Analog Devices Stock Has Outperformed The S&P Since 2018- Here's Why

This article was originally published on Nasdaq

Analog Devices Inc. (NASDAQ: ADI) stock price has jumped 1.9x from around $85 in 2018 end to $165 currently, primarily due to favorable changes in its P/S multiple. During this period, the company also witnessed an 18% rise in revenues, but a 40% jump in the outstanding share c