2. As of noon trading, Analog Devices ( ADI) is down $2.80 (-5.6%) to $47.12 on heavy volume. Thus far, 4.1 million shares of Analog Devices exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $46.12-$47.84 after having opened the day at $47.20 as compared to the previous trading day's close of $49.92.

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. Analog Devices has a market cap of $15.4 billion and is part of the electronics industry. The company has a P/E ratio of 23.6, above the S&P 500 P/E ratio of 17.7. Shares are up 18.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 8 rate it a hold.

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

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