$ADI (Analog Devices Inc)

$ADI {{ '2016-02-17T15:52:21+0000' | timeago}} • Webcast

$ADI's 1Q16 capital additions were $23MM or 3% of revenue. The company expects 2016 capital additions to be in the range of $130-150MM. $ADI's 1Q16-end cash and short-term investment balance was $3.8Bil with approx. $1.2Bil available domestically. The company had approx. $1.7Bil in debt outstanding, which resulted in net cash position of $2.1Bil.

$ADI {{ '2017-06-15T20:16:37+0000' | timeago}} • Announcement

Rick Hess, EVP of $ADI, has been named a Strategic Advisor reporting to CEO Vincent Roche. Greg Henderson was promoted to SVP - Automotive, Communications, and Aerospace & Defense. Yusuf Jamal was promoted to SVP - Industrial, Healthcare, Consumer, and IoT Solutions and Security. Steve Pietkiewicz has been promoted to SVP - Power Products.

$ADI {{ '2017-05-31T15:18:16+0000' | timeago}} • Webcast

$ADI said it has retained a search firm and is making good progress on the new CFO search. The company expects to have a replacement named by the end of FY17 at the latest.

$ADI {{ '2017-05-31T15:12:01+0000' | timeago}} • Webcast

On the integration of Linear Technology, $ADI stated that the company is focused on leveraging the combined strengths of both companies. Additionally, the company added that culturally it is in good shape and value around technology, business and customer are similar.

$ADI {{ '2017-05-31T15:04:23+0000' | timeago}} • Webcast

$ADI said the company expects its B2B markets to expand as a percentage of total revenue. Looking into 2018, the accretion from the Linear Technology deal is strong in 3Q17 of about 15% and give the synergies, $ADI expects the EPS accretion to accelerate into 2018.

$ADI {{ '2017-05-31T13:12:45+0000' | timeago}} • Infographic

$ADI Analog Devices Earnings AlphaGraphic: Q2 2017 Highlights

$ADI {{ '2017-05-31T12:39:03+0000' | timeago}} • Announcement

$ADI now sees 3Q17 revenue in the $1.34-1.42Bil range, with a gross margin of 52-54% generating a GAAP EPS of $0.02-0.17 on a tax rate of 49-86%. On a non-GAAP basis, revenue is expected in the $1.37-1.45Bil range, generating an EPS of $1.07-1.21.

$ADI {{ '2017-05-31T12:27:46+0000' | timeago}} • Announcement

Despite a 47% jump in revenue to $1.1Bil in 2Q17, $ADI's net income slipped to $93.6MM from last year's $170.6MM. Earnings fell to $0.27 per diluted share from $0.55 a share, while a contribution of $147.5MM from Linear Technology helped push the revenue up for the quarter.

$ADI {{ '2017-03-30T13:29:37+0000' | timeago}} • Announcement

Semiconductor company $ADI announced the acquisition of privately-held OneTree Microdevices, Inc.  Financial terms of the transaction were not disclosed.

$ADI {{ '2017-03-10T17:38:56+0000' | timeago}} • Announcement

$ADI said Robert Swanson, former Executive Chairman of $LLTC, has been elected to the $ADI BoD, effective immediately. As a result of the acquisition of $LLTC by $ADI, $LLTC's common shares have been delisted from the NASDAQ Global Select Market effective as of March 10, 2017.

$ADI {{ '2017-03-10T17:34:53+0000' | timeago}} • Announcement

$ADI has completed the acquisition of $LLTC. $ADI expects $LLTC to contribute $160-170MM in revenue to 2Q17. $ADI also sees its non-GAAP interest and other interest expense to be about $60MM in 2Q17, around $70MM in 3Q17, and approx $60MM per quarter thereafter.

$ADI {{ '2017-03-06T15:34:21+0000' | timeago}} • Announcement

$ADI revised its 2Q17 guidance and now expects revenue and EPS to be between the midpoint and high end of guidance. $ADI also said CFO David Zinsner will leave to pursue other opportunities, effective March 17, 2017. Effective March 18, 2017, Eileen Wynne, VP & Chief Accounting Officer, will take over as interim CFO until a successor is named.

$ADI {{ '2017-03-06T15:34:07+0000' | timeago}} • Announcement

$ADI has received regulatory approval from the Ministry of Commerce of China to complete its acquisition of Linear Technology Corporation. The acquisition is expected to close on March 10, 2017. Linear Technology stockholders will receive $46 in cash and 0.2321 of a share of $ADI common stock per share of Linear Technology common stock.

$ADI {{ '2017-02-15T16:11:14+0000' | timeago}} • Webcast

$ADI stated that in the automotive segment, the company is well positioned with its customers and across various applications. The company added that its infotainment business, power-train and battery control technologies grew double digits over the past year and $ADI is also continuing to invest heavily in the space.

$ADI {{ '2017-02-15T15:29:23+0000' | timeago}} • Webcast

$ADI said that for 2Q17, it expects the B2B markets of industrial, automotive & communications infrastructure in the aggregate to growth in the mid to high single digits sequentially and to increase in the high single digits YonY. In Consumer, $ADI expects normal seasonal patterns to prevail and is expected to decrease between 40-50% sequentially.

$ADI {{ '2017-02-15T15:25:15+0000' | timeago}} • Webcast

$ADI said it generated $286MM in free cash flow in 1Q17, up 46% YonY, while capital additions in the quarter totaled $28MM. The company is planning for the capital additions in 2017 to be in the range of $130-145MM.

$ADI {{ '2017-02-15T13:27:51+0000' | timeago}} • Announcement

$ADI's BoD approved a 7% increase in its quarterly cash dividend to $0.45 from $0.42 per outstanding share of common stock, representing an annual dividend per share of $1.80. The dividend will be paid on March 7, 2017 to all shareholders of record at the close of business on Feb. 24, 2017.

$ADI {{ '2017-02-15T13:26:09+0000' | timeago}} • Announcement

$ADI expects 2Q17 revenue of $870-950MM and non-GAAP EPS of $0.74-0.86. Non-GAAP gross margin is expected to rise in the 66.5-67% range. The company sees non-GAAP operating expenses to be down about 3% to up about 1% sequentially, non-GAAP interest and other expense of about $30MM and non-GAAP tax rate of about 8%.

$ADI {{ '2017-02-15T13:23:02+0000' | timeago}} • Announcement

$ADI reported a rise in 1Q17 earnings driven by higher revenue in its B2B markets of industrial, automotive, and communications infrastructure. Net income rose to $217.13MM or $0.69 per share from $164.5MM or $0.52 per share last year. Revenue grew to $984.45MM from $769.43MM. Non-GAAP EPS increased to $0.94 from $0.56.

$ADI {{ '2017-02-15T12:51:29+0000' | timeago}} • Announcement

$ADI selected $ARW as its strategic distribution channel partner operating globally. $ADI will retain its current regional distributor network but will employ $ARW as its sole global distribution channel partner.

$ADI {{ '2017-02-14T21:34:59+0000' | timeago}} • Announcement

$ADI's BoD voted to increase its quarterly dividend by 7% to $0.45 from $0.42 per outstanding share of common stock. The dividend is payable on March 7, 2017 to shareholders of record as of the close of business on Feb. 24, 2017.

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