Key PointsSemiconductor stocks, on a long-term uptrend since October 2022, are continuing their rally.Taiwan Semiconductor kicked off a fresh bout of buying after providing a higher-than-expected full-year outlook on AI-related revenue.Chip gear maker ASML gapped up after saying it expected 2024 to be a year of setting up for bigger increases in 2025. 5 stocks we like better than AlphabetSemiconductor stocks are on a long-term uptrend that began on October 22, with analysts seeing more room for the sector t ...

WILMINGTON, Mass.--(BUSINESS WIRE)--Analog Devices, Inc. (Nasdaq: ADI) today announced that Richard C. Puccio, Jr. will join the company on February 5, 2024 as Executive Vice President and Chief Financial Officer. In this role, Mr. Puccio will set ADI’s financial strategy and lead the company’s global finance operations. Mr. Puccio will report to CEO and Chair Vincent Roche. ​“Rich brings tremendous experience and capability from his more than three decades of leading financial advisory and high-growth b ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Analog Devices (ADI) is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed signal and digital signal processing (DSP) integrated circuits. The Zacks Consensus Estimate for its current year earnings has been revised almost 15.7% downward over the last 60 days.KB Financial Group (KB) is a commercial bank in Korea which provides credit and related financial services to individuals and small and mediu ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Amplifon (AMFPF) is a provider of hearing solutions and services. The Zacks Consensus Estimate for its current year earnings has been revised almost 18.2% downward over the last 60 days.Analog Devices (ADI) is an original equipment manufacturer of semiconductor devices, specifically, analog, mixed signal and digital signal processing (DSP) integrated circuits. The Zacks Consensus Estimate for its current year earnings has been revised ...

Core Insights - Analog Devices (ADI) has partnered with SambaNova Systems to implement the SambaNova Suite, an enterprise-scale generative AI platform aimed at enhancing field sales and customer enablement [1] - The partnership is expected to strengthen ADI's position in the industrial and automotive sectors, leveraging its analog and mixed-signal enterprise solutions [1] Competitive Landscape - ADI faces significant competition from companies like Synopsys and Intel, both of which are integrating generative AI into their semiconductor offerings [2] - Synopsys has partnered with Microsoft to launch Synopsys.ai Copilot, a generative AI-driven Electronic Design Automation suite [2] - Intel has formed Articul8 AI with DigitalBridge Group, providing a secure generative AI software platform optimized for enterprise customers [3] Financial Performance and Projections - The Zacks Consensus Estimate projects ADI's total revenues for 2024 at $61.14 billion, reflecting a year-over-year growth of 12.7% [4] - The consensus estimate for 2024 earnings is $1.85 per share, indicating a substantial year-over-year growth of 94.7% [4] Product Development and Investments - ADI has launched the Apollo MxFE platform, designed to accelerate design cycles and reduce costs for customers [4] - The company announced a €630 million investment in its European headquarters in Limerick, Ireland, which will enhance its wafer production capacity and create 600 new jobs [5] - ADI's introduction of a fully integrated open radio unit reference design platform allows for customization in hardware and software for radio units [6]

WILMINGTON, Mass. & PALO ALTO, Calif.--(BUSINESS WIRE)--Analog Devices, Inc. (Nasdaq: ADI), global semiconductor leader, and SambaNova Systems, makers of the only purpose-built, full-stack AI platform, announced that ADI is deploying SambaNova Suite to spearhead its global AI transformation, making AI pervasive enterprise-wide. “ADI is synonymous with innovation, and we have a legacy of technology leadership in bridging our physical and digital worlds for the benefit of our planet and its people,” said A ...

Olivier Le Moal I'm happy to be back writing articles here on Seeking Alpha. Due to some major life changes, I have taken a brief hiatus as of late, but I am looking forward to publishing articles frequently once again. As readers of my past articles may know, my investment philosophy and focus is centered around dividend growth investing (DGI) and long-term investments in stable, profitable companies. As I've grown as an investor, I have continued to gain knowledge on responsible and efficient compounding ...

Fahroni Investment action I recommended a buy rating for Analog Devices, Inc. (NASDAQ:ADI) when I wrote about it the last time, as I believed ADI was the leader in the energy storage and automotive electrification sectors. The ongoing progress made back then in innovation and positioning itself to be aligned with environmentally friendly transportation should drive growth and margin expansion. Based on my current outlook and analysis of ADI, I recommend a buy rating. I believe FY24 might be the trough for t ...

Analog Devices, Inc. (NASDAQ:ADI) 2023 UBS Global Technology Conference Call November 28, 2023 4:55 PM ET Company Participants Vincent Roche - Chairman and Chief Executive Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Good afternoon. We are going to start our next session and we are pleased to have Analog Devices for our next session and we are pleased to have Vincent Roche, CEO and the Chairman of the Board of Directors. So thank you, Vincent. Vincent Roche Thank you, Tim, for ha ...

