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March 4, 2013
08:33 EDTADIAnalog Devices upgraded to Strong Buy from Buy at ISI Group
ISI Group upgraded Analog Devices as the firm has greater conviction in the scope and durability of the current semiconductor recovery, especially within the industrial vertical. Target $52.
News For ADI From The Last 14 Days
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December 1, 2015
14:51 EDTADIAugmented reality to overtake smartphones in 10 years, Citi says
Virtual reality devices and similar "augmented reality" gadgets could become the new smartphone in just one decade, Citi researcher Kota Ezawa argued Tuesday, building on a growing volume of analyst opinions on the promising new technologies. CONSUMER ELECTRONICS SHIFT: Virtual reality and augmented reality devices will eventually generate "major new markets that replace the smartphone" in a process of "destructive creation," Citi analyst Kota Ezawa and his team contended in a research note. Current virtual reality gadgets involve large headset "goggles" aiming to completely immerse a user in a virtual space, while augmented reality technology seeks to overlay or superimpose images and data over objects in the real world. AR, seemingly the more portable and compact of the two approaches, allows users to move, work, and perform everyday tasks while still making use of the tech. Though VR goggles offer greater immersion, AR devices seem to be the more obvious bridge between smartphones and truly wearable computers, leading Ezawa to forecast the AR market ultimately becoming larger than VR. That said, the mobility of AR also creates greater technical hurdles, as the need to embed processors and batteries within the wireless headset while still displaying high-quality, convincing imagery means the technology has a longer development horizon than VR, which can offload much of its processing requirements to a stationary computer or game console. Early versions of AR are expected to appear in 2016-2017, according to Ezawa, though full-featured systems are unlikely to be available before 2019-2022. Both technologies have numerous applications, said the analyst, with early content being primarily games and movies before expanded offerings involving theme parks, live events, remote medicine, job tasks, and, notably, significant e-commerce and mobile commerce applications. With the VR/AR market "set to ramp up" from 2016, Ezawa sees the space reaching $674B in 2025 as the average price of headsets declines to $227 by the mid-2020s. The analyst's main recommendation in the space is Sony (SNE), whose Playstation VR headset is scheduled for a 1H16 launch. Other key names in headset development include Facebook's (FB) Oculus virtual reality subsidiary and Samsung (SSNLF). Note also Microsoft's (MSFT) Hololens and Google's (GOOG) Project Glass. Meanwhile, LG Display (LPL) and Analog Devices (ADI) are among hardware names with exposure to VR/AR, while Live Nation (LYV), Disney (DIS), Time Warner (TWX), Fox (FOXA), SAP (SAP) and Salesforce (CRM) are among software and service providers that may benefit. PRICE ACTION: Sony shares trading in New York have advanced roughly 1.4% to $26.29 in afternoon trading.
November 30, 2015
10:09 EDTADIOptions with decreasing implied volatility
Options with decreasing implied volatility: TERP PTCT ODP NMBL BURL BRCM ADI BMRN ENDP TIF
November 25, 2015
08:42 EDTADIAnalog Devices well positioned for 2016, says Baird
Baird said Analog Devices remains well positioned to retain its position at the tier-one smartphone OEM in 2016, which should drive at least 15% in incremental revenue versus previous design wins. Baird reiterated its Outperform rating and $68 price target on Analog Devices shares.
November 24, 2015
09:49 EDTADIAnalog Devices moves higher after results
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09:24 EDTADIOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Baozun (BZUN), up 7.3%... Analog Devices (ADI), up 4.3%. ALSO HIGHER: Boulder Brands (BDBD), up 8.4% after Pinnacle Foods (PF) announced that it will acquire the company for $11.00 per share... Sunedison (SUNE), up 18% after the Economic Times reported that the company plans place 400MW of upcoming solar capacity on sale... Avon Products (AVP), up 7.5% after being upgraded to Buy from Neutral at Citi... Valeant (VRX), up 2.1% after Pershing Square increases stake in the company to 9.9%... Xerox (XRX), up 2.3% after Carl Icahn reported a 7.13% stake in the company. DOWN AFTER EARNINGS: Signet Jewelers (SIG), down 6.2%... Tiffany (TIF), down 2.9%... Brocade Communications (BRCD), down 7.2%. ALSO LOWER: UniPixel (UNXL), down 44.6% after the company prices a common stock and warrant offering... U.S. Steel (X), down 4% after announcing that it will idle its Granite City Works operations.
