Texas Instruments (TXN) and Analog Devices (ADI) could grapple for Maxim Integrated Products (MXIM), which is rumored to be on the sales block amid heavy chip industry M&A action. Maxim stock was up 7% Wednesday afternoon on a report that Texas Instruments was looking to acquire the company. Reports last week had Analog Devices doing the same. Texas Instruments stock was down nearly 1% in afternoon trading in the stock market today, while Analog
Adobe Systems (ADBE) received a sharp price target hike from Rosenblatt Securities on Wednesday while Analog Devices (ADI) received several price target boosts. Rosenblatt Securities analyst Kirk Adams raised his price target in Adobe to 112 from 90, “as we have confidence that revenue growth and margin expansion will accelerate over the next two years,” he wrote in the research note. Adobe stock fell 1.1% Wednesday to close at 85.48. The stock
Several of the highest-rated chipmakers provide some technology going into connected cars, and their stocks have been setting up bases. Three are Skyworks Solutions (SWKS), Analog Devices (ADI) and NXP Semiconductors. Let’s take a look at their charts and some of the latest related news. NXP Semiconductors (NXPI) joined the IBD Leaderboard on Friday. The fabless chip company cleared a 105.04 buy point in heavy volume, so shares are in buy range.