Analog Devices (ADI) Ascends While Market Falls: Some Facts to Note

Analog Devices (ADI) rose 2.08% to $414.70, outperforming the S&P 500. The semiconductor company holds a Zacks Rank #1 (Strong Buy) rating with anticipated EPS of $3.84 (up 69.91% YoY) and revenue of $4.31 billion (up 39.96% YoY). Trading at a Forward P/E of 31.36, below its industry average of 36.41, ADI appears undervalued despite a higher-than-average PEG ratio of 1.25.