Key Developments: Analog Devices Inc (ADI.OQ)

ADI.OQ on NASDAQ Stock Exchange Global Select Market

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27 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Analog Devices Inc announces commencement of tender offer for all outstanding shares of Hittite Microwave Corp
Monday, 23 Jun 2014 08:00am EDT 

Analog Devices Inc:Has commenced a tender offer to purchase all outstanding shares of common stock of Hittite Microwave Corp for $78.00 per share in cash.The tender offer is being made pursuant to the merger agreement entered into and announced by ADI and Hittite on June 9.American Stock Transfer & Trust Company, LLC is acting as depositary for the tender offer, and WilmerHale is acting as legal counsel to ADI.  Full Article

Analog Devices Inc reaffirms Q3 2014 guidance - Conference Call
Monday, 9 Jun 2014 08:00am EDT 

Analog Devices Inc:Says for Q3 2014 it continue to expect business to perform in line with guidance provided on May 20, Which is for revenue to increase in the range of 1 pct to 5 pct and for diluted earnings per share, excluding any one-time items, to be in range of $0.60 to $0.64.Reported a revenue of $694.54 million in Q2 2014.Q3 2014 revenue of $716.09 million and EPS of $0.63 - Thomson Reuters I/B/E/S.  Full Article

Analog Devices Inc to acquire Hittite Microwave Corporation
Monday, 9 Jun 2014 07:00am EDT 

Analog Devices Inc and Hittite Microwave Corporation:Enters into definitive agreement whereby Analog Devices will acquire Hittite for $78 per share in cash.Agreement reflects total enterprise value for Hittite of about $2 bln.Analog Devices Inc expects to fund acquisition through a combination of cash on hand and short-term debt financing.Credit Suisse acted as exclusive financial advisor to Analog Devices, and WilmerHale served as its legal advisor.Deutsche Bank acted as exclusive financial advisor to Hittite.Foley Hoag acted as legal advisor.  Full Article

Analog Devices Inc gives Q3 2014 guidance above analysts' estimates
Tuesday, 20 May 2014 04:04pm EDT 

Analog Devices Inc:Says for Q3 2014 revenue estimated to increase 1 pct to 5 pct sequentially.Estimates Q3 2014 diluted EPS estimated at $0.60 to $0.64.Reported a revenue of $695 million in Q2 2014.Q3 2014 revenue of $695 million and EPS of $0.60 - Thomson Reuters I/B/E/S.  Full Article

Analog Devices Inc gives Q2 2014 guidance in line with analysts' estimates
Tuesday, 18 Feb 2014 04:05pm EST 

Analog Devices Inc:Estimates Q2 2014 revenue to be in the range of $660 million to $680 million.Estimates Q2 2014 diluted EPS at $0.54 to $0.58.Q2 2014 revenue of $664 million - Thomson Reuters I/B/E/S.Q2 2014 EPS of $0.55 - Thomson Reuters I/B/E/S.  Full Article

Analog Devices Inc increases quarterly cash dividend 9 pct to $0.37 per share and increases share buyback authorization to $1 bln
Tuesday, 18 Feb 2014 04:01pm EST 

Analog Devices Inc:Increases its quarterly dividend by 9 pct to $0.37 from $0.34 per outstanding share of common stock.Approves an increase to the company's share repurchase authorization to $1 billion.As of Feb. 1, 2014, the company had $443 million remaining under its previous authorization.The increase is effective with the dividend payable on Mar. 11, 2014 to shareholders of record as of the close of business on Feb. 28, 2014.  Full Article

Analog Devices Inc declares fourth quarter dividend
Tuesday, 26 Nov 2013 04:01pm EST 

Analog Devices Inc:Says the Board declares a cash dividend of $0.34 per outstanding share of common stock.Says the dividend will be paid on Dec. 17 to all shareholders of record at the close of business on Dec. 6.  Full Article

Analog Devices Inc comments on Q1 2014 revenue guidance; issues Q1 2014 EPS guidance
Tuesday, 26 Nov 2013 04:00pm EST 

Analog Devices Inc:Sees first quarter of 2014 revenue to decrease in the range of -5 percent to -10 percent:Sees Diluted EPS estimated at $0.44 to $0.52.First quarter 2014 earnings of $0.56 per share and revenues of $680.61 million Thomson Reuters I/B/E/S Estimates.  Full Article

Analog Devices Inc Completes Sale Of Microphone Product Line To InvenSense, Inc
Friday, 1 Nov 2013 04:10pm EDT 

Analog Devices, Inc announced that it has completed the previously-announced sale of the assets of its microphone product line to InvenSense, Inc. The total cash consideration of $100 million paid to ADI includes the purchase price for the acquired assets related to analog and digital output microphones, as well as certain support operations. ADI will record a one-time gain in the fourth quarter of fiscal year 2013 related to this transaction.  Full Article

Analog Devices Inc To Sell Microphone Product Line To InvenSense, Inc
Monday, 14 Oct 2013 04:10pm EDT 

Analog Devices, Inc announced that it has signed a definitive agreement to sell the assets of its microphone product line to InvenSense, Inc. InvenSense will acquire the assets related to analog and digital output microphones, as well as certain support operations, for $100 million in cash. These microphones were primarily used in consumer applications and are expected to represent less than one percent of ADI's total revenue in the fourth quarter of fiscal year 2013, which ends November 2, 2013.  Full Article

Texas Instruments tipped as chip industry's next consolidator

NEW YORK - Texas Instruments Inc (TI) could be gearing up to make the next big deal in what has already been a record-breaking year for semiconductor M&A, industry bankers and analysts said.

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