14 Trending AI Stocks on Latest Ratings and News

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

Number of Hedge Fund Holders: 63 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. The firm provides high performance solutions that integrate analog, digital and memory in a reduced form factor. It makes and sells AI microcontrollers and AI accelerators. On November 19, Bank of America lowered the price target on the stock to $245 from $255 and kept a Buy rating on the shares. The advisory revisited its estimates ahead of earnings due on November 26 to adjust for soft Industrial trends led by US and European markets as well as weaker auto production at Western and Japanese OEMs.

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