Nasdaq: ADI has been on fire ever since it acquired LLTC

Analog Devices Inc. Nasdaq: ADI Has been on fire ever since it bought Linear Technology Corp. 

ADI took a big risk shelling out over 14 billion for LLTC. As of Monday July 29th 2019 ADI stock price is now up over double what is was when it first acquired LLTC. At the time Linear Technology Corporation (LLTC), a leading, independent manufacturer of high performance linear integrated circuits, recently stated financial results for the fiscal quarter ended September 27, 2015. Quarterly revenues of $341.9 million for the first quarter of fiscal year 2016 reduced $29.1 million or 7.9% from $371.1 million stated in the first quarter of fiscal year 2015 and reduced $37.6 million or 9.9% from the previous quarters revenue of $379.5 million. Net income of $112.0 million reduced $17.4 million or 13.4% from the first quarter of fiscal year 2015 and reduced $20.7 million or 15.6% from the previous quarter’s net income of $132.7 million. Diluted earnings per share of $0.46 per share in the first quarter of fiscal year 2016 reduced $0.07 per share or 13% from the first quarter of fiscal year 2015 and reduced $0.08 per share or 15% from the fourth quarter of fiscal year 2015. Net income and diluted earnings per share reduced on a sequential basis and from the comparable preceding year period primarily due to the decrease in revenue.

Cash, cash equivalents and marketable securities raised by $42.3 million over the fourth quarter of fiscal year 2015 to $1.24 billion. A cash dividend of $0.30 per share will be paid on November 25, 2015 to stockholders of record on November 13, 2015. During the first quarter the Company generated positive cash flows from operations of $175.7 million or 51% of total revenues. During the first quarter of fiscal year 2016 the Company returned $129.9 million to shareholders in the form of dividends of $73.3 million, representing $0.30 per share, and stock purchases of $56.6 million totaling 1.4 million shares.

Linear Technology Corporation, together with its auxiliaries, designs, manufactures, and markets a line of analog integrated circuits worldwide. The company offers amplifiers, high speed amplifiers, voltage regulators and references, interface circuits, data converters, battery stack monitors, silicon oscillators and Timer Blox, and phase locked loop synthesizers and clock distribution products.


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