Analog Devices - ADI STOCK NEWS

Analog Devices, Inc. (Nasdaq: ADI) will host its Investor Day on April 5, 2022, at 8:30 a.m. ET from its Wilmington headquarters. The event will showcase the company's long-term vision and growth strategy, including opportunities in the current business environment.

Members of ADI leadership will present, followed by live Q&A sessions. Due to space limitations, in-person attendance is by invitation only, and advance registration is necessary. Interested parties can access the event live via the Investor Relations section of ADI's website, with an archived replay available after.

Analog Devices and EPC have introduced the EPC9160, a new reference design featuring the LTC7890 synchronous GaN buck controller, optimized for driving EPC's eGaN FETs. This innovative design supports switching frequencies up to 2 MHz, allowing for high power density and cost-effective DC-DC conversion. The EPC9160 handles input voltages from 9 V to 24 V, providing outputs of 3.3 V or 5 V at 15 A continuous current. With its compact dimensions of 23 mm x 22 mm, it is aimed at automotive, computing, industrial, consumer, and telecom applications, emphasizing efficiency with over 93% performance.

Analog Devices Inc. (Nasdaq: ADI) has appointed Gregory Bryant as Executive Vice President and President of Business Units, effective March 14. He will oversee Industrial, Automotive, Communications, Digital Healthcare, and Consumer units, aiming to enhance ADI's growth strategy. Gregory brings 30 years of semiconductor experience, previously serving as EVP at Intel. His leadership is expected to strengthen ADI's market position following its acquisition of Maxim Integrated. CEO Vincent Roche expressed confidence in Gregory's ability to scale operations and deliver integrated solutions to customers.

Analog Devices, Inc. (Nasdaq: ADI) announced a €100 million investment in the ADI Catalyst facility in Limerick, Ireland, aimed at enhancing collaborative innovation and R&D over the next three years. This investment will create 250 new jobs, focusing on software solutions and AI innovations in sectors like Industry 4.0 and automotive electrification. ADI Catalyst will accelerate the development of customized healthcare solutions, including CAR T-cell therapies. This expansion signifies ADI's commitment to growth in Europe and its role as a leader in the semiconductor industry.

Analog Devices, Inc. (NASDAQ: ADI) announced that CFO Prashanth Mahendra-Rajah will present at the 43rd Annual Raymond James Institutional Investors Conference on March 7, 2022, at 11:00 a.m. Eastern time in Orlando, Florida. The event will be available via a live webcast on the company's Investor Relations website, with an archived replay also accessible afterwards. Analog Devices specializes in analog and mixed-signal technologies, serving over 125,000 customers globally with a broad product range.

Analog Devices, Inc. (ADI) reported revenue of $2.68 billion, a 72% year-over-year increase, with double-digit growth across all markets. Operating cash flow reached $3.16 billion, while free cash flow was $2.78 billion, equating to 33% of revenue. The company executed a $2.5 billion share repurchase and announced a 10% dividend increase, marking its 19th raise in 18 years. Fiscal 2022 second-quarter guidance estimates revenue of $2.80 billion, with reported EPS of $1.14.

Analog Devices, Inc. (NASDAQ: ADI) has announced a quarterly dividend increase from $0.69 to $0.76, marking a 10% rise and the company's 19th increase in 18 years. The new annual dividend totals $3.04 per share and is payable on March 8, 2022, to shareholders of record by February 25, 2022. ADI has returned over $8 billion in dividends over 73 consecutive quarters. The company maintains a resilient operating model, returning 100% of free cash flow to shareholders while balancing dividends and share repurchases.

Analog Devices, Inc. (NASDAQ: ADI) will release its financial results for the first quarter of fiscal year 2022 on February 16, 2022, at 7:00 a.m. Eastern time. Following the results, a conference call featuring key executives will occur at 10:00 a.m. Eastern time. The call can be accessed via the company's Investor Relations website or through a dedicated dial-in number. ADI operates in diverse markets, providing over 75,000 products and serving 125,000 customers globally, emphasizing its role in the digital economy.

Analog Devices (NASDAQ: ADI) announced the appointment of President and CEO Vincent Roche as Chair of the Board, effective at its 2022 Annual Meeting of Shareholders. He succeeds Ray Stata, who held the position since 1973 and will continue as a director. Roche expressed gratitude for Stata's contributions to the company's success and looks forward to ongoing collaboration. Since its founding in 1965, ADI has been a leader in analog and digital technologies, serving over 125,000 customers globally with a diverse product portfolio.