On July 6, Analog Devices rose 3.03% in regular trading, trading at 390.34 USD/share, with turnover of $89.72 million.

On the news front, Analog Devices recently issued a notice to customers indicating that a demand recovery has driven supply tightness, with lead times for certain products extending up to six months. The company warned that customers who fail to place orders at least six months in advance may face even longer delivery timelines going forward.

Multiple investment banks have raised their price targets on the stock in recent weeks. Wells Fargo lifted its target to $515 maintaining an Overweight rating, Citi raised to $460 with a Buy rating, Stifel increased to $498, and Evercore ISI adjusted to $474 maintaining an Outperform rating. These upgrades reflect broad optimism regarding an improving supply-demand dynamic in the analog chip market. Morgan Stanley previously noted that 30% of Analog Devices' revenue is supported by accelerated growth drivers including data center power, optical, and aerospace/defense applications.

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