Analog Devices Inc (ADI): Today's Featured Electronics Winner
(
) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.8%. By the end of trading, Analog Devices rose 32 cents (0.9%) to $36 on average volume. Throughout the day, 3.2 million shares of Analog Devices exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in a price between $35.30-$36.17 after having opened the day at $35.79 as compared to the previous trading day's close of $35.68. Other companies within the Electronics industry that increased today were:
Dynasil Corporation of America
(
), up 16.3%,
(
), up 12.4%,
(
), up 11.4%, and
(
), up 10.7%.
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) used in industrial, automotive, consumer, and communication applications. Analog Devices has a market cap of $10.66 billion and is part of the
sector. The company has a P/E ratio of 15.6, above the average electronics industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.3% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Analog Devices a buy, no analysts rate it a sell, and six rate it a hold.
TheStreet Ratings rates Analog Devices as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Analog Devices Ratings Report.
On the negative front,
(
), down 25.2%,
(
), down 15.1%,
(
), down 8.3%, and
(
), down 7.5%, were all losers within the electronics industry with
(
) being today's electronics industry loser.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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