Analog Devices and India's
Tata Group are working together to boost semiconductor manufacturing in India, a move that could have substantial implications for the global semiconductor industry. As the stock has risen 5.2% since its last earnings report, many investors are wondering whether to hold or sell.
ProShare Advisors LLC has reduced its stake in the company, but
Vanguard Personalized Indexing Management LLC has increased its holdings. In the last quarter, the company's shareholders saw a 16%-17% compound annual growth rate (CAGR), though earnings have been shrinking. There are concerns over whether the company's performance can continue given mixed fundamentals.
Analog Devices also seems to play a significant role in the AI surge. Its stock has an impressive institutional ownership, but there are concerns over insiders selling off their shares suggesting potential weakness. Despite these challenges,
Analog Devices was moved to Citibank's top pick for semiconductors, and its relative strength rating continues to impress, indicating a potential bullish future.
Analog Devices ADI News Analytics from Wed, 21 Feb 2024 08:00:00 GMT to Sun, 22 Sep 2024 10:38:02 GMT -
Rating 8
- Innovation 3
- Information 6
- Rumor -5
