Analog Devices Reaches New 52-Week High (ADI)

NEW YORK ( TheStreet) -- Analog Devices (Nasdaq: ADI) hit a new 52-week high Thursday as it is currently trading at $47.44, above its previous 52-week high of $47.27 with 406,881 shares traded as of 10:06 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Analog Devices has a market cap of $14.26 billion and is part of the technology sector and electronics industry. Shares are up 10% year to date as of the close of trading on Wednesday.

Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide.

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TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Analog Devices Ratings Report.

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