Analog Devices Inc. (NASDAQ:ADI) Upgraded by Wells…
From Financial Modeling Prep: 2025-02-17 10:04:54
Analog Devices Inc. (NASDAQ:ADI) is a key player in the semiconductor industry, known for its analog, mixed-signal, and digital signal processing integrated circuits used in various applications. Wells Fargo upgraded ADI to “Overweight,” showing confidence despite expected earnings declines. ADI’s Q1 report forecasts an 11% drop in EPS and a 6.2% revenue decrease, yet consensus EPS estimates remain steady.
With a market capitalization of around $106.47 billion, ADI’s stock price reflects market anticipation ahead of its Q1 earnings report. Despite the projected earnings decline, analysts have not revised EPS estimates in the past month. This stability is crucial for investors as they monitor potential impacts on the stock price. ADI competes with major semiconductor companies like Texas Instruments and NXP Semiconductors.
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