Linear Technology Corp

Seasonal weakness is expected to hurt ADI’s fiscal 1Q17 revenues, though profit margins are likely to be less affected.

ADI is spending ~90% of its R&D expenses on its B2B segments of Industrial, Communications, and Automotive.

Fiscal 2Q and 4Q are seasonally strong quarters for ADI’s Automotive segment. In fiscal 4Q16, the segment’s revenue rose 5%.

ADI’s Linear Technology acquisition should boost the size of its Industrial, Communications, and Automotive segments.

ADI’s biggest deal has been the acquisition of Linear Technology (LLTC).

While Xilinx reported revenue a fall in communications and data center in fiscal 2Q17, the fall was offset by 7% sequential growth in industrial and A&D.

A day after the results of the US Presidential election were announced, some semiconductor stocks fell, but some rose.

Wall Street analysts have given a “buy” rating to ADI, whereas it has given a “hold” rating for TXN and MXIM.

ADI expects its gross margin to fall from 66% in fiscal 3Q16 to 65.5% in fiscal 4Q16.

Analog and mixed-signal supplier Analog Devices (ADI) had a strong fiscal 3Q16 driven by orders from Apple (AAPL).

Qualcomm (QCOM) has agreed to acquire NXP Semiconductors (NXPI) in an all-cash deal worth $110 per share. QCOM shares rose 4.1%, and NXP shares rose 1.7%.

Analysts have mixed views about the possibility of Cypress Semiconductor’s acquisition.

Fiscal 3Q16 will be the first quarter in which investors come to know the growth potential of Avago-Broadcom as a combined entity.

ADI expects to complete the LLTC acquisition by fiscal 2H17. The acquisition would be immediately accretive to ADI’s non-GAAP EPS and FCF.

Analog Devices plans boost its earnings by acquiring Linear Technology in a cash-and-stock deal of $14.8 billion, of which ~$11 billion will be in cash.

Analog Devices (ADI) recently announced the acquisition of Linear Technology for $14.8 billion and then revised its fiscal 3Q16 earnings guidance upward.

In the past 52 weeks, ADI’s stock rose just 10%, whereas TXN’s stock rose by 43%, MXIM’s rose by 24.8%, and LLTC’s rose by 46.2% in the same period.

Texas Instruments’ last major acquisition was of National Semiconductor in 2011. Cowen analysts have urged TXN to reignite acquisition talks with Maxim.

Texas Instruments’ Analog segment contributes 62% to the company’s total revenue and is made up of high volume analog and other products.

On July 26, 2016, one day after its earnings announcement, Texas Instruments’ stock rose by 9.8% to a 16-year high of $72.58.

ADI has raised its revenue estimates from $840 million to ~$865 million. It has also raised its non-GAAP earnings per share estimate from $0.74 to $0.78.

In fiscal 2015, Linear Technology had a gross margin of 76% while ADI had a gross margin of 66%.

Analog Devices has agreed to pay Linear Technology’s (LLTC) shareholders $46 in cash and 0.2321 ADI shares for every share of LLTC held at the close of the transaction.

On July 26, 2016, Analog Devices (ADI) announced that it is acquiring Linear Technology (LLTC) in a cash-stock deal worth $14.8 billion. This equates to $60 per share of Linear Technology.

The Parnassus Asia Fund’s (PAFSX) documents define it as a multi-cap fund that invests in well-established companies “domiciled or headquartered in Asia.”

Analog accounted for 31.2% of Microchip’s revenue in fiscal 3Q16—its highest contribution since the company’s inception.

In fiscal 2Q16, Cree’s revenues rose 5% YoY to $435.8 million, beating the analyst estimates of $434.7 million. Cree’s stock then jumped by 9.7% to $26.6.

For fiscal 4Q16, Xilinx expects its revenue to remain flat at the fiscal 3Q16 level of $566 million, which is consistent with the consensus estimate.

Earlier, we saw that Linear Technology’s (LLTC) revenue fell 1.5% YoY (year-over-year) in fiscal 2Q16 due to seasonal weakness in the industrial space.

In 3Q15, Broadcom’s (BRCM) expenses in research and development (or R&D) fell to $542 million from $573 million in 3Q14 and $609 million in 3Q13.

Technology, Hardware, & Storage was the worst performing subsector, generating YTD returns of -26.21% due to macroeconomic factors.

There’s still an uncertain regulatory environment in most parts of the world, which is holding back renewable energy growth.