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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details