Earnings Review - Analog Devices Inc.

LONDON, December 22, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings review on Analog Devices Inc. (NASDAQ: ADI). On November 25, 2014, the company reported its Q4 FY14 and full-year FY14 financial results (period ended November 01, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Analog Devices Inc. (Analog). During Q4 FY14 and for FY14, the company's revenue increased 20% and 9%, respectively on a Y-o-Y basis. The President and CEO of Analog, Vincent Roche, stated that during Q4 FY14 order rates were stable and ADI executed very well, resulting in record revenue and earnings growth that was near the high end of the company's guidance. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

During Q4 FY14, Analog's GAAP revenue grew to $814.25 million from $678.13 million in Q4 FY13. The company's reported revenue exceeded Bloomberg analysts' forecasts of $804.71 million. Analog's Q4 FY14 GAAP and non-GAAP gross margin percentage stood at 59.7% and 66.4%, respectively. The free research on ADI can be downloaded as in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Analog%20Devices&d=22-Dec-2014&s=ADI

In Q4 FY14, the company's GAAP net income for decreased to $108.70 million, or $0.34 per diluted share, from $201.55 million, or $0.64 per diluted share, in Q4 FY13. Meanwhile, Analog's non-GAAP diluted EPS for Q4 FY14 increased to $0.69 from $0.62 per diluted share in Q4 FY13.

For FY14, Analog's GAAP revenue stood at $2.86 billion compared to $2.63 billion in FY13. The company's FY14 GAAP gross margin decreased to 63.9% from 64.3% in FY13, while its non-GAAP gross margin improved to 66.0% from 64.3% in the previous year. The company's FY14 net income declined to $629.32 million, or $1.98 per diluted share, from $673.49 million, or $2.14 per diluted share, in FY13. Analysts from Bloomberg had expected the company to report FY14 net income of $686.55 million, or $2.20 per diluted share. However, on a non-GAAP basis, the company's EPS increased to $2.39 per diluted share from $2.15 per diluted share in FY13.

Mr. Roche said that the company's cash flow and balance sheet remained strong and Analog returned $304 million to shareholders through dividends and increased share repurchases. During Q4 FY14, Analog announced a quarterly cash dividend of $0.37 per outstanding share of common stock. The dividend payment was made on December 16, 2014, to all shareholders of record on December 05, 2014. Sign up and read the free analyst's notes on ADI at:

http://get.Investor-Edge.com/pdf/?c=Analog%20Devices&d=22-Dec-2014&s=ADI

For Q1 FY15, the company expects GAAP and non-GAAP revenues in the range of $745 million to $775 million. For the said quarter, Analog's GAAP and non-GAAP gross margin is expected to approximately 64.7% and 65.0%, respectively. The company expects Q1 FY15 GAAP and non-GAAP operating expenses of approximately $288 million and $263 million, respectively. Further, for the said quarter the company's GAAP and non-GAAP interest and other expense are projected to be $5.0 million, each. Analog's GAAP and non-GAAP tax rate for Q1 FY15 is expected to be approximately 16.5% and 14.5%, respectively. In addition, for Q1FY15, the company expects GAAP EPS in the range of $0.50 to $0.56, and non-GAAP EPS in the range of $0.58 to $0.64.

Stock Performance  

On the day following the earnings release, November 26, 2014, Analog's stock rallied 5.51%, to end the session at $54.56. The stock has maintained mostly a positive trend since then. However, on the last close, Friday, December 19, 2014, the company's stock finished at $56.75, down 0.54%, after vacillating between $56.42 and $57.36. A total of 3.19 million shares were traded which was above its three months average volume of 2.76 million shares. Over the last one month and over the previous three months, the company's shares have gained 9.87% and 13.52%, respectively. Further, the stock has advanced 11.43% since the start of 2014. Shares in Analog closed above their 50-day and 200-day moving averages of $50.85 and $51.61, respectively. Furthermore, the stock traded at a PE ratio of 23.69 and has a Relative Strength Index (RSI) of 65.60. Visit Investor-Edge and access the latest research on ADI at:

http://get.Investor-Edge.com/pdf/?c=Analog%20Devices&d=22-Dec-2014&s=ADI

Sneak Peek to Corporate Insider Trading 

In the last one month, there were 14 insider transactions made by 5 individuals. Between December 01 and December 18, 2014, a total of 90,000 shares of the company have been purchased at an average price of $30.80 per share, for a total value of $2.77 million. During the stated period, a total of 191,000 shares were also disposed at an average price of $56.29 per share, and for a total of $10.75 million. These are some of the insider trading transactions during the stated period: Ray Stata, Chairman of the Board at Analog, sold 100,000 shares at $56.04 a share, while, William Matson, Senior Vice President, Human Resources at Analog, purchased 65,000 shares at an average price of $29.91 per share and disposed an equal number of shares at an average price of $57.01 per share. On December 11, 2014, John C. Hodgson, Director at Analog, bought 15,000 shares at a price of $33.41 per share and sold an equal number of shares at a price of $56.12 per share. Complimentary in-depth research on ADI is available at:

http://get.Investor-Edge.com/pdf/?c=Analog%20Devices&d=22-Dec-2014&s=ADI

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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