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This Dividend-Paying Chip Stock Could Switch Up a Gear in 2020

TheMotleyFool

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This Dividend-Paying Chip Stock Could Switch Up a Gear in 2020

Analog Devices (NASDAQ: ADI) has been hit hard by the semiconductor slowdown this year. The company's revenue in the recently concluded fiscal year 2019 fell nearly 3.7% over the prior year, driven by the restrictions on Huawei and the broader slowdown in key chip markets such as the industrial and automotive sectors.

However, investors have been buying Analog Devices stock despite the headwinds. The stock has generated a decent return even in tough times, paving the way for more upside in 2020, when things are expected to get better. Let's take a look at the reasons you should consider going long on Analog Devices right now.