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Analog Devices, Inc. (ADI) engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide.
It offers signal processing products that convert, condition, and process real-world phenomena, such as temperature, pressure, sound, light, speed, and motion into electrical signals. The companys products include data converters, which translate real-world analog signals into digital data and translate digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
It also offers micro-electro mechanical systems technology based sensors, including accelerometers to sense acceleration, gyroscopes to sense rotation, and inertial measurement units to sense multiple degrees of freedom.
In addition, the company provides isolators for various applications, such as universal serial bus isolation in patient monitors, smart metering applications, and satellites; power management and reference products for power conversion, driver monitoring, sequencing, and energy management; and digital signal processing products for high-speed numeric calculations.
Its products are used in electronic equipment, including industrial process control, factory automation, instrumentation and measurement, energy management, and optical systems, as well as aerospace and defense electronics, automobiles, medical imaging equipment, patient monitoring devices, wireless infrastructure equipment, networking equipment, digital cameras, and portable electronic devices.
Shares have formed a bullish "cup and handle" following the company's latest quartrly report. Shares are consolidating in the "handle" phase of the formation. Higher share prices are expected for this stock.
52-Weeks Trading Range: $42.57 - $68.97
Entry Point: $67.00
Stop Loss: $63.65
Target Price: $73.70
ADI closed at $62.50
