Analog Devices Inc (ADI) has recently announced its decision to be a part of the Industry Affiliate Program of the Centre for Nano Science and Engineering (CeNSE) of the Indian Institute of Science (IISc). This collaboration has been initiated with a view to encourage innovation, provide better industry understanding and to speed up the commercialization of active research in MEMS and Nano-Sciences in India.
As an integral part of the industry affiliate program, ADI will collaborate with CeNSE to remove the gap between industry dynamics and research by establishing a technical liaison and identifying important areas for development of technologies and products of mutual interest.
The Centre for Nano Science and Engineering generally pursues research in various spheres with its prime focus being nano-scale systems. CeNSE has a large fabrication facility spread across 14,000 square feet and hence is believed to be well prepared for undertaking projects that aim at providing solutions for real life problems in collaboration with the industry.
Analog Devices, Inc. is one of the world leaders in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in signal processing applications.
The collaboration is expected to benefit both the parties. It will enable CeNSE to observe the industry much more closely, enable its researchers to work directly on industry problems and lead to the production and commercialization of innovative products using cutting-edge technology. Analog Devices, on its part, will provide product knowledge to researchers and aim at developing state-of-the art industry solutions.
Analog Devices Inc. reported third quarter 2013 earnings of 57 cents per share, higher than the Zacks Consensus Estimate of 54 cents. The increase was driven by strong revenue growth coupled with better gross margins and solid expense management.
Currently, Analog Devices has a Zacks Rank # 3 (Hold). Other stocks that look attractive are NXP Semiconductors NV (NXPI), Microchip Technology Inc (MCHP) and Maxlinear Inc (MXL), all with a Zacks Rank # 2 (Buy).