Analog Devices Inc
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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

Banks stocks rally to buck broader market selloff after Fed to allow share buybacks again

7:33 am ET December 21, 2020 (MarketWatch)
Print

Bank stocks are showing green in sea of red in premarket trading Monday, after the Federal Reserve said late Friday (http://www.marketwatch.com/story/fed-loosens-restrictions-on-big-bank-stock-buybacks-11608327204) it will allow big banks to start buying back stock again, restrictions which were put in place in June amid concerns over the impact of the COVID-19 pandemic. The Fed said the latest stress tests confirmed that the big banks were in good financial health despite the recession. The SPDR Financial Select Sector ETF rallied 0.7% in premarket trading. Among some of the ETF's most heavily weighted banking components, shares of J.P. Morgan Chase & Co. (JPM) rallied 3.6%, Bank of America Corp. (BAC) got a 2.9% boost, Citigroup Inc. (C) climbed 3.0%, Wells Fargo & Co. (WFC) advanced 1.3% and Goldman Sachs Group Inc. (GS) gained 2.8%. The rallies come while futures for the Dow Jones Industrial Average tumbled 442 points, or 1.5%, amid concerns over a new viral strain of coronavirus (http://www.marketwatch.com/story/dow-set-to-sink-500-points-as-new-viral-strain-overshadows-fresh-coronavirus-aid-11608552060) that causes COVID-19.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

December 21, 2020 07:33 ET (12:33 GMT)

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