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TXN - Analog Devices Already Well-Valued For Its Quality
Texas Instruments Incorporated
There are certainly some bargains out there in the chip sector today, but I’m not finding many in areas like analog. To that end, while I have no qualms about the quality of Analog Devices (ADI), nor its prospects for above-average growth in the years to come, I find that the market is already on top of the story. I don’t think the shares are notably overvalued (unless the economy is teetering on the brink of outright recession), but given the ongoing risks in the sector and my preference for buying in at