Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Healthy Auto And Industrial Markets Could Take Analog Devices A Little Further

Analog specialist Analog Devices (NYSE:ADI) has been a middle-of-the-road performer over the past year. While the company's margins remain at or near the top of the charts, revenue growth has been relatively less impressive and the stock performance (up about 12% over the past year) is squarely in the middle of analog peers/rivals like Texas Instruments (NYSE:TXN), Linear Technology (NASDAQ:LLTC), Maxim Integrated (NASDAQ:MXIM), and ON Semiconductor (ONNN).

I'm not looking for Analog Devices to be a huge outperformer from here. The company's decision to steer 80% of free cash flow to shareholders won't hurt, and neither will the company's strong position in industrial and auto markets nor its leverage to China's LTE...

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