15 AI News and Ratings Trending on Financial Media

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9. 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. This helps companies in various sectors, including the industrial, where AI is fueling extraordinary demand for high bandwidth memory and high performance compute solutions. On November 27, Piper Sandler lowered the price target on the stock to $220 from $235 and kept a Neutral rating on the shares. The advisory notes the company reported mixed results for its Q4 earnings as October quarter results exceeded expectations, while January guidance was below estimates. Looking ahead, Analog Devices has guided for a sequential decline of LSD in the segment and believes that volume growth will remain muted through the coming year, Piper adds.

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