ADI - Analog Devices, Inc.
118.01 0.00 (0.00%)
After hours: 4:52PM EDT
| Previous Close | 117.25 |
| Open | 116.19 |
| Bid | 118.05 x 1100 |
| Ask | 118.01 x 800 |
| Day's Range | 113.81 - 118.27 |
| 52 Week Range | 79.08 - 127.39 |
| Volume | 6,212,262 |
| Avg. Volume | 2,516,015 |
| Market Cap | 43.478B |
| Beta (5Y Monthly) | 1.35 |
| PE Ratio (TTM) | 39.46 |
| EPS (TTM) | 2.99 |
| Earnings Date | Aug. 19, 2020 |
| Forward Dividend & Yield | 2.48 (2.12%) |
| Ex-Dividend Date | May 28, 2020 |
| 1y Target Est | 129.71 |
- Newsfile
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of Analog Devices, Inc. with Maxim Integrated Products, Inc. Is Fair to ADI Shareholders
New York, New York--(Newsfile Corp. - July 14, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7091/59750_2447eb8c94bde915_001full.jpgTo: All Persons or Entities who purchased Analog Devices, Inc. ("Analog" or the "Company") (NASDAQ: ADI) stock prior to July 13, 2020.You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Analog with Maxim Integrated ...
- Zacks
Chip ETFs in Focus on Analog Devices Deal to Buy Maxim
Analog Devices plans to acquire rival semiconductor Maxim Integrated Products for $21 billion in an all-stock deal.
- Motley Fool
Why Inseego Stock Popped Today
Shares of the 5G stock gained on news of a deal between Analog Devices and Maxim Integrated Products.
- Motley Fool
Why Shares of Maxim Integrated Products Jumped Today
Shares of Maxim Integrated Products (NASDAQ: MXIM) jumped on Monday after the semiconductor company reported preliminary fourth-quarter results and announced that it had agreed to be acquired by Analog Devices (NASDAQ: ADI) in an all-stock deal. Shares of Maxim were up about 11% at 12:35 p.m. EDT, while shares of Analog Devices were down 4%. Along with the preliminary results, Maxim and Analog Devices announced a deal that will combine the two companies.
- Bloomberg
Analog Devices to Buy Rival Maxim in $21 Billion Chip Deal
(Bloomberg) -- Analog Devices Inc. agreed to acquire rival Maxim Integrated Products Inc. for $20.9 billion in stock, heralding what may develop into a new round of consolidation in the $400 billion semiconductor industry.Analog Devices will pay 0.63 share for each Maxim share, representing a 22% premium to Maxim’s closing share price on Friday, the two companies said in a statement early Monday. Analog Devices shareholders will own about 69% of the combined company, which will be valued at about $68 billion including debt, the companies said.The acquisition of San Jose, California-based Maxim creates a larger rival for Texas Instruments Inc. in the market for analog and embedded processor chips, crucial components in the spread of computing and intelligence to everyday devices. Analog Devices shares slipped 4.3% to $119.16 at 11:36 a.m. in New York. Maxim was up 11% to $71.02.After a lull in such combinations caused by trade tension between China and the U.S. and regulatory holdups, Nvidia Corp. won approval for its acquisition of Mellanox Technologies Ltd. in the Asian country earlier this year, creating new confidence that deals such as the Maxim purchase can go ahead. Analog Devices Chief Executive Officer Vince Roach said he’s confident the transaction will close within a year.“The skills that we have are becoming increasingly scarce,” he said in an interview. “Now we have 10,000 engineers to point at a $60 billion opportunity. It brings us more scope.”Analog Devices also raised its revenue forecast for the current quarter to about $1.45 billion from an earlier target of about $1.32 billion. Profit will be about 91 cents a share compared with an earlier target of 72 cents.Acquisitions in general are starting to return after several quiet months while companies dealt with the fallout from the Covid-19 pandemic. The move by Analog Devices comes on the heels of Uber Inc. announcing a $2.65 billion deal for Postmates Inc., Allstate Corp. agreeing to a record $4 billion takeover of National General Holdings Corp. and Warren Buffett’s Berkshire Hathaway Inc. spending roughly the same amount on a gas pipeline and storage assets.Some chip deals have either been delayed or abandoned if they require approval in China, the world’s largest market for semiconductors. The U.S. is home to the biggest chunk of the world’s producers of the