Edition:
India

Analog Devices Inc (ADI.OQ)

ADI.OQ on NASDAQ Stock Exchange Global Select Market

87.94USD
10:35pm IST
Change (% chg)

$1.25 (+1.44%)
Prev Close
$86.69
Open
$87.21
Day's High
$88.04
Day's Low
$87.21
Volume
178,631
Avg. Vol
905,987
52-wk High
$93.98
52-wk Low
$71.00

Latest Key Developments (Source: Significant Developments)

Analog Devices Q4 GAAP earnings per share $0.93
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Analog Devices Inc :Analog Devices reports fourth quarter and fiscal year 2017 results.Q4 non-GAAP earnings per share $1.45.Q4 GAAP earnings per share $0.93.Q4 revenue $1.54 billion versus I/B/E/S view $1.5 billion.Q4 earnings per share view $1.36 -- Thomson Reuters I/B/E/S.Analog Devices Inc - sees ‍Q1 2018 GAAP earnings per share $0.79 to $0.95​.Analog Devices Inc - sees ‍Q1 2018 non-GAAP earnings per share $1.20 to $1.36​.Analog Devices Inc sees Q1 2018 ‍GAAP revenue of $1.44 billion to $1.54 billion.Q1 earnings per share view $1.18 -- Thomson Reuters I/B/E/S.Q1 revenue view $1.46 billion -- Thomson Reuters I/B/E/S.  Full Article

Paltek to cancel sales agency agreement with Linear Technology
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Paltek Corp <7587.T>:Says it plans to cancel sales agency agreement with a Tokyo-based firm Linear Technology Corp on Jan. 31, 2018 .  Full Article

Analog Devices establishes strategic relationship with China Mobile IoT
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Analog Devices Inc :Analog Devices establishes strategic relationship with China Mobile IoT.Analog Devices - ‍announced strategic relationship with China Mobile IoT, a wholly owned unit of China Mobile Communications Corporation​.Analog Devices Inc - ‍Analog Devices and China Mobile IoT will explore advances in internet-enabled technologies​.  Full Article

Analog Devices reports Q1 EPS $0.69
Wednesday, 15 Feb 2017 

Analog Devices Inc - : Q1 gaap earnings per share $0.69 . Q1 revenue $984 million versus I/B/E/S view $872.2 million . Q1 earnings per share view $0.73 -- Thomson Reuters I/B/E/S . Sees Q2 2017 non-gaap earnings per share $0.74 to $0.86 . Analog Devices Inc - "looking ahead to April quarter, we are planning for revenue to be in range of $870 million to $950 million" . Q2 earnings per share view $0.76, revenue view $877.7 million -- Thomson Reuters I/B/E/S . Board of directors has approved a 7% increase in its quarterly cash dividend to $0.45 from $0.42 per outstanding share . Sees q2 non-gaap diluted EPS estimated to be $0.74 to $0.86 per share .Sees q2 non-gaap gross margin to increase to between approximately 66.5 pct and approximately 67 pct.  Full Article

Analog Devices announces 7 pct increase in quarterly cash dividend
Wednesday, 15 Feb 2017 

Analog Devices Inc : Analog Devices announces 7 percent increase in quarterly cash dividend to $0.45 per share; represents annual dividend of $1.80 per share .Increases quarterly dividend by 7 percent.  Full Article

Analog Devices says co entered into term loan deal, amended revolving credit deal - SEC filing
Monday, 26 Sep 2016 

Analog Devices Inc : New term loan facility consists of a 3-year unsecured term loan facility in principal amount of $2.5 billion . Proceeds of loans may be used by co to fund Linear Technology acquisition and to pay fees and expenses in connection therewith . Company's new term loan facility also consists of 5-year unsecured term loan facility in principal amount of $2.5 billion - SEC filing . On september 23, 2016 co entered into a term loan agreement and an amended and restated revolving credit agreement - SEC filing .Entered amendment and restatement agreement dated as of September 23, 2016 which includes an amended and restated credit agreement.  Full Article

Analog Devices Q3 non-GAAP earnings per share $0.82
Wednesday, 17 Aug 2016 

Analog Devices Inc : Q3 non-GAAP earnings per share $0.82 . Q3 GAAP earnings per share $0.74 . Q3 earnings per share view $0.76 -- Thomson Reuters I/B/E/S . Q3 revenue $870 million versus I/B/E/S view $851.7 million . Co sees Q4 GAAP EPS $0.78 to $0.88 . Sees Q4 non-GAAP revenue $910 million to $970 million . Sees Q4 non-GAAP gross margin about 65.5 percent . Says board of directors has declared a cash dividend of $0.42 per outstanding share of common stock . Q4 earnings per share view $0.89, revenue view $935.0 million -- Thomson Reuters I/B/E/S . Sees Q4 Non GAAP earnings per share $0.84 to $0.94 .Sets quarterly cash dividend of $0.42per share.  Full Article

Linear Technology to pay Analog $490 mln, if merger is terminated
Saturday, 30 Jul 2016 

Linear Technology Corp : If merger agreement is terminated, Linear will be obligated to pay to Analog a termination fee equal to $490 million in cash .If merger agreement is terminated under certain circumstances Analog will be obligated to pay Linear a termination fee equal to $700 million in cash.  Full Article

S&P lowers Analog Devices rating to 'BBB' from 'A-' on acquisition plan
Wednesday, 27 Jul 2016 

S&P Global Ratings: Analog Devices Inc rating is lowered to 'BBB' from 'A-' on acquisition plan; outlook negative .Negative outlook reflects high initial leverage after the Linear acquisition and the potential integration and operation risk.  Full Article

Analog Devices to buy Linear Technology
Wednesday, 27 Jul 2016 

Analog Devices Inc : Sees Q3 diluted earnings per share to be in range of $0.71 to $0.72 . Transaction values Linear Technology at approximately $60.00 per share . Linear Technology shareholders to also get 0.2321 of share of Analog Devices stock for each share of Linear Technology common stock they hold . Expects to achieve $150 million of annualized run-rate cost synergies within 18 months post transaction close . Deal expected to be immediately accretive to Analog Devices' non-GAAP EPS and free cash flow . Post-Closing, Linear Technology shareholders will own approximately 16% of combined company on a fully-diluted basis . Following deal, Linear Technology brand will continue to serve as brand for Analog Devices' power management offerings . GAAP diluted earnings per share to be in range of $0.77 to $0.78 . J.P. Morgan, Bank of America Merrill Lynch, and Credit Suisse are providing committed debt financing for transaction . Says also intends to fund transaction with approximately $7.3 bln of new long term debt . Qatalyst partners is acting as exclusive financial advisor to Linear Technology, and Jones Day is serving as its legal advisor. . Wachtell, Lipton, Rosen & Katz and Wilmer Cutler Pickering Hale And Dorr Llp are serving as its legal advisors . Analog Devices and Linear Technology to combine creating the premier analog technology company . Linear Technology shareholders will receive $46.00 per share in cash.  Full Article

Auto, industrial chips boost Analog Device's profit, revenue beat

Chipmaker Analog Devices Inc on Tuesday reported a quarterly profit that beat analysts' estimates, led by demand from industrial, autonomous cars and connected devices market.