Analog Devices Inc
Change company Symbol lookup
Select an option...
ADI Analog Devices Inc
BAC Bank of America Corp
CLOV Clover Health Investments Corp
HRL Hormel Foods Corp
DD Dupont De Nemours Inc
PSRU Valiant Eagle Inc
CRM Salesforce.Com Inc
VLYPP Valley National Bancorp
FEMKX Fidelity® Emerging Markets Fund
XPEV Xpeng Inc
Go

Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Analog Devices, Inc. (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. The Company is a supplier of data converter products. The Company is a supplier of high-performance amplifiers. Its analog product line also includes products of high performance radio frequency (RF) ICs. The Company's DSPs are used for high-speed numeric calculations. The Company offers its products for applications in various end markets, such as industrial, automotive, consumer and communications. The Company operates in the United States, Rest of North/South America, Europe, Japan and China.

Postmarket

Last Trade
Delayed
$156.38
2.09 (1.35%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$154.29
Day's Change
-4.30 (-2.71%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
159.41
Day's Low
154.03
Volume
(Below Average)
Volume:
3,016,479

10-day average volume:
3,526,468
3,016,479

UPDATE: Here are key reasons bitcoin prices are tumbling, and the bullish factors that may buoy them

2:00 pm ET November 28, 2020 (MarketWatch)
Print

Mark DeCambre

A fresh record high for bitcoin is going to have to wait, if it comes at all.

Bitcoin prices on Friday were being pummeled, pushing the cryptocurrency into correction territory, commonly defined as a decline in an asset from a recent peak of at least 10%.

At last check, Bitcoins changed hands on CoinDesk, down 2.4%, at $16,714, representing a more than 14% decline from its 52-week peak at $19,495, put in less than 24-hours before its Thanksgiving tumble (https://www.marketwatch.com/story/bitcoin-price-plunges-over-10-to-stage-thanksgiving-correction-11606406576).

Bitcoin has been a traditionally volatile asset since its inception, but if those observing the closely followed cryptocurrency are looking for reasons for its recent drop, market participants were pointing to at least three key factors:

A series of messages from Coinbase's CEO Armstrong via Twitter is being credited with some of the decline for bitcoin and the broader cryptocurrency complex. On Wednesday (https://www.coindesk.com/3-reasons-bitcoin-crashed-by-3000-and-why-its-still-bullish), Armstrong implied that the U.S. Treasury Department my attempt to push through tightened regulation before the Trump administration leaves office.

The the threat of tighter regulation has always loomed large over the nascent digital-currency sector but the comments may have been enough to set a bearish tilt in motion on the bitcoin's which have enjoyed a more than 130% year-to-date gain, experts said.

Charles Hayter, founder of CryptoCompare told MarketWatch that the retreat in bitcoin as "one of the fastest moves" that he has seen, adding it wasn't unexpected after the cryptocurrency had made such a brisk run near its December 2017 all-time high.

"This was one of the fastest moves bitcoin has made. Naturally there is a pullback at these points as moves from off exchange to on exchange take place," Hayter said in emailed comments to MarketWatch on Friday.

Bitcoin's rise to the stratosphere comes as the Dow Jones Industrial Average is up 5% so far this year, the S&P 500 index has gained over 12% during the same period and the Nasdaq Composite Index has advanced 35% in the year to date. Gold (ABX.T), meanwhile, has climbed 19% thus far this year and is staging a reversal of much of its rally as viable COVID-19 vaccines emerge.

" A fair few of the buyers at 10k will be collecting their winnings and a fair few who have been hiding out at these levels from 2018 will be happy to exit the trade," he speculated.

A chart published on Friday by Bespoke Investment Group highlights on key fact that those who are new to bitcoin must get accustomed to: its traditional volatility.

Bespoke wrote that declines of Thursday's magnitude aren't particularly out of the ordinary throughout bitcoin's history, highlighting that since 2017, bitcoin has seen 24 one-day drops more gut-wrenching than on Thanksgiving day (see attached chart):

Although bears might use this current retreat as a cautionary tale of why bitcoin is a problematic asset, many continue to hold (https://www.marketwatch.com/story/keep-calm-and-hodl-on-these-tweets-sum-up-how-the-internet-is-responding-to-bitcoins-tumble-2017-12-22) the asset on hope of a more bullish horizon for cryptos.

Facebook's(FB) digital-currency network, Libra, could launch as early as January, according to reports (https://nypost.com/2020/11/27/facebook-reportedly-launching-libra-cryptocurrency-next-year/). If so, it would represent a major accomplishment for the history as a whole, even if critics, say that Libra coin, doesn't truly represent the traditional crypto market.

That said, it might be a feather in the cap of proponents of digital assets at a time when virtual currencies are drawing greater mainstream appeal.

Last month, PayPal Holdings (PYPL) said it would allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments (https://www.marketwatch.com/story/paypal-will-let-customers-buy-cryptocurrencies-and-use-them-for-online-payments-11603283352), which also has lent some legitimacy of the nascent asset.

Major investors, including hedge-fund luminary Paul Tudor Jones, have become proponents of the asset, describing its recent rally in a CNBC interview as in its "first innings (https://www.cnbc.com/2020/10/22/-paul-tudor-jones-says-he-likes-bitcoin-even-more-now-rally-still-in-the-first-inning.html?&qsearchterm=bitcoin)."

Those apparent endorsements highlight a growing focus by institutional investors into bitcoin as a legitimate alternative to fiat currency or other assets used to hedge their exposure to conventional investment instruments.

To be sure, bitcoin and its conterparts, critics warn, could still tumble to zero and therein lies the intrigue and potential peril of digital currencies.

-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 28, 2020 14:00 ET (19:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.