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Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:08 EDTHITT, ADIAnalog Devices completes tender offer for Hittite Microwave shares
Analog Devices (ADI) announced it has completed its tender offer to purchase all outstanding shares of common stock of Hittite Microwave Corporation (HITT) for $78.00 per share in cash, and ADI has accepted for payment and will promptly pay the depositary for all validly tendered shares. ADI expects to complete the acquisition of Hittite Microwave later today and will issue a press release to notify stakeholders. The tender offer expired at 12:00 midnight, New York City time, at the end of July 21, 2014. As of the expiration of the tender offer, 23,291,991 shares of Hittite Microwave common stock had been validly tendered and not validly withdrawn, representing approximately 74.2% of Hittite Microwave’s outstanding shares of common stock.
News For ADI;HITT From The Last 14 Days
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August 20, 2015
10:28 EDTADIOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX
10:00 EDTADIOn The Fly: Analyst Downgrade Summary
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07:35 EDTADIAnalog Devices downgraded to Reduce from Neutral at Nomura
As previously reported, Nomura downgraded Analog Devices (ADI) to Reduce from Neutral. The firm expects consumer revenues to increase to 30% in the October quarter, up from 12% one year ago, driven by Apple (AAPL). The firm believes Apple's contribution isn't worth more than 8-10x earnings or $10 per share, suggesting that at $59, the core business is trading at 22x earnings, suggesting shares are overvalued versus the group that has a multiple of 19x.
06:02 EDTADIAnalog Devices downgraded to Reduce from Neutral at Nomura
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August 19, 2015
10:00 EDTADIOn The Fly: Analyst Upgrade Summary
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09:19 EDTADIOn The Fly: Pre-market Movers
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07:52 EDTADIAnalog Devices growth being driven by Apple, says Jefferies
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06:58 EDTADIAnalog Devices upgraded to Buy from Neutral at SunTrust
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