electronic components.Roach said he chose to go with a stock-based transaction rather than cash to reduce the possible impact of volatility in the market for his products caused by the pandemic. While he’s known his counterpart at Maxim, Tunc Doluca, for years, the two never met face-to-face during the negotiations.The transaction isn’t about cost cutting, Roach said. Maxim will give ADI more scope and abilities in markets such as automotive, communications - where it will add more fixed-line assets, and digital healthcare, he said.Analog Devices is currently less than half the size of market leader Texas Instruments by revenue. While Maxim wouldn’t allow it to close the gap totally, it would broaden the range of products in the analog portfolio, something that Texas Instruments has touted as helping to cement its dominance.All three companies specialize in analog and embedded computing components. Once a sleepy backwater of the industry, this segment has enjoyed a resurgence as the list of uses and customers has grown in recent years. Analog chips convert real-world things like sound and pressure into electronic signals, and the rush to add automation to factory equipment and buildings and to move cars toward a world where they won’t need human drivers has stirred new demand.It’s also a very profitable area of the chip industry. Analog Devices and Maxim have gross margins, or the percentage of sales remaining after deducting the cost of goods sold, in the region of 65%.Since 2015, the Philadelphia Stock Exchange Semiconductor Index has tripled in value. The benchmark index now has a market capitalization of more than $1.5 trillion. Over that same period, chip companies have been increasingly consolidating to help them lower costs and serve customers that have done the same. Their earnings have become more predictable and their cash generation has provided them with war chests and the ability to carry debt they couldn’t have sustained in the past.(Updates with CEO comments)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
Analog Devices (ADI) Eyes Maxim to Strengthen Chip Portfolio
Analog Devices (ADI) is in advanced talks to acquire Maxim in a bid to expand footprint in the semiconductor industry.
- Bloomberg
A $21 Billion Chip Deal Messes With Texas Instruments
(Bloomberg Opinion) -- The boring part of the chip market is getting more interesting. For Texas Instruments Inc., that means stiffer competition from a stronger rival. Early Monday, Analog Devices Inc. announced a definitive agreement to acquire Maxim Integrated Products Inc. for about $21 billion in an all-stock deal that works out to a 22% premium to Maxim’s close on Friday. Maxim shareholders will get 0.63 share of Analog stock for each share they own, resulting in 31% ownership of the combined company. The transaction is expected to be completed in the summer of 2021 and is subject to regulatory and shareholder approvals.The deal would combine the No. 2 and No. 3 players in analog chips, one of the less sexy and more workaday corners of the semiconductor market. According to Bernstein, the category accounted for 13%, or about $54 billion, of the global $412 billion chip market last year. Analog chips have the specific function of converting physical world signal — including sound, temperature and pressure — into digital data. Compared to microprocessors — which are updated annually, cost up to hundreds of dollars per unit and require the latest bleeding-edge expensive chip manufacturing technologies — analog chips are very different. A typical analog product design can have a shelf life of many years, and they are inexpensive, often selling for less than a dollar each. And because they are also easier to make, they have high profit margins.But there are downsides for this segment of late. Analog-chip companies have faced growth challenges and have under-performed as a result. Shares of Texas Instruments, Analog and Maxim have risen less than 5% this year through July 10, versus a double-digit gain for the Philadelphia Semiconductor Index. The main problem is analog’s end markets are broad-based and account for the “nuts and bolts” basic chips used in all industry sectors – such as automotive and industrial. As such, they are beholden more to general economic trends. Wall Street analysts estimate