Gregory Bryant has resigned from
Analog Devices (ADI) and is replaced by
Martin Cotter. The company is due to present at the
UBS Global Technology Conference and report Q4 earnings, generating anticipation for updated
key metrics.
Wells Fargo has begun coverage of ADI with an
Equal-Weight Recommendation.
CFS Investment Advisory Services LLC,
Banco Santander S.A., and others have purchased shares in ADI, though the stock has faced price adjustments due to
industrial trends and
auto production. The acquisition of
Flex Logix has had an impact, with ADI trading both up and down recently. It retains a consensus recommendation of
\"Moderate Buy\" by brokerages despite challenges in the semiconductor sector. Analysts are watching the stock due to its potential undervaluation and announce strategic alliance with Tata Group in India. Recent trends and news have made ADI a trending AI stock.
EVP & President Gregory Bryant's share sale, alongside
Truist's downgrade citing peak growth, suggest near-term caution. Notwithstanding, the strategic partnership with
Flagship Pioneering and new software development environment,
CodeFusion Studio™, show long-term promise.
Analog Devices ADI News Analytics from Wed, 22 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 12:55:37 GMT -
Rating -1
- Innovation 6
- Information 7
- Rumor -3
