Analog Devices after the close Tuesday reported a 29% in fourth-quarter profit, revealing net income of $97.9 million, or 31 cents per share, down from $138.4 million, or 39 cents per share a year earlier. The company posted revenue of $648.5 million in the fourth quarter, up from $609.7 million in the period a year ago. Non-GAAP related, ADI confessed earnings of 39 cents per share, matching analysts' expectations.

During Tuesday's trading session, the equity hit a new annual low of $30.19 before docking at $31.22.