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Here's Why Analog Devices (ADI) Fell More Than Broader Market

Zacks Investment Research·
Here's Why Analog Devices (ADI) Fell More Than Broader Market

Analog Devices (ADI) declined 2.49% in the latest session but maintains a Zacks Rank #1 Strong Buy rating. The semiconductor company is projected to report significant earnings growth of 69.91% YoY with revenue expected to rise 39.96%. Trading at a Forward P/E of 32.46, ADI trades at a discount to its industry average of 42.83, positioning it favorably for investors.

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