Trade-Ideas: Analog Devices (ADI) Is Today's Post-Market Leader Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Analog Devices ( ADI) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Analog Devices as such a stock due to the following factors:

  • ADI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $118.1 million.
  • ADI is up 2.5% today from today's close.

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More details on ADI:

Analog Devices, Inc. is engaged 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. The stock currently has a dividend yield of 3%. ADI has a PE ratio of 21.9. Currently there are 10 analysts that rate Analog Devices a buy, no analysts rate it a sell, and 12 rate it a hold.

The average volume for Analog Devices has been 1.9 million shares per day over the past 30 days. Analog Devices has a market cap of $15.6 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.23 and a short float of 1.6% with 2.42 days to cover. Shares are down 1.8% year-to-date as of the close of trading on Wednesday.

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