35 AI News and Ratings You Should Not Miss

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

Number of Hedge Fund Holders: 64 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. The stock was recently named in a research note on the broader semi industry by investment firm Susquehanna on October 21. The note, penned by analysts led by Chris Rolland, underlined that for industrials, Analog Devices had been among the first to confess to a down cycle, and recent softness suggested that weakness continued to persist. The note claimed that the automotive outlook for semis continued to underwhelm as well, as multiple automobile manufactures had pointed out elevated inventory, weak demand and lower-than-anticipated electric vehicle adoption.

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