What Analog Devices' Earnings Mean for Mutual Fund Investors (ADI)

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What Analog Devices' Earnings Mean for Mutual Fund Investors (ADI)

Shauna O'Brien Feb 18, 2015

After the closing bell on Tuesday, Analog Devices (ADI) released its first quarter financial results. Here’s what the results mean for mutual fund investors.

Inside ADI’s Results


The company reported earnings of $178.8 million, or 57 cents per share, up from $152.6 million, or 48 cents per share, a year ago. Excluding special items, EPS was 63 cents – above analysts’ estimate of 61 cents.

Revenue jumped 23% to $771.99 million from $628.24 million last year. Analysts expected to see $760.54 million.

Looking ahead to the second quarter, the company expects to see EPS between 62 cents and 66 cents. Revenue is expected to be between $810 million and $830 million. Analysts expect to see EPS of 69 cents and $806.84 million.

ADI Remains Confident in Long-Term Business

While the company posted guidance that was below analysts’ view, ADI boosted its quarterly dividend, suggesting that it is confident in its long-term business. The company now offers a dividend yield of about 2.8% and is trading at 18x 2015 earnings estimates.

About 47% of the company’s revenue is obtained in its Industrial and Communications business, which has been seeing strong demand. ADI also cited strong growth in its automotive business, which accounts for about 18% of its business.

Mutual Funds to Watch

Investors interested in ADI may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

By investing in the one of the funds listed above, investors are exposed to a broad range of holdings and industries. Investors interested in ADI may also be interested in Texas Instruments (TXN) and Intel (INTC).

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