** Shares of chipmaker Analog Devices ADI.O rise 3.7% to $238.97 premarket - set to open at near one-month high, if gains hold

** ADI forecasts Q4 adj. EPS at $2.2 and revenue at $3 billion, above Wall Street estimates of $2 and $2.82 billion, respectively, as per LSEG data

** Co also beats analysts' expectations for Q3 revenue and adj. profit

** "We closed the third quarter with continued backlog growth and healthy bookings trends, notably in the Industrial end market" - CFO Richard Puccio

** 25 of 36 brokerages rate the stock "buy" or higher, 11 "hold"; their median PT is $263.50

** Up to Tuesday's close, stock had risen 8.4% YTD, compared with a 13.9% increase in the Philadelphia SE Semiconductor index .SOX

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com;))