NEW YORK, February 22 (FinanceEnquiry.com) - Analysts at Deutsche Bank Securities reiterate their Hold rating on the shares of Analog Technologies (NYSE: ADI). The 12-month target price is set to $36.
 
In a research note published yesterday, the analysts mention that ADI’s F1Q(Jan) results are due on February 22. ADI directed F1Q sales in the range of between $645 million and $680 million, with mid-point of -7.5% q/q beneath the historical F1Q average of -2% q/q. The analysts see reduction in Industrial (-10% q/q), Communications (-8% q/q) and Consumer (-10% q/q) and assume Automotive to stay flat q/q.
 
ADI estimates GM of 63%, which meets the estimate of 63%. Deutsche Bank is expecting F1Q revenue/ EPS estimates of $658.5 million/ $0.47, somewhat short of the Street of $662.0 million/ $0.48. The analysts anticipate ADI to post revenue in line with the expectations and within the guided range, alike its analog peers.