Analog Devices Inc

NASDAQ: ADI
$196.50
+$6.57 (+3.5%)
Closing price April 24, 2024
Analog Devices Inc is a leading global technology company specializing in the design, manufacture, and marketing of integrated circuits (ICs), software, and subsystem solutions. With a focus on translating real-world analog signals into digital data and vice versa, the company offers a wide range of products including data converters, power management tools, amplifiers, and radio frequency ICs. Serving industries like automotive, communications, industrial, and consumer markets, Analog Devices leverages advanced technology to support clients in sectors such as aerospace, defense, healthcare, and communications. Founded in 1965, its headquarters are in Wilmington, Massachusetts.
The good news for aggressive growth investors eyeing the semiconductor industry is the sideways trading since February could be ready to break out to the upside. Buying these four solid stocks could...
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Despite a sluggish growth rate over the past three years, BofA Securities is very positive on semiconductors for 2021. They feel the path is well paved for these five large-cap market leaders.
These five top semiconductor companies all have a long history of success and innovation. Most importantly, their stocks still offer a reasonable upside to the Goldman Sachs 2021 price targets.
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Wednesday's top analyst upgrades and downgrades included Analog Devices, Apple, Best Buy, Dell Technologies, Dollar Tree, Ford, General Electric, General Motors, HP, Medtronic and Zscaler.
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