5 Best Nanotechnology Stocks to Buy Now

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In this article, we shall discuss the 5 best nanotechnology stocks to buy now. To read our detailed analysis of the nanotechnology sector in 2022, go directly and see 10 Best Nanotechnology Stocks to Buy Now.

5. Analog Devices Inc. (NASDAQ:ADI)

Hedge Fund Holdings: 66

Based in Wilmington, Massachusetts, Analog Devices Inc. (NASDAQ:ADI) is an American multinational semiconductor company which focuses on data conversion, signal processing, and power management technology.

On December 9, Cowen analyst Joshua Buchalter raised the price target on Analog Devices Inc. (NASDAQ:ADI) to $200 from $190, keeping an Outperform rating on the shares. According to the analyst, the company presents one of the best and cleanest capital return stories in semis. Buchalter sees margin and capital return stability even under macroeconomic and cyclical pressure, with upside in a favorable backdrop.

Hedge fund sentiment around Analog Devices Inc. (NASDAQ:ADI) has become more favorable in the third quarter of 2022, with 66 funds long the stock, up from 61 in the preceding quarter.

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