From Nasdaq: 2025-06-06 19:22:00

Analog Devices (NASDAQ: ADI) saw a nearly 2% increase in its stock price, outperforming the S&P 500. Citigroup named it a top pick in the semiconductor sector, forecasting an 8% increase over 2024 levels. Despite a recent 11% decline in April sales, year-over-year numbers were up by 24%. Average selling prices also fared better than expected, falling 3.2% in April. Citigroup recommends investing in Analog Devices and Texas Instruments as defensive stocks in a challenging market. The Motley Fool suggests exploring other investment options with potential for significant returns.



Read more at Nasdaq: Why Analog Devices Stock Topped the Market Today