3 Key Takeaways From Analog Devices’ Q2 Results

Shares of Analog Devices (NASDAQ: ADI) shot up to multiyear highs after the company's second-quarter results blew past expectations. The analog semiconductor specialist was in hot water earlier this year after Rosenblatt Securities analyst Jun Zhang pointed out that it might lose its Force Touch spot in Apple's (NASDAQ: AAPL) next iPhone because of cost cuts at Cupertino.But Analog's latest results and guidance have put any apprehensions to rest, as they have clearly boosted investor sentiment, thanks to the growing strength of its industrial and automotive businesses.

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    Wilmington, Massachusetts-based Analog Devices, Inc. (ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. Valued at $114.2 billion by market ...
    10/28/2024 - 11:43 pm | View Link
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