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

by Mike Robinson

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© 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.

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