fairly sizable miss."
"Our FY12 revenue/pro forma EPS estimates go to $2.71bn/$2.14 from $2.72bn/$2.15 (consensus $2.73bn/$2.15); FY13E go to $2.9bn/$2.35 from $2.9bn/$2.39 (consensus $3.0bn/$2.61)."
For an analyst ratings summary and ratings history on Analog Devices click here. For more ratings news on Analog Devices click here.
Shares of Analog Devices closed at $40.34 yesterday, with a 52 week range of $30.65-$40.91.
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