Credit Suisse Group Analyst John Pitzer says he likes Analog Devices, Inc. (ADI) because of its exposure to industrial, auto and infrastructure. By contrast, he says the company has relatively low consumer exposure, but that exposure is increasing because of a specific application that is being introduced to Apple.
“In fact, that’s caused consternation of investors, because investors really don’t like Apple exposure because it’s great when you have it, but you can lose it very quickly,” Pitzer says.
FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE.
Independent of any investor concerns related to Apple, Pitzer says Analog Devices has a dominant footprint in analog-to-digital converters. He says the converters are an important part of the overall segment chain of any electronic device, and therefore, that business is likely to drive growth for Analog Devices.
“We do think that that this stock will continue to do well. This company has a more dominant footprint in A-to-D converters than anyone out there,” Pitzer says. “As a standalone entity they can use that to drive faster revenue growth, earnings growth, and/or they are also a potential takeout.”
Schafer Cullen Capital Sees Global Middle Class Growth Driving Top Picks
August 03, 2017
Western Digital Corp. (WDC) Lowers Manufacturing Costs of Data Storage Devices and Yields Capital
February 11, 2013
ON Semiconductor Corp (ONNN) a Good Play on Broad-Based Analog and Power Management
May 30, 2014
Content Digitization Continues Driving Data Storage
February 24, 2012
Profitability in Banking Is Key to Driving Shareholder Value
April 11, 2012
