Barclays Earnings Review on Analog Devices (ADI); Slow and Sure Wins The Race
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Price: $183.36 -2.25%
Rating Summary:
23 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
23 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Barclays maintains an 'Equalweight' on Analog Devices (NASDAQ: ADI) price target of $40.00.
Analyst, C.J. Muse, said, "The key takeaway from ADI's print is that the semi recovery continues, but at a slightly lower-than-expected rate off the bottom. Our estimates move marginally lower, though we see earnings power of $2.35/$2.75 in CY12/13 with CY13 uplift led by a return to normal top-line growth of +7%. We continue to view ADI as one of the highest-quality analog names supported by ~3.4% dividend yield, ~$10 in net cash/share."
Muse maintains an equalweight rating, but would use a dip to the low $30's as an (attractive) entry point. FY12 EPS Estimate cut from $2.28 to $2.20 and FY13 from $2.79 to $2.71.
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.
Analyst, C.J. Muse, said, "The key takeaway from ADI's print is that the semi recovery continues, but at a slightly lower-than-expected rate off the bottom. Our estimates move marginally lower, though we see earnings power of $2.35/$2.75 in CY12/13 with CY13 uplift led by a return to normal top-line growth of +7%. We continue to view ADI as one of the highest-quality analog names supported by ~3.4% dividend yield, ~$10 in net cash/share."
Muse maintains an equalweight rating, but would use a dip to the low $30's as an (attractive) entry point. FY12 EPS Estimate cut from $2.28 to $2.20 and FY13 from $2.79 to $2.71.
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.
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