fiscal 2020 sales declines of 14%, 12% and 7% for Texas Instruments, Analog and Maxim, respectively. In contrast, analysts forecast Nvidia Corp. – which makes digital chips for the surging growth applications of gaming, cloud-computing and artificial intelligence – will generate 33% revenue growth this year. Investors have taken note, bidding up Nvidia’s stock price roughly 80% this year.Given all that, it’s not surprising that a secondary player in the market such as Analog would feel compelled to do something to improve its fortunes. The classic consolidation playbook of expense savings will have to do. The company said it will be able generate $275 million of cost synergies by the end of the second year following the deal’s close, adding the merger will be accretive to earnings within 18 months.More importantly, ADI-Maxim would create a stronger No. 2 player in the “standard linear,” or non-customized, analog chip market behind Texas Instruments. The new merged company would get scale benefits to spread out its chip design expenditures to a larger revenue base, improving profitability. To illustrate the potential, Texas Instruments, which generates more than double the sales of its rival, spent just 11% of its revenue for research & development last year, versus 19% for Analog. Further, a combined company would have more pricing power with customers.On a financial basis a deal makes sense. What about the regulatory risk? Amid the heightened political environment surrounding the technology industry, there will be some antitrust scrutiny. But as the deal would make a No. 2 player stronger, versus adding to Texas Instrument’s pole position, and because the end consumer likely won’t directly see price hikes, approval from Western regulators shouldn’t be difficult. The main barrier could be China. If geopolitical tensions between the U.S. and Asian country escalate in the coming months, the approval process for U.S. corporate deals may get arduous.But except for that risk, shareholders in the two companies should rejoice over the prospect of this merger.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- TechCrunch
Analog Devices to acquire rival chipmaker Maxim Integrated for $21 billion
Analog Devices didn't waste any time kicking off the week with a bang when it announced this morning it was acquiring rival chipmaker Maxim Integrated Products for $20.91 billion (according to multiple reports). The deal, which has already been approved by both company's boards, would create a chip making behemoth worth $68 billion, according to Analog. The idea behind the transaction is that bigger is better and the combined companies will increase Analog's revenue by $8.2 billion.
- Reuters
Chipmaker Analog Devices to buy rival Maxim for about $21 billion
The deal, which is also ADI's biggest, will create a chipmaking force with a combined enterprise value of about $68 billion that will compete with larger rivals including Texas Instruments <TXN.O>. ADI Chief Executive Vincent Roche told Reuters in an interview the combined engineering teams would help the resulting company design more specialized, higher-margin chips for customers such as automakers.
- Business Wire
Analog Devices Announces Combination with Maxim Integrated, Strengthening Analog Semiconductor Leadership
Analog Devices, Inc. (Nasdaq: ADI) and Maxim Integrated Products, Inc. (Nasdaq: MXIM) today announced that they have entered into a definitive agreement under which ADI will acquire Maxim in an all stock transaction that values the combined enterprise at over $68 billion2. The transaction, which was unanimously approved by the Boards of Directors of both companies, will strengthen ADI as an analog semiconductor leader with increased breadth and scale across multiple attractive end markets.
- Business Wire
Analog Devices Raises Third Quarter Fiscal 2020 Guidance
Analog Devices, Inc. (Nasdaq: ADI), a leading global high-performance analog technology company, today provided updated financial guidance for the third quarter of fiscal 2020.
- FX Empire
Analog Devices in Advance Talks to Acquire Maxim Integrated; Analysts Optimistic on Outlook
Analog Devices Inc said it is in advance talks to buy Maxim Integrated for over $17 billion, reported the Wall Street Journal, citing people familiar with the matter.
