10 Large-Cap Stocks American Politicians Are Buying

4. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Investors: 62

Analog Devices, Inc. (NASDAQ:ADI) ranks 4th in our list of the large-cap stocks American politicians are piling into. Congressman Dan Newhouse on April 10 bought a stake in Analog Devices, Inc. (NASDAQ:ADI) at $196.33 per share. The total worth of this stake was between $1,000 to $15,000. Since then through May 7 the stock has gained about 4.21%.

Madison Investors Fund stated the following regarding Analog Devices, Inc. (NASDAQ:ADI) in its first quarter 2024 investor letter:

“At semiconductor manufacturer Analog Devices, Inc. (NASDAQ:ADI), end-market demand continues to decline as customers and distributors reduce inventory after building it up during the supply chain induced shortages a few years back. Despite these near-term trends, we remain confident that large parts of the global economy will continue to digitize over the long-term, thereby driving strong demand for analog semiconductor chips.”