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Analog Devices, Inc. (NASDAQ: ADI) is a leading global semiconductor company based in Wilmington, Massachusetts, specializing in data conversion, signal processing, and power management technology. ADI serves tens of thousands of customers worldwide, with a significant portion of its revenue stemming from industrial and automotive markets. Known for its innovative converter chips that translate analog signals to digital and vice versa, ADI's technology is pivotal in various applications, including wireless infrastructure equipment, digitized factories, and digital healthcare.
In fiscal 2023, Analog Devices achieved revenue milestones, recording $12.3 billion, driven by robust performances in its Industrial and Automotive segments. The company generated an operating cash flow of $4.8 billion and a free cash flow of $3.6 billion, enabling it to return more than $4.6 billion to shareholders through share repurchases and dividends.
Despite macroeconomic challenges, ADI continues to thrive, emphasizing innovation and customer engagement. The company recently announced significant technological advancements such as the Sensinel™ Cardiopulmonary Management (CPM) System, a wearable device with FDA 510(k) clearance, and partnerships with giants like Honeywell and BMW for enhanced connectivity solutions. Furthermore, ADI's hybrid manufacturing network, bolstered by strategic collaborations with TSMC and JASM, ensures resilient and scalable production capabilities.
With a product portfolio designed to leverage secular trends and a commitment to strategic investments, ADI remains confident in its ability to drive shareholder value. The company's forward-looking approach and consistent execution excellence position it as a steadfast leader in the semiconductor industry.
Analog Devices, Inc. (ADI) reported a strong fiscal 2021, with fourth-quarter revenue of $2.34 billion, surpassing guidance, and total annual revenue of $7.32 billion, a 31% increase year-over-year. Operating cash flow for the year was $2.7 billion, with $3.7 billion returned to shareholders through dividends and buybacks. The acquisition of Maxim Integrated enhances ADI's semiconductor leadership. Looking ahead, ADI forecasts first-quarter 2022 revenue of $2.60 billion and adjusted EPS of $1.78, indicating continued growth momentum.
Analog Devices, Inc. (NASDAQ: ADI) will release its financial results for the fourth quarter and fiscal year 2021 on November 23, 2021 at 7 a.m. Eastern time. Following the release, a conference call will take place at 10:00 a.m. Eastern time, featuring CEO Vincent Roche and CFO Prashanth Mahendra-Rajah. The call can be accessed through Analog Devices’ Investor Relations website or by phone. A replay will be available two hours post-call for up to two weeks. ADI serves over 125,000 customers globally with a diverse product range across various markets.
indie Semiconductor has entered into a definitive agreement to acquire Symeo GmbH, the radar division of Analog Devices, enhancing its capabilities in the automotive radar market. This strategic acquisition, featuring 120 patents, aims to bolster indie's sensor technologies for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. The global automotive radar market is projected to grow from $3.5 billion in 2019 to $7.6 billion by 2026. The financial impact of the transaction is expected to be neutral to indie's earlier investment forecasts.
Analog Devices, Inc. announced the expiration of its cash tender offer for various outstanding Senior Notes as of October 4, 2021. The total amounts tendered include $71.18M of the 2021 Notes and $133.32M of the June 2023 Notes, with substantial participation in the December 2023 and 2025 Notes. The Offer, aimed to reduce debt, is funded by proceeds from a recent senior notes offering. Payments for validly tendered notes will be made on October 5 and 7, 2021, respectively.
Analog Devices (ADI) has announced the pricing of a cash tender offer for its outstanding senior notes totaling over $3.1 billion. The offer includes six different series of senior notes with varying maturity dates. The tender offer will expire today at 5:00 PM New York City time. Holders who tender their notes will receive the Tender Offer Consideration, along with accrued interest. The company anticipates the settlement date to be on October 5, 2021. This move is part of a broader strategy which includes the issuance of new senior notes.
Analog Devices, Inc. (NASDAQ: ADI) has priced a public offering totaling
Analog Devices (ADI) has initiated a cash tender offer for its outstanding senior notes, including 2.500% notes due December 2021, 2.875% due June 2023, and 5.300% due December 2045, among others. The total principal amount involved across various notes is approximately $3.1 billion. Holders must tender their notes by October 4, 2021, to qualify for the tender offer consideration. The settlement date is expected on October 5, 2021. The company plans to utilize proceeds from a new senior notes offering to fund this transaction.
Analog Devices, Inc. (NASDAQ: ADI) has announced an underwritten public offering of five tranches of senior notes, subject to market conditions. The proceeds will be primarily used to repurchase outstanding senior notes due in 2021, 2023, 2025, and 2036, as part of a cash tender offer also announced today. The offering is not contingent on the tender offer's completion, although the latter depends on this offering. This initiative aims to enhance the company's financial flexibility and manage its debt effectively.
Analog Devices (NASDAQ: ADI) announced a collaboration with Lotus Cars to integrate its wireless battery management system (wBMS) into Lotus's next-generation electric vehicles (EV). The wBMS reduces wiring by 90% and improves the serviceability and design flexibility of battery packs. This technology supports the longevity of batteries and aligns with Lotus's focus on lightweight, high-performance vehicles. The partnership aims to enhance vehicle range and overall performance while contributing to sustainable automotive practices.
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