The Latest Breaking News from Analog Devices

While shares in the sector are under pressure, several companies are positioned well for the rest of the year.

Analog Devices Inc (NASDAQ:ADI) highlighted its strategic vision and new financial model at its investor day meet. Piper Sandler analyst Harsh Kumar reiterated an Overweight with a $210 price target (30% upside).  Kumar expects the company to benefit from several secular growth drivers within the semiconductor industry. Related: Analog Devices Tops Q1 Backed By Momentum Across…

Tanaiste Leo Varadkar said the investment 'will create the jobs of the future'

In this article I'll analyze and compare Advanced Micro Devices (AMD) and Analog Devices (ADI) to determine which chip stock is currently a better buy.

Analog Devices (NASDAQ:ADI) has outperformed the market over the past 10 years by 2.64% on an annualized basis.

Over the past 3 months, 10 analysts have published their opinion on Analog Devices (NASDAQ:ADI) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

If history is any guide, there may be trouble ahead for shares of Analog Devices (NASDAQ:ADI). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

According to Benzinga Pro, during Q1, Analog Devices (NASDAQ:ADI) earned $280.08 million, a 270.05% increase from the preceding quarter. Analog Devices also posted a total of $2.68 billion in sales, a 14.7% increase since Q4.

Analog Devices Inc (NASDAQ:ADI) reported first-quarter FY22 revenue growth of 72% year-on-year to $2.68 billion, beating the consensus of $2.60 billion. Adjusted EPS of $1.94 beat the consensus of $1.77. End Markets: Analog Devices' Industrial revenue grew 57% Y/Y to $1.34 billion. Automotive revenue increased 124% Y/Y to $552.7 million. Communications revenue rose 46%…