Analog Devices shares soared to an all-time high Wednesday after the company’s fiscal first-quarter results topped expectations and the company boosted its share-buyback program.

Analog Devices (ADI) shares climbed 7% in afternoon trading on Wednesday, extending a five-day rally after the chipmaker topped Wall Street’s first-quarter earnings estimates and issued an upbeat outlook for the second quarter.

Analog Devices Inc. (ADI) shares will be on investors’ radar heading into Wednesday as the semiconductor player is all set to announce its first-quarter (Q1) results. The Massachusetts-based chipmaker is estimated to post earnings per share (EPS) of $1.