Analog Devices (NASDAQ:ADI) has outperformed the market over the past 20 years by 1.64% on an annualized basis producing an average annual return of 8.91%. Currently, Analog Devices has a market capitalization of $77.06 billion.
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Analog Devices (NASDAQ:ADI) has outperformed the market over the past 15 years by 3.76% on an annualized basis producing an average annual return of 10.53%. Currently, Analog Devices has a market capitalization of $85.72 billion.
Truist Securities has decided to maintain its Buy rating of Analog Devices (NASDAQ:ADI) and raise its price target from $194.00 to $203.00.
Shares of Analog Devices are trading up 2.33% over the last 24 hours, at $163.65 per share.
Analog Devices (NASDAQ:ADI) reported its Q2 earnings results on Wednesday, May 18, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.