08:04 EDTADIAnalog Devices sees Q1 adjusted EPS 65c-73c, consensus 71c
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08:04 EDTADIAnalog Devices reports Q4 adjusted EPS $1.03, consensus 83c
Reports Q4 revenue $978.72M, consensus $909.98M.
November 23, 2015
15:28 EDTADINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Analog Devices (ADI), consensus 83c... Hormel Foods (HRL), consensus 69c... Dollar Tree (DLTR), consensus 53c... Campbell Soup (CPB), consensus 76c... Signet Jewelers (SIG), consensus 39c... Tiffany (TIF), consensus 75c... Valspar (VAL), consensus $1.31... Patterson Companies (PDCO), consensus 60c... Eaton Vance (EV), consensus 59c...Burlington Stores (BURL), consensus 23c... Cracker Barrel (CBRL), consensus $1.59.
14:29 EDTADIAnalog Devices volatility flat into Q4 and outlook
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10:17 EDTADIHigh option volume stocks
High option volume stocks: TRQ SIG XRT NXST NGD PSTG GME ONTY ADI JEC
November 17, 2015
10:33 EDTADICiti says Xilinx, not Maxim, likely to be acquired
According to Citi, analog chip maker Maxim Semiconductor (MXIM) probably won't be acquired, despite Bloomberg reports which stated that Texas Instruments (TXN) and Analog Devices (ADI) had held talks about potentially buying the company. The firm sees Xilinx (XLNX) as the only large cap chip maker remaining that has "all of the attributes of a good takeover target." WHAT'S NEW: The only two companies capable of buying Maxim are Texas Instruments and Analog Devices, Citi analyst Christopher Danely wrote in a note to investors today. However, Maxim's valuation is too high for Texas Instruments and the deal would be too big for Analog Devices, the analyst stated. However, Xilinx is a potential takeover target, partly due to its high margins, a size large enough that it could impact an acquirer's profits and its cost cutting opportunities, Danely stated. One potential acquirer of Xilinx is Qualcomm (QCOM), which has suggested that it could be interested in M&A opportunities in the future, the analyst wrote. Despite his belief that Xilinx could be acquired, Danely kept a Neutral rating on the shares. WHAT'S NOTABLE: On October 14, Bloomberg reported that Analog Devices and Maxim were in merger talks. On October 28, the news service reported that Texas Instruments was in talks about buying Maxim. According to Bloomberg, Maxim was working with a bank on a strategic review before it was approached by Analog Devices. Maxim may not want to sell itself unless it receives a large premium, the news service stated. PRICE ACTION: In early trading, Maxim was flat near $38.86 per share, while Xilinx gained 1.5% to $47.83.
08:54 EDTADIMaxim could be bidder for Fairchild, says Citi
Citi analyst Atif Malik views Maxim Integrated (MXIM) as a potential acquirer Fairchild Semiconductor (FCS). Bloomberg on October 13 reported that Fairchild was seeking advice for a potential sale, and listed potential acquirers as STMicroelectronics (STM), Infineon (IFNNY) and ON Semiconductor (ON). Bids from STM and ON seem unlikely, but Infineon and Maxim could be potential acquirers of Fairchild, Malik tells investors in a research note. In a bull case scenario, Fairchild's buyout value could reach $25 per share, the analyst contends. Fairchild closed yesterday at $17.76. Malik's peer at Citi, analyst Christopher Danely, argued today in research note that Maxim Integrated (MXIM) is unlikely to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Danely views Xilinx (XLNX) as a potential takeout target, potentially for Qualcomm (QCOM).
08:37 EDTADICiti sees Xilinx, not Maxim, as potential takeout candidate
Citi analyst Christopher Danely says he does not expect Maxim Integrated (MXIM) to get acquired despite reports of interest from Analog Devices (ADI) and Texas Instruments (TXN). Xilinx (XLNX) is the only large-cap semiconductor company left with "all of the attributes of a good takeover target," Danely tells investors in a research note. He believes Xilinx management could be willing sellers at the right price, and points out Qualcomm (QCOM) has a history of doing deals. Xilinx could make a good candidate for Qualcomm, Danely contends.

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