Acquisition and Financial Transactions - The company completed the acquisition of Maxim Integrated Products, Inc. for a total consideration of approximately $28.0 billion in stock[13] - The company's floating rate debt would result in an annual interest expense change of $20.5 million for each 100 basis point increase in interest rates as of October 28, 2023[216] - A hypothetical 100 basis point increase in interest rates would increase the swap payable by approximately $57.0 million, with a corresponding adjustment to the carrying value of the related debt[218] - The company had $6.5 billion in principal amount of senior unsecured notes outstanding as of October 28, 2023, with a fair value of $5.3 billion[219] - An immediate 10% unfavorable movement in foreign currency exchange rates would result in approximately $66.5 million of losses in changes in earnings or cash flows over the course of the year as of October 28, 2023[222] - The fair value of forward exchange contracts as of October 28, 2023 would change to $49,284 after a 10% unfavorable movement in foreign currency exchange rates[225] Market Revenue Trends - Industrial market accounted for 53% of fiscal 2023 revenue, up from 51% in fiscal 2022[31] - Automotive market revenue increased to 24% of total revenue in fiscal 2023, up from 20% in fiscal 2022[31] - Communications market revenue decreased to 13% of total revenue in fiscal 2023, down from 16% in fiscal 2022[31] - Consumer market revenue decreased to 10% of total revenue in fiscal 2023, down from 13% in fiscal 2022[31] Product Portfolio and Engineering - The company has over 13,000 engineers, focusing on deepening customer-centricity and leveraging analog domain expertise[9] - The company's product portfolio includes more than 75,000 SKUs, with analog and mixed-signal products being the largest and most diverse category[21] Strategic Growth and Manufacturing - The company's strategy includes capitalizing on secular growth trends in digitized factories, mobility, digital healthcare, and climate change[10] - The company maintains manufacturing facilities primarily in the United States, Ireland, and Southeast Asia[11] Sales and Distribution - The company's sales channel includes a direct sales force, third-party distributors, and independent sales representatives in over 50 countries[26] - Sales to distributors in 2023 were $7.5 billion net of expected price protection credits and rights of return[233] - The liability balance for price protection credits and rights of return as of October 28, 2023, was $525.4 million, with the majority related to price protection credits[233] - The calculation of price protection credits involves subjective management assumptions about estimates, including contractual terms, historical experience, and future economic conditions[234] - Changes in assumptions about price protection credits can have a material effect on the amount recognized[234] - The company's controls over the calculation of price protection credits were evaluated and tested for appropriateness, completeness, and accuracy[235] - Audit procedures included inspecting contractual terms, testing underlying data, and evaluating significant assumptions used in the estimation of price protection credits[236] - The company's methods and assumptions for estimating price protection credits were compared to historical trends[236] - Sensitivity analyses were performed to assess the impact of significant assumptions on price protection credits[236] - The company's retrospective review analysis of actual price protection credits claimed by distributors was inspected and tested[236] - The company considered new information that could significantly change the estimated future price protection credits[236] Industrial and Automotive Solutions - The company is a leader in industrial automation, offering solutions in condition-based monitoring, industrial robotics, and motion control, with a focus on improving worker safety and manufacturing flexibility[32] - The automotive market focuses on high-performance signal processing solutions for infotainment, electrification, and autonomous applications, with products used in car audio, battery monitoring, and video processing[34] Instrumentation and Measurement - The instrumentation and measurement market includes applications such as automated test equipment, automotive and energy test, and life sciences, with products designed for evolving communications standards and electric vehicle efficiency[32] Aerospace and Defense - The aerospace/defense market requires high-performance ICs that meet rigorous environmental and reliability specifications, with products used in navigation systems, radar systems, and satellite communications[33] Healthcare and Energy Management - The healthcare market is evolving with a focus on preventative care and chronic condition management, with products used in ultrasound systems, X-ray equipment, and remote patient monitoring[34] - The energy management market is driven by global electrification efforts, with products used in electric vehicle charging infrastructure, renewable energy, and power transmission systems[34] Communications and Consumer Markets - The communications market benefits from the development of broadband and wireless infrastructures, with products used in cellular base stations, satellite broadband, and data center networking[34] - The consumer market addresses demand for high-quality entertainment systems, with products used in portable devices and prosumer audio/video equipment[36] Intellectual Property and Innovation - The company holds approximately 4,842 U.S. patents and 416 pending U.S. patent applications as of October 28, 2023, with a focus on technological innovation and intellectual property protection[45] Sustainability and Environmental Goals - The company aims to achieve carbon neutrality by 2030 and net zero emissions by 2050, with a water recycling rate target of at least 50% in manufacturing facilities by 2025[46] Workforce and Employee Engagement - The company has approximately 26,000 employees as of October 28, 2023, with 13,000 in engineering roles. The workforce is 60% male and 40% female, while senior leadership is 73% male and 27% female. The voluntary employee turnover rate for fiscal 2023 was 7.6%[55] - The company's latest employee survey in fiscal 2022 had a participation rate of over 83%, indicating strong employee satisfaction in areas such as purpose, respectful treatment, and commitment to diversity/inclusion[57] - The company's compensation philosophy includes a combination of fixed and variable pay, including base salary, bonuses, performance awards, and equity compensation[56] - The company's ESG Report 2022 details sustainability efforts, operations efficiency, employee engagement, and governance, with initiatives to drive continuous improvements in diversity and inclusion[54] Cybersecurity and Risk Management - The company has not experienced a material security breach in the last three years and has not incurred any net expenses from such breaches[52]