On July 14, Analog Devices rose 3.08% in regular trading, trading at $398.49/share, with turnover of $131 million.
On the news front, KeyBanc raised its price target on Analog Devices from $500 to $525, maintaining an Overweight rating. This follows Cantor Fitzgerald's earlier target increase to $550 from $510. According to FactSet, analysts' average price target stands at $462.21 with a consensus Overweight rating. Multiple institutions have concentrated their target upgrades in recent weeks, reflecting optimism around the company's AI power delivery expansion — following its completion of the Empower Semiconductor acquisition — and extended lead times on select products signaling strengthening demand.
The broader semiconductor sector staged a collective rebound during the session, recovering from the prior trading day's sharp pullback driven by profit-taking. Within the sector, Micron Technology rose 4.22%, AMD gained 3.88%, Intel advanced 3.34%, Broadcom added 1.87%, and NVIDIA edged up 0.75%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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