Shares of Analog Devices Inc. (ADI) Exceed 52-Week High

September 23, 2021 11:22:23

Shares of Analog Devices Inc. (NASDAQ:ADI) traded today at $176.78, eclipsing its 52-week high. Approximately 691,000 shares have changed hands today, as compared to an average 30-day volume of 6.1 million shares.

Analog Devices Inc. (NASDAQ:ADI) is currently priced 30.8% above its average consensus analyst price target of $122.34.

Over the past year, Analog Devices Inc. has traded in a range of $110.66 to $176.78 and is now at $176.75, 60% above that low.

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.

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