Analog Devices Inc. ADI, +3.54% disclosed Friday that it will reinstate its stock repurchase program, beginning Nov. 9. The semiconductor maker had suspended its buyback program in March, given the impact of the COVID-19 pandemic on the global economy. After spending $6.3 billion to repurchase 156.1 million shares prior to the suspension, there is $1.9 billion left in the repurchase program. The stock, which was indicated down about 1% in premarket trading, has gained 9.7% year to date through Thursday, while the PHLX Semiconductor Index SOX, +4.40% has run up 34.6% and the S&P 500 SPX, +1.94% has tacked on 8.7%.