SweetBunFactory Investment action I recommended a buy rating for Analog Devices, Inc. (NASDAQ:ADI) when I wrote about it the last time. As I expected, FY24 to be the trough of this cycle, the business should start to see positive growth inflection. Based on my current outlook and analysis, I recommend a buy rating. 1Q24 performance reinforced my view that FY24 is likely to see a recovery, and FY25 should see growth accelerate. The strong gross margin performance, continued focus on driving down inventor ...

Sundry Photography In our previous coverage of Analog Devices, Inc. (NASDAQ:ADI), we examined the attributes of Maxim acquisition to ADI’s exceptional growth (64.2%) in 2022. Firstly, we expected ADI's analog market share to reach 17.2% in 2022, tying Texas Instruments for the highest in the industry. Secondly, we determined Maxim’s impact in ADI’s automotive segment, which drove over 100% growth in its automotive BMS portfolio. In addition, we calculated that Maxim was directly responsible for 41.7% of ...

WILMINGTON, Mass. and MUNICH, March 6, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI) and the BMW Group (Nasdaq: BMWYY) today announced an early adoption of E²B™, ADI's 10BASE-T1S Ethernet to the Edge bus technology within the automotive industry. Automotive Ethernet connectivity is a key enabler of new, zonal architectures in automotive design and supports automotive megatrends such as software-defined vehicles. The BMW Group will be a leading original equipment manufacturer (OEM) to implement the ...

Arthit Pornpikanet/iStock via Getty Images This week features a tremendous 27 new dividend increases, beating the already stellar week last week (which had 21). These include Dividend King Kimberly-Clark (KMB) and three champions. Kimberly-Clark extends its 52-year streak with a 3.4% increase. The companies have an average increase of 7% and a median of 5.9%. Read on for the complete lists! As an investor utilizing a dividend-growth strategy, I always look forward to receiving dividends, especially increase ...

The U.S. stock market has been fluctuating since the beginning of the year after a sharp rally in 2023. The euphoria surrounding technology stocks evaporated as the yield on the benchmark 10-Year U.S. Treasury Note returned northward, trading well above 4%.This was primarily owing to the uncertainty regarding the timing of the Fed’s first cut in the benchmark interest rate. Recently, several key Fed FOMC members said that although they believe that the rate hike regime is over, they are yet to be convinced ...

Analog Devices Inc (NASDAQ: ADI) just announced to have double downed on its partnership with Taiwan Semiconductor Mfg. Co. Ltd (NYSE: TSM). Shares of both firms are in the green at writing.Why did Analog expand partnership with TSMC?Copy link to sectionThe extended collaboration secures long-term wafer capacity for the multinational through Japan Advanced Semiconductor Manufacturing Inc. Kumamoto Prefecture based JASM is majority owned by TSMC. Vivek Jain – an executive vice president of $ADI said in a pre ...

Analog Devices, Inc. (NASDAQ:ADI) Q1 2024 Earnings Conference Call February 21, 2024 10:00 AM ET Company Participants Michael Lucarelli - VP, IR and FP&A Vincent Roche - CEO & Chairman Richard Puccio - CFO Conference Call Participants Joseph Moore - Morgan Stanley Stacy Rasgon - Bernstein Research Chris Danely - Citi Vivek Arya - Bank of America Merrill Lynch Harlan Sur - JPMorgan Toshiya Hari - Goldman Sachs William Stein - Truist Securities Timothy Arcuri - UBS CJ Muse - Cantor Fitzgerald Operator Good mo ...

Core Insights - Analog Devices Inc. (ADI) reported first-quarter fiscal 2024 adjusted earnings of $1.73 per share, exceeding the Zacks Consensus Estimate by 1.2%, but down 37% year-over-year [1] - Revenues reached $2.51 billion, surpassing the Zacks Consensus Estimate of $2.50 billion, but fell 23% compared to the same quarter last year [1] - The company experienced weakness in communications, consumer, and industrial markets, while automotive markets showed strong momentum [1] Revenue by End Markets - Industrial market revenues were $1.19 billion, accounting for 48% of total revenues, down 31% year-over-year, and missed the Zacks Consensus Estimate of $1.21 billion [2] - Communications market revenues were $302.57 million, representing 12% of revenues, a decrease of 37% from the previous year, and lagged behind the Zacks Consensus Estimate of $319 million [2] - Automotive market revenues totaled $739.16 million, making up 29% of revenues, up 9% year-over-year, and exceeded the Zacks Consensus Estimate of $697 million [2] - Consumer market revenues were $274.14 million, accounting for 11% of revenues, reflecting a 22% decline from the year-ago quarter, but beat the Zacks Consensus Estimate of $268 million [2] Operating Details - Adjusted gross margin contracted by 460 basis points year-over-year to 69% [3] - Adjusted operating expenses were $679.41 million, down 7.3% from the year-ago quarter, representing 27% of revenues, which is an increase of 440 basis points year-over-year [3] - Adjusted operating margin decreased by 910 basis points year-over-year to 42% in the reported quarter [3] Balance Sheet & Cash Flow - As of February 3, 2024, cash and cash equivalents were $1.3 billion, up from $958.1 million as of October 28, 2023 [4] - Long-term debt stood at $5.95 billion at the end of the first quarter, compared to $5.90 billion at the end of the previous quarter [4] - Net cash provided by operations was $1.14 billion in the reported quarter, down from $1.19 billion in the prior fiscal quarter [4] - ADI generated $916 million of free cash flow in the fiscal first quarter and returned $606 million to shareholders, with $426 million in dividends and $180 million in share repurchases [4] Guidance - For the second quarter of fiscal 2024, ADI expects revenues of $2.10 billion (+/- $100 million), below the Zacks Consensus Estimate of $2.40 billion [5] - Non-GAAP earnings are anticipated to be $1.26 (+/- $0.10) per share, compared to the consensus mark of $1.63 per share [5] - The company expects a non-GAAP operating margin of 37% (+/- 100 basis points) [5]

For the quarter ended January 2024, Analog Devices (ADI) reported revenue of $2.51 billion, down 22.7% over the same period last year. EPS came in at $1.73, compared to $2.75 in the year-ago quarter.The reported revenue represents a surprise of +0.54% over the Zacks Consensus Estimate of $2.5 billion. With the consensus EPS estimate being $1.71, the EPS surprise was +1.17%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Analog Devices Inc (NASDAQ: ADI) is trading down in premarket on Wednesday even though it came in slightly above Street estimates in its fiscal first quarter.This is a developing story. Figures missing below will be updated as received! Why is Analog Devices stock down today?Copy link to sectionInvestors are concerned also because the management issued muted guidance for the future. Analog Devices now forecasts $1.26 of adjusted per-share earnings on $2.10 billion in revenue.Analysts, in comparison, were at ...