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MXIM - Analog Devices Burnishes Its Reputation As An All-Weather Chip Stock
Maxim Integrated Products Inc.
Quality comes at a price, but I still believe that overpaying does limit some of your upside. Like many (if not most) other quality chip stocks, I thought Analog Devices (ADI) shares had come too far too fast, and my opinion of the valuation back in May (around the time of the fiscal Q2 earnings report) was “meh”. Since then, the shares are up about 5%, lagging the SOX index, the S&P, and the NASDAQ.
With strong leverage to industrial markets, I expect Analog to have a good 2021, and I don’t believe