BUZZ-Analog Devices climbs after plans to buy Empower Semiconductor for $1.5 bln

Analog Devices

Analog Devices

ADI

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** Shares of Analog Devices ADI.O rise 3.7% to $430 premarket

** The chipmaker said after markets closed on Monday that it would acquire Empower Semiconductor for about $1.5 billion in cash

** The companies said the deal would help advance power delivery for AI and other compute-intensive applications, for which power bottlenecks can be limiting

** The transaction is expected to close in the second half of 2026

** 11 out of 35 analysts rate the stock "buy" or higher, 19 rate it "hold", five "sell"; median PT at $405 - data compiled by LSEG

** As of last close, ADI stock up 52.7% YTD


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