Walmart, Target, Analog Devices in Focus as Investors Await Demand Signals

Analog Devices Inc. shares moved higher after the bell on Tuesday. The chipmaker said it’s buying Empower Semiconductor in a $1.5 billion cash deal. ADI had slipped 1.02% to $414.31 by the close, but after hours the stock was up 1.36% at $419.95. That comes just ahead of the company’s quarterly report. After-hours trading refers to trading that happens after the regular U.S. market session.

Analog Devices Inc. climbed to a fresh 52-week high Friday, ending the session at $416.52 after hitting $418.75 intraday. Investors moved in ahead of the chipmaker’s fiscal second-quarter earnings, expected later this month.

Analog Devices Inc saw its shares gain 2.8% Friday, closing at $355.03. That puts the stock close to the upper end of its latest trading band as the weekend break arrives. U.S. markets will resume on Monday.

Analog Devices finished Friday up 1.73% at $337.10, sticking close—within 2%—to its 52-week peak, and outpacing several rivals. Shares of Broadcom dropped 1.81%. Texas Instruments picked up 1.42%, while KLA gained 0.92%.

Analog Devices finished Friday up roughly 1.8% at $337.10, with shares hanging around that price in after-hours trading. That move added to a recent rally driving the stock close to its latest high.

Analog Devices, Inc. slipped 1.7% to $331.38 by Thursday’s close, surrendering earlier gains after peaking at $343.69. This came despite Barclays upgrading its view on the analog chipmaker.

Analog Devices shares edged up 0.7% to $322.74 by midday in New York, following a Friday close at $320.45. UBS earlier bumped its price target on the chipmaker to $400, fueling the move.