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Analog Devices stock reaches all-time high of 355.45 USD
Analog Devices Inc. (ADI) stock hit an all-time high of $355.23, marking a 44% increase over the past year. Despite a P/E ratio of 64.25 and being considered overvalued by InvestingPro, investor confidence is high due to robust financial health and 26% revenue growth. Recent analyst reports reiterate positive outlooks, citing strong performance in various segments and improved margins.