Are Wall Street Analysts Bullish on Analog Devices Stock?

Valued at a market cap of $101.6 billion, Analog Devices, Inc. (ADI) is an original equipment manufacturer of semiconductor devices, specifically analog, mixed-signal, and digital signal-processing integrated circuits. The Wilmington, Massachusetts-based company specializes in data conversion, signal processing, and power management technology. 

This semiconductor company’s shares have massively lagged behind the broader market over the past 52 weeks. Analog Devices has gained 4.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.7%. Moreover, the stock is down 4.2% on a YTD basis, compared to SPX’s 3.2% rise during the same time frame.