Stock Groups

Analog Devices Headed for a Big Move, Here’s Why By StockNews

© Reuters. Analog Devices Headed for a Big Move, Here’s Why

An up-channel chart pattern has formed in the chart of Analog Devices Inc. (NASDAQ:). It is possible for the stock to break the channel resistance or fall below channel support. You can learn more about how to make money from this trade. Analog Devices Inc. (ADI), is a top chipmaker in analog, mixed-signal, and digital signal processing. This firm holds a large market share in converter chips. These are used for converting analog signals to digital, and vice versa. ADI chips can also be integrated into wireless infrastructure equipment.

This company has strong positions in both the automotive, industrial and consumer end-markets. The company is experiencing increased demand for high performance analog and mixed-signal solutions. Due to the robust Battery Management System solutions, electric vehicles are gaining momentum.

ADI’s current ratio is 1.1 which indicates that it has enough liquidity to meet short-term obligations. This has resulted in a quality grade of B for our POWR Ratings. Over the last five years, earnings have grown at an average 16.6% annually. Analysts predict earnings will rise by 30.8% in the coming year.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.