NEW YORK (TheStreet) -- Analog Devices (ADI) - Get Report stock is up by 4.44% to $2.69 as the company is in advanced talks to acquire Linear Technology (LLTC), Bloomberg TV's Julie Hyman reported on "Bloomberg Markets" Tuesday. 

The deal, which has a market value of about $12 billion, could be announced as soon as today, Hyman said.

No final agreement has been reached and the deal could fall through, she reported.

Linear is set to report earnings after the market close today.

Shares of Linear is soaring by 28.97% to $62.51 this afternoon.

A broad gain throughout the industry can be seen as prices of other semiconductor stocks such as Texas Instruments (TI), Microchip Technology (MCHP), ON Semiconductor (ON), and Maxim Integrated (MXIM) are rising, Hyman explained.

The semiconductors have already performed well this year gaining 17% year to date on the Philedelphia Semiconductor Index (SOX), she added.

There is a significant increase in mergers and acquisitions in the global semiconductor industry based on the Bloomberg Terminal M&A Index, Hyman said.

Separately, TheStreet Ratings team set this stock as a "buy" with a ratings score of B+. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. TheStreet Ratings team feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

You can view the full analysis from the report here: ADI

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