Analog Devices is a leading global semiconductor company that specializes in the design and manufacturing of analog, mixed-signal, and digital signal processing integrated circuits. These innovative technologies are essential for a wide range of applications, including signal processing, sensing, and power management, serving various industries such as automotive, telecommunications, consumer electronics, and industrial automation. The company focuses on enabling its customers to create high-performance systems that meet the growing demand for connectivity and real-time signal processing solutions in the increasingly digital and interconnected world. Read More
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Thursday as we examine the latest happenings in today's session.
Wall Street edges higher as GOP tax bill clears the House and bond yields ease, helping investors shake off prior losses while digesting mixed May business activity data.
Stay informed about the performance of the S&P500 index in the middle of the day on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
As the US market prepares to open on Thursday, let's get an early glimpse into the pre-market session and identify the S&P500 stocks leading the pack in terms of gains and losses.
Manufacturer of analog chips Analog Devices (NASDAQ:ADI) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 22.3% year on year to $2.64 billion. On top of that, next quarter’s revenue guidance ($2.75 billion at the midpoint) was surprisingly good and 4.5% above what analysts were expecting. Its non-GAAP profit of $1.85 per share was 9.1% above analysts’ consensus estimates.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Great things are happening to the stocks in this article.
They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.
Semiconductors are the silicon backbone of the digital revolution. Demand for chips is variable though, meaning that corporate inventory levels and sentiment can significantly impact the industry.
Uncertainty surrounding these factors has hurt semiconductor stocks over the past six months as they have pulled back by 17%. This drawdown was noticeably worse than the S&P 500’s 1.7% fall.
