Latest news with #VincentRoche
Irish Independent
6 days ago
- Business
- Irish Independent
Irish arm of Analog Devices pays out over €5bn in dividends
New accounts show the Limerick-based company, whose CEO is Vincent Roche, paid the dividends even as profits decreased by 72pc to $487.78m in the 12 months to the end of November 2 last year. The drop in profits arose mainly from non-cash amortisation costs rising from $2.04bn to $2.73bn. Revenues at the firm increased by 4pc, from $8.18bn to $8.55bn, during the 12-month period. In May 2023, the firm announced plans to build a €630m facility in Co Limerick, adding 600 jobs to its Irish workforce. The investment at its European regional headquarters in Raheen Business Park involved the construction of a 4,180 sq m research, development and manufacturing facility. The directors said the results for 2024 'were in line with expectations'. Dividends of $3.18bn were paid during 2024 and in a post-balance sheet event, the company paid further dividends of $2.247bn to Analog Devices Limerick UC. Numbers employed increased by 131, from 1,626 to 1,757, during 2024. The staff complement was made up of 741 in manufacturing, 634 in engineering, 308 in marketing and 74 in administration. Staff costs marginally increased to $195.77m. The directors said gross margin decreased primarily as a result of a change in product mix. They said the operating profit has decreased mainly because of the $695.9m increase in the amortisation of intangible assets, while there was also an increase in distribution and administrative expenses of $388m to $1.83bn. The company recorded post-tax profits of $398.7m after incurring a corporation tax charge of $89m. Sounding an upbeat note, the directors said: 'Our diversified business model combined with our leading technology portfolio position the company to deliver sustainable long-term growth in the years ahead.' The directors said the company has a purpose-built European research and development building at its Limerick campus and the R&D spend last year totalled $1bn – which was up from $615.2m in 2023. Directors' pay totalled $2.19m, made up of emoluments of $715,000, with $1.42m on a long-term incentive scheme and $54,000 in pension contributions. At the end of December, the firm had shareholder funds of $26.74bn. The company's cash funds increased from €163m to €570.73m.
Yahoo
22-05-2025
- Business
- Yahoo
Robert W. Baird Maintains a Buy Rating on Analog Devices (ADI) After Q2 Report
On May 22, Tristan Gerra of Robert W. Baird maintained a Buy rating on Analog Devices, Inc. (NASDAQ:ADI) with a price target of $250, after the company reported its fiscal second-quarter results for 2025. A technician working on power management in a semiconductor factory. Analog Devices, Inc. (NASDAQ:ADI) grew revenue by 22% year-over-year to $2.6 billion, whereas the adjusted EPS soared 32% year-over-year to $1.85. Both indicators topped analysts' expectations, with revenue surpassing expectations by $134.02 million and EPS ahead of the consensus by $0.15. Chair and CEO Vincent Roche noted: 'ADI delivered second-quarter revenue and earnings per share above the high end of guidance. Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery and the strength and resiliency of our business model' Analog Devices, Inc. (NASDAQ:ADI) experienced increased bookings throughout the second quarter, thereby growing its backlog. As a result, for the third quarter, the company expects $2.75 billion in revenue, against a consensus of $2.6 billion, and EPS of $1.92 versus a consensus of $1.82. Gerra believes the company is well positioned with its product specifications and performance of its Automotive and Industrial segments, thus anticipating Analog Devices, Inc. (NASDAQ:ADI) to achieve its growth targets. While we acknowledge the potential of ADI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADI and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Why Analog Devices Stock Fell by More Than 4% Today
The company posted some strong growth numbers in its fiscal second-quarter fundamentals. It saw a bulge in demand that might not be repeatable, however. 10 stocks we like better than Analog Devices › Semiconductor company Analog Devices (NASDAQ: ADI) published its latest quarterly earnings report Thursday morning, but despite its estimates-beating performance, investors sold out of the stock. They left it with a more than 4% drop in share price on the day, on concerns that a lingering tariff war could badly affect its fundamentals. That decline compared unfavorably to the S&P 500's (SNPINDEX: ^GSPC) marginal slide. For its fiscal second quarter of 2025, Analog Devices' revenue came in at $2.64 billion, 22% higher year over year. Headline net income grew far more robustly, increasing by almost 89% to just under $570 million. On a non-GAAP (generally accepted accounting principles) adjusted, per-share basis, the company netted a profit of $1.85, up from the $1.40 it booked in the same period of fiscal 2024. Analysts were expecting lower numbers. Their consensus projection for revenue was $2.51 billion, and that for adjusted profitability was $1.70 per share. In its earnings release, Analog Devices attributed the double-digit gains to both internal and external factors. It quoted CEO Vincent Roche as saying, "Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery, and the strength and resiliency of our business model." During the quarter, Analog Devices took in nearly $850 