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For seven consecutive quarters with strong data and confident contracts with leading consumers, subject to external turbulence, this is Analog Devices.
The Analog Devices business is the production of chips. Earlier we talked about the representatives of this market segment and came to a conclusion about their sustainability and potential. Analog Devices is a bet on all three areas of work and a great result.
Strengths of Analog Devices:
Business revenue in the fourth quarter increased by 39% YoY to $3.3 billion, which turned out to be stronger than forecasts. Adjusted EPS rose 58% YoY to $2.73.
In general, the 2022 fiscal year was very successful for Analog Devices:
The company expects sales and profit growth in the new quarter.
The consensus forecast for Analog Devices shares for the year is $180-220.