Analog Devices, Inc. ADI was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $76.83 to $80.06 in the past one-month time frame.
The move came after the company reported better-than-expected third-quarter fiscal 2017 results.
The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Analog Devices currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the Semiconductor – Analog and Mixed industry is MagnaChip Semiconductor Corporation MX, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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