Analog Devices acquires Multigig Analog Devices announced that it has acquired Multigig, a company specializing in high-performance clocking technology. The acquisition will enhance ADI's clocking capabilities in stand-alone and embedded applications. Analog Devices acquired Multigig in a cash transaction completed on March 30. The engineers will become part of ADI's existing clock design team and will move to ADI's San Jose, CA facility.
Analog Devices secured design win in next iPhone, says Citi Citi analyst Christopher Danely says he believes Analog Devices (ADI) has secured a design win in the next generation Apple (AAPL) iPhone. The win could contribute $160M in revenue and 10c in earnings per share in 2016, Danely tells investors today in a research note. He upped his price target for Analog shares to $66 from $55 but keeps a Neutral rating on the name. The analyst believes the Apple design win is already priced in with shares trading at 22 times his 2016 earnings estimate. Danely cites valuation for his Neutral rating on the stock.