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