8 Biggest EV Stocks to Watch in 2025

3. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 79

Revenue Growth (YoY): -23.39%

According to a published report, Bernstein analyst Stacy Rasgon kept Analog Devices Inc. (NASDAQ:ADI) at a Hold rating, with a $220.00 price target. Yesterday, the closing price of the company’s shares was $227.66.

The second-quarter fiscal revenue of Analog Devices Inc. (NASDAQ:ADI), $2.64 billion, jumped by 9% sequentially and exceeded the high end of projections, with growth of at least 10% in all end markets. The fiscal third-quarter revenue prediction of $2.75 billion from ADI exceeded the consensus estimates from FactSet.

Analog Devices Inc. (NASDAQ:ADI) is a prominent manufacturer of chips for analog, mixed-signal, and digital signal processing. The company holds a substantial market share advantage in converter chips, which convert analog signals to digital and vice versa. The company provides services to tens of thousands of customers; industrial and automotive end industries account for over half of its chip sales.