Tag Archives: adi

Analog Devices Fiscal Q4 Beats, Q1 Guidance Tepid

Analog Devices (ADI) late Tuesday reported fiscal Q4 earnings that topped analysts’ expectations, but its sales guidance for the current quarter missed. The Norwood, Mass.-based analog chipmaker forecast fiscal Q1 earnings per share excluding items of 58 to 64 cents, up 18% to 31% from the year-earlier quarter. The company anticipates revenue of $745 million to $775 million, up 19% to 23% compared with the same quarter a year ago. Analysts polled

Analog Devices, ON Semi Downgraded By JPMorgan

JPMorgan downgraded Analog Devices (ADI) and ON Semiconductor (ONNN) stocks to neutral from overweight on Tuesday, citing slower growth and stock underperformance. At the same time, the equity research firm said in a report Tuesday that the semiconductor industry “has entered a more stable and less cyclical growth phase.” “We are downgrading Analog Devices and ON Semiconductor from overweight to neutral as our overweight-rated thesis has not

Synaptics leaps on Renesas deal as sector M&A heats up

The $475 million purchase of Renesas SP Drivers by Synaptics is just the latest in a flurry of mergers and acquisitions in the chip industry as companies hone their focus on key markets. Touch-screen chipmaker Synaptics (SYNA) late Tuesday announced plans to buy the Japan-based maker of display driver chips for mobile devices. Synaptics hopes the Renesas deal will lead to an integrated touch-and-display driver product for smartphones and tablets. Wall Street was enthused by the deal. Synaptics (SYNA) stock was up 27% in afternoon trading on the stock market today, at an all-time high near 84.50. The Synaptics deal is one of several recently in the semiconductor field. On Monday, Analog Devices (ADI) announced its intent to buy Hittite Microwave (HITT) for about $2 billion. Analog Devices expects the deal to close at the end of its fiscal third quarter, the company said in a news release. Analog Devices…