Analog Devices, Inc. $ADI benefits from lack of semiconductors | 🚀 Robin Rocket

Analog Devices, Inc. $ADI benefits from lack of semiconductors

Current price: $172
Target price: $179-183

Analog Devices, Inc. develops, manufactures, tests and markets integrated circuits (ICs), software and subsystems that use analog, mixed and digital signal processing technologies.

The company offers data conversion products that convert real analog signals to digital data and also convert digital data to analog signals; high performance amplifiers for analog signal processing; and RF and microwave ICs to support cellular infrastructure.

Analog Devices has been performing well in recent quarters thanks to strong demand for semiconductors.

The company's drive to increase production capacity has helped overcome supply chain constraints.

Analog expects its hardware revenue to grow by $5 billion by 2025, indicating that it has a lot of room to grow this vertical. Last year, the company's revenue was $860 million.

Analog can significantly increase its market share in the automotive and 5G chip industry through its $21 billion acquisition of competitor Maxim Integrated.

Not an investment recommendation.