Analog Devices Inc. (NASDAQ:ADI) traded today at a new 52-week high of $168.14. So far today approximately 299,000 shares have been exchanged, as compared to an average 30-day volume of 3.7 million shares.
In the past 52 weeks, Analog Devices Inc. share prices are bracketed by a low of $110.47 and a high of $168.14 and is now at $167.83, 52% above that low price.
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.
Based on a current price of $167.83, Analog Devices Inc. is currently 21.8% above its average consensus analyst price target of $131.20.
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