million for its products used in current-generation automobile systems. This critical part of its business grew by 24% year over year; however, the company said this was due in part to heightened demand in anticipation of the Trump administration's tariffs. The company's personal electronics business was also affected similarly. That's concerning, as it's very likely such demand isn't sustainable, no matter how the tariff war plays out. Nevertheless, Analog Devices is still anticipating growth. It proffered guidance for its current (third) fiscal quarter, stating that revenue should be $2.65 billion to $2.85 billion, and adjusted net income $1.82 to $2.02 per share. On average, analysts are estimating $2.62 billion on the top line, and $1.82 per share for adjusted profitability. Before you buy stock in Analog Devices, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Analog Devices wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $644,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $807,814!* Now, it's worth noting Stock Advisor's total average return is 962% — a market-crushing outperformance compared to 169% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Analog Devices Stock Fell by More Than 4% Today was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Analog Devices CFO Confirms Cyclical Upturn, Sees 'Continued Growth'
Analog Devices, Inc (NASDAQ:ADI) shares are trading higher in the premarket session on Thursday after the company reported fiscal second-quarter results. The company's quarterly revenue increased 22% year-on-year to $2.64 billion, beating the analyst consensus estimate of $2.51 billion. Adjusted EPS of $1.85 beat the analyst consensus estimate of $1.70. Analog Devices' Industrial revenue grew by 16.8% Y/Y to $1.16 billion. Automotive revenue climbed 24.2% Y/Y to $849.51 revenue grew by 29.7% to $317.76 million, and Communications revenue increased by 32.1% to $315.06 million. The adjusted gross margin improved by 270 bps to 69.4%. The adjusted operating margin climbed by 220 bps to 41.2%. Analog Devices held $2.38 billion in cash and equivalents as of May 3, 2025, generating $819.5 million in operating cash flow. The Analog Devices Board declared a quarterly cash dividend of $0.99 per outstanding share of common stock. The dividend will be paid on June 18, 2025, to all shareholders of record at the close of business on June 4, 2025. CEO and Chair Vincent Roche said that against a backdrop of global trade volatility, the company's performance reflects the ongoing cyclical recovery and the strength and resiliency of its business model. CFO Richard Puccio said second-quarter bookings accelerated across all end markets and regions, resulting in continued sequential backlog growth. The improving demand signals it saw throughout its fiscal second quarter support its outlook for continued growth in the third quarter and reinforce its view that it is in a cyclical upturn. Analog Devices expects fiscal third-quarter 2025 revenue of $2.65 billion-$2.85 billion, above the analyst consensus estimate of $2.62 billion. The company projects adjusted EPS of $1.82-$2.02 against the analyst consensus estimate of $1.83. Price Action: ADI stock is trading higher by 3.15% to $229.22 premarket at last check Thursday. Read Next:Image via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? ANALOG DEVICES (ADI): Free Stock Analysis Report This article Analog Devices CFO Confirms Cyclical Upturn, Sees 'Continued Growth' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
CNA
22-05-2025
- Automotive
- CNA
Analog Devices forecasts upbeat quarterly revenue on auto, industrial demand
Analog Devices forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors, lifting its shares more than 3 per cent in premarket trading. The analog chip industry is seeing a gradual recovery in key sectors such as automotive and industrial, with demand also boosted by shipments of personal electronics being pulled forward amid the U.S.' shifting tariff policies. "Against a backdrop of global trade volatility, our performance reflects the ongoing cyclical recovery," CEO and Chair Vincent Roche said. Analog Devices projected third-quarter revenue of $2.75 billion, plus or minus $100 million, above estimates of $2.62 billion, according to data compiled by LSEG. It forecast adjusted per-share earnings of $1.92, plus or minus 10 cents, above Wall Street estimates of $1.83 per share. Companies are also seeing a revival in analog chip demand after several quarters of clearing inventory that had accumulated during the pandemic. Peer Texas Instruments also forecast second-quarter revenue above Wall Street estimates last month. For the second quarter ended May 3, the company reported revenue rose 22 per cent to $2.64 billion, beating analysts' estimate of $2.51 billion. Analog Devices supplies semiconductors across sectors including automotive, industrial automation and consumer electronics and counts companies such as Boeing among customers. The industrial unit, its biggest by revenue share, saw sales rise 17 per cent to $1.16 billion, while automotive sales rose 24 per cent to $849.5 million in the quarter. Sales at the consumer unit, which features chips for personal electronics, rose 30 per cent. Global shipments of personal computers rose 9.4 per cent in the first quarter of this year as PC makers boosted consignments to the United States in anticipation of sweeping tariffs, according to data from research firm Canalys.
