Analog Devices (ADI) achieved the status of being the largest supplier of high-performance analog integrated circuits [ICs] in the world. Analog Devices achieved that status even before the acquisition of Maxim Integrated Products (MXIM). The acquisition strengthens the company further by offering customers a more complete set of solutions. The combined company has a good chance of achieving earnings growth that exceeds that of the S&P 500 (SPY) over at least the next five years.

The above-average expected earnings growth can help drive ADI's stock to achieve above-average price appreciation. This growth can be fueled by multiple catalysts of new technology such as industrial automation, 5G, the internet of things [IoT], advanced vehicles, etc. ADI benefits from having their technology used across a diverse set of numerous industries.

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