On July 6, Analog Devices rose 3.23% in pre-market trading, trading at $390.0/share, with turnover of $1.6432 million.

On the news front, Analog Devices recently issued a notice to customers indicating that 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 times going forward. This signals strengthening end-market demand across ADI's portfolio spanning data converters, power management, RF ICs, and signal processing products.

Multiple investment banks have continued to raise their price targets on the stock. Wells Fargo raised its target to $515, Citi to $460, Stifel to $498, and Evercore ISI to $474, all maintaining buy or outperform ratings. Analysts noted that approximately 30% of ADI's revenue is backed by accelerated growth drivers in data center power, optical, automated test equipment, and aerospace/defense, while the broader analog chip industry has exhibited multi-round staggered price increases throughout the year.

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