35 Chip Stocks In Focus Amid Tech Selloff

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12. 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. As per the report for the fourth quarter of 2024, the company reported revenue of more than $2.4 billion, exceeding the midpoint of guidance, indicating strong performance across all end markets and solid sequential growth. In January, the US Department of Commerce announced the signing of four separate non-binding preliminary memorandum of terms (PMT) under the CHIPS and Science Act to provide up to $105 million in proposed direct funding to Analog Devices. Per the firm, the investment will help the company strengthen workforce training and community partnerships, as well as expand the efforts to manage environmental footprints.

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