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

Wells Fargo's stock surges toward 10-month high after UBS analyst upgrades to 'top pick'

9:35 am ET January 12, 2021 (MarketWatch)
Print

Shares of Wells Fargo & Co. (WFC) hiked up 3.1% in morning trading Tuesday toward a 10-month high, after UBS analyst Saul Martinez said it's time to buy into the bank, citing valuation and an opportunity for the bank to "find redemption" in the eyes of many different stakeholders. Martinez raised his rating to buy from neutral and raised his stock price target to $41 from $23, saying Wells Fargo is now his "top pick" within the large-capitalization banks sector. He said despite the stock's recent relatively big bounce, it is still a "sizable multiyear underperformer" since the sales scandal in 2016. "However, the company's weaknesses could turn into investment positives," Martinez wrote in a note to clients. "In fact, even modest improvements in efficiency and slight reductions to loan loss reserves yield outsized earnings benefits." Wells Fargo's stock has run up 33.4% over the past three months while the SPDR Financial Select Sector ETF (XLF) has surged 22.7% and the S&P 500 has gained 7.7%, but over the past 12 months, Wells shares have tumbled 34.7% while the financial ETF has tacked on 2.0% and the S&P 500 has advanced 16.5%. Martinez said the risk-versus-reward profile of Wells Fargo's stock appears "asymmetrically positive."

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

	

(END) Dow Jones Newswires

January 12, 2021 09:35 ET (14:35 GMT)

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