Analog Devices, Inc. (ADI) has earned a solid reputation as a leader in analog, mixed-signal and digital signal processor integrated circuits. Yet, with a forward P/E ratio of 29.58X, higher than the Zacks Semiconductor – Analog and Mixed industry average of 27.06X, investors are questioning whether the stock’s premium valuation is justified in the current market. The answer, for now, seems to favor patience.Image Source: Zacks Investment ResearchThis year, Analog Devices shares have struggled to keep pace ...