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

UPDATE: Bitcoin's record rise near $36,000 mints another $1 billion 'mining' company

1:30 pm ET January 6, 2021 (MarketWatch)
Print

By Mark DeCambre

Shares of cryptocurrency miner Marathon Patent Group Inc. shot up around 20% on Wednesday, helping to make the company the most recent member of the $1 billion digital-mining group, as bitcoin hit a fresh record near $36,000.

According to FactSet data, the market value of Marathon Patent (MARA) was at $1.030 billion, after its shares gained a fifth in value contributing to a $165 million gain in market capitalization from yesterday's rise.

Marathon has gained more than 55% so far in January and Wednesday's rally puts it in league with rival mining company Riot Blockchain (RIOT), which boasts a market value of $1.3 billion (https://www.marketwatch.com/story/as-bitcoin-surges-to-records-riot-blockchain-stock-is-up-nearly-1-500-in-2020-11609351039), having entered the billion-dollar club last month.

Check out: Here's how bitcoin could soon be worth $146,000 according to JPMorgan (https://www.marketwatch.com/story/heres-how-bitcoin-could-soon-be-worth-146-000-says-jpmorgan-11609869356)

Digital mining refers to the use of high-powered computers to generate new units of the cryptocurrency, by solving complex problems that have become harder over the years by virtue of how bitcoins were originally encoded.

Bitcoin "mining" expends a tremendous amount of electricity and now requires specialized hardware.

And miners like Marathon and Riot Blockchain, play a key role in maintaining bitcoin's self-sustaining network, running the decentralized software that verifies transactions.

The gains in those companies have come as bitcoin staged a stratospheric rise in the past several months, closing out 2020 up about 300% and kicking off 2021 with a rise of over 20% so far.

At last check, a single bitcoin was valued at $34,758, up nearly 2% on the day, but off its intrasession peak at $35,879, FactSet data show.

Higher prices for bitcoins can justify the high cost of mining for new coins, however. Currently the daily profit from one bitcoin miner is $10.06, according to mining-calculator site BTC.com (https://btc.com/tools/mining-calculator), supported by recent gains in prices.

Last year, Marathon Patent shares surged Marathon Patent over 1,000%, as it attempted to grow its mining enterprise (https://www.coindesk.com/marathon-patent-agrees-to-buy-70k-asic-miners-from-bitmain-for-170m).

To be sure, these companies are a risky investment, experts warn, particularly if the price of the virtual asset falls, but the surge in shares of these companies reflect the newfound fervor around bitcoin and its ilk.

Bitcoin's gains are drawing investments away from gold (ABX.T), experts say, as a runup in the Dow Jones Industrial Average and the S&P 500 index has market participants worried about lofty valuations in equities against the backdrop of interest rates at or around 0%.

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

	

(END) Dow Jones Newswires

January 06, 2021 13:30 ET (18:30 GMT)

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