Analog Devices

Analog Devices makes digital signal processing integrated circuits (ICs) used in a wide array of commercial applications. Shares have gained 12.21% year-to-date.

Like Texas Instruments, J.P. Morgan believes Analog Devices allows for more earnings upside due to higher leverage and higher exposure to a turnaround in the semiconductor story. J.P. Morgan rates Analog Devices shares "overweight" with a $42 price target.

Analysts polled by Thomson Reuters expect Analog Devices to generate $648.06 million in revenue and earn 46 cents a share in the first quarter. In a March 6 research report, Danley wrote, "We continue to believe the reasons we are positive on ADI remain intact - the company should experience a secular increase in margins, continue to pay a high dividend yield, and is one of the cheapest high-quality semiconductor stocks."

TheStreet Ratings rates Analog Devices "buy" with an A grade and a price target of $45.99.

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