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Analog Devices

(ADI) - Get Analog Devices Inc. Report

was up 9.5% in midafternoon. The chipmaker is due to report fourth-quarter results after today's close and analysts are expecting earnings of 50 cents per share, up from the year-ago 20 cents.

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TheStreet Recommends

reiterated its strong buy rating and

Merrill Lynch

repeated its near-term accumulate and long-term buy.