Analog Devices (ADI) chips will enable a new feature for Apple’s iPhones and iPads, an analyst says in upgrading his rating and price target on the chipmaker’s stock. “We believe Analog Devices has secured a win with a high accuracy converter to drive 3D touch in upcoming (Apple (AAPL) iPhones and iPads,” Barclays analyst Blayne Curtis said in a research report Monday. He upgraded Analog Devices stock to overweight from equal weight and hiked his
Analog Devices (ADI) received several price target increases Wednesday after reporting fiscal Q1 revenue and earnings that topped analyst expectations. Investment banks Jefferies Group, RBC Capital and Stifel Nicolaus were among those that boosted price targets Wednesday after the company posted its earnings late Tuesday. Pacific Crest Securities analyst Michael McConnell also hiked his price target on Analog Devices stock, to 66 from 57. In a
Chipmaker Analog Devices’ (ADI) revenue view for the current quarter, which reflects softness in industrial and seasonal declines in communications, prompted one analyst on Friday to revise his earnings estimate for the quarter and fiscal year. UBS Global Research analyst Stephen Chin lowered his fiscal Q1 revenue estimate by 5% to $763 million and cut earnings per share minus items by 9% to 61 cents after Analog Devices on Tuesday reported Q1