Nomura Securities Maintains a 'Neutral' on Analog Devices (ADI); Slightly Boosts Estimates
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Price: $46.56 -0.66%
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
7 Buy, 16 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade ADI Now!
Nomura Securities maintains a 'Neutral' on Analog Devices (NASDAQ: ADI) price target of $35.00.
Analyst, Romit Shah, siad, "FQ2 (Apr) results of $675mn/$0.53 were better than our expectations of $664mn/$0.51 (consensus $666mn/$0.51). However, guidance of up 1-4% QoQ was light relative to consensus, as the company remains conservative on the global macro environment. Our CY12 EPS estimate increases from $2.23 to $2.25, and our CY13 estimate is unchanged at $2.55.
"
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 $35.80 yesterday, with a 52 week range of $29.23-$41.44.
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Analyst, Romit Shah, siad, "FQ2 (Apr) results of $675mn/$0.53 were better than our expectations of $664mn/$0.51 (consensus $666mn/$0.51). However, guidance of up 1-4% QoQ was light relative to consensus, as the company remains conservative on the global macro environment. Our CY12 EPS estimate increases from $2.23 to $2.25, and our CY13 estimate is unchanged at $2.55.
"
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 $35.80 yesterday, with a 52 week range of $29.23-$41.44.
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