- Bloomberg
Analog Devices Near Deal to Buy Maxim for $17 Billion
(Bloomberg) -- Analog Devices Inc. is close to an all-stock agreement to acquire Maxim Integrated Products Inc., according to people familiar with the matter.The semiconductor companies are talking about a deal that values San Jose, California-based Maxim at more than its current market capitalization of roughly $17 billion. Norwood, Mass.-based Analog has a market value of $46 billion and also has a large office in the San Jose area. The deal could be announced as early as Monday, though discussions could still fall apart, said the people, asking not to be named discussing private negotiations.Representatives for Analog Devices and Maxim declined to comment. The Wall Street Journal first reported the negotiations.Acquisitions are starting to return after a lull of several months caused by the Covid-19 pandemic. This comes on the heels of Uber Inc. announcing a $2.65 billion deal for Postmates Inc., Allstate Corp. agreeing to a record $4 billion takeover of National General Holdings Corp. and Warren Buffett’s Berkshire Hathaway Inc. spending roughly the same amount on a gas pipeline and storage assets.Some chip deals have either been delayed or abandoned if they require approval in China, the world’s largest market for semiconductors. The process has been complicated by the ongoing trade war between China and the U.S.Analog Devices is currently less than half the size of market leader Texas Instruments Inc. by revenue. While Maxim wouldn’t allow it to close the gap totally, it would broaden the range of products in the analog portfolio, something that Texas Instruments has touted as helping to cement its dominance.All three companies specialize in analog and embedded computing components. Once a sleepy backwater of the industry, this segment has enjoyed a resurgence as the list of uses and customers has grown in recent years. Analog chips convert real-world things like sound and pressure into electronic signals, and the rush to add automation to factory equipment and buildings and to move cars toward a world where they won’t need human drivers has stirred new demand.It’s also a very profitable area of the chip industry. Analog Devices and Maxim have gross margins, or the percentage of sales remaining after deducting the cost of goods sold, in the region of 65%.Since 2015, the Philadelphia Stock Exchange Semiconductor Index has tripled in value. The benchmark index now has a market capitalization of more than $1.5 trillion. Over that same period, chip companies have been increasingly consolidating to help them lower costs and serve customers that have done the same. Their earnings have become more predictable and their cash generation has provided them with war chests and the ability to carry debt they couldn’t have sustained in the past.(Updates with further details from fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Reuters
Chipmaker Analog Devices in advanced talks to buy Maxim Integrated-sources
The acquisition would expand Analog Devices' offerings in applications such as autonomous vehicles and 5G telecommunications networks. The deal under negotiation calls for Maxim shareholders to be paid in Analog Devices stock rather than cash, allowing them to share in the upside of combined company's shares, the sources said. It has a market capitalization of $45.9 billion.
- ACCESSWIRE
SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Maxim Integrated Products, Inc. (NasdaqGS - MXIM)
BALA CYNWYD, PA / ACCESSWIRE / July 13, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Maxim Integrated Products, Inc. ("Maxim" ...
- Yahoo Finance Video
Pepsico beats estimates, Analog Devices buying Maxim
Yahoo Finance’s Emily McCormick breaks down Pepsico’s second quarter earnings report. In addition, McCormick breaks down the details of a recent deal in the chipmaker sector, Analog Devices’s purchase of Maxim Integrated in an all-stock deal.
- Thomson Reuters StreetEvents
Edited Transcript of ADI earnings conference call or presentation 20-May-20 2:00pm GMT
Q2 2020 Analog Devices Inc Earnings Call
- Simply Wall St.
Analog Devices, Inc.'s (NASDAQ:ADI) Stock Is Going Strong: Have Financials A Role To Play?
Analog Devices''s (NASDAQ:ADI) stock is up by a considerable 33% over the past three months. We wonder if and what...
- Zacks
Why Is Analog Devices (ADI) Up 10.6% Since Last Earnings Report?
Analog Devices (ADI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
University of Limerick and Analog Devices Announce Scholarship Programs
Peter Real Analog Devices Bernal Fulbright PhD and Undergraduate Scholarships Honor Company’s Late CTO
- Business Wire
Analog Devices to Participate in the Stifel 2020 Cross Sector Insight Conference
Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s President and Chief Executive Officer, Vincent Roche, will speak at the Stifel 2020 Cross Sector Insight Conference to be held virtually on Monday, June 8, 2020, at 2:00 p.m. Eastern time.
- Business Wire
Analog Devices to Participate in the Bank of America Securities 2020 Global Technology Conference
Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s Senior Vice President, Finance and Chief Financial Officer, Prashanth Mahendra-Rajah, will speak at the Bank of America Securities 2020 Global Technology Conference to be held virtually on Tuesday, June 2, 2020, at 1:00 p.m. Eastern time.
- Motley Fool
This Dividend Stock Doesn't Look Like an Attractive Bet Right Now
The chipmaker pays a nice dividend, but a closer look at its financial performance tells us that there are better options out there.
- Business Wire
Analog Devices to Participate in Bernstein’s Annual Strategic Decisions Conference
Analog Devices, Inc. (Nasdaq: ADI) today announced that the Company’s President and Chief Executive Officer, Vincent Roche, will speak at Bernstein’s 36th Annual Strategic Decisions Conference to be held virtually on Wednesday, May 27, 2020, at 11:00 a.m. Eastern time.
