NASDAQ:ADI - Nasdaq - US0326541051 - Common Stock
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Analog Devices (NASDAQ:ADI) and the best and worst performers in the analog semiconductors industry.
Over the past six months, Analog Devices’s stock price fell to $214.73. Shareholders have lost 6% of their capital, which is disappointing considering the S&P 500 has climbed by 9.7%. This might have investors contemplating their next move.
The five industrial chipmakers on this list are in a position to rebound in 2025 and could easily surpass the robust 40% gain indicated for NVIDIA.
Ambarella had a solid quarter in Q3 and raised guidance, leading the analysts to lift their stock price targets and send the market into a melt-up.
Analog Devices is on track to resume growth in fiscal 2025 and is cautiously optimistic it will be a strong year with improvement in all end markets.
The Nasdaq isn't at a high, but it isn't far off either.
/PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal fourth quarter and fiscal...
/PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI) today announced it will release financial results for the fourth quarter fiscal year 2024 at 7:00 a.m....