On July 9, Analog Devices rose 3.01% in pre-market trading, trading at approximately $398.4 per share, with turnover of $1.4735 million.

On the news front, Cantor Fitzgerald raised its price target on Analog Devices from $510 to $550, representing the highest target among recent investment bank upgrades. On the same day, the company announced the completion of its acquisition of Empower Semiconductor, further expanding its footprint in AI computing power delivery solutions.

The rebound comes after Analog Devices had pulled back over 3% on July 7 amid a global semiconductor sector selloff triggered by a sell-the-news reaction to Samsung Electronics earnings. Multiple catalysts are now converging: the company recently notified customers that lead times for certain products have extended to six months due to recovering demand and tightening supply. Previously, Wells Fargo raised its target to $515, Stifel to $498, Citi to $460, and Evercore ISI to $474, all maintaining buy or overweight ratings, reflecting broad institutional confidence in improving analog chip supply-demand dynamics.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)