Business

Mass. Movers

Analog Devices stock recovers a bit

Analog calls itself the world leader in data conversion and signal conditioning technology. Above, a chip for use in auto radar systems.
Yoon S. Byun/Globe Staff/2011
Analog calls itself the world leader in data conversion and signal conditioning technology. Above, a chip for use in auto radar systems.
Advertisement

Shares of Analog Devices Inc. made a modest rebound on Thursday, closing 0.62 percent higher, after a loss of nearly 2 percent the day before. On Wednesday, The Wall Street Journal’s Hot Stocks list noted that Analog’s fiscal third-quarter profit rose 3.8 percent as the company’s margins strengthened and operating costs decreased, but that masked lower revenue, year-over-year. Also on Wednesday, Zacks reiterated its “neutral” rating on the stock, with a $50 target price, while Jefferies Group reitereated its “buy” rating.