Analog Devices, Inc. Plans Quarterly Dividend of $1.10 (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 2nd will be paid a dividend of 1.10 per share by the semiconductor company on Tuesday, June 16th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Analog Devices has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 23 years. Analog Devices has a payout ratio of 49.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Analog Devices to earn $12.54 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 35.1%.

Analog Devices Price Performance

NASDAQ:ADI traded down $16.26 on Wednesday, hitting $398.05. The company had a trading volume of 10,342,347 shares, compared to its average volume of 3,931,369. The stock has a market capitalization of $194.33 billion, a price-to-earnings ratio of 72.77, a PEG ratio of 1.68 and a beta of 1.19. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $357.19 and a two-hundred day moving average of $313.00. Analog Devices has a 52 week low of $206.00 and a 52 week high of $435.72.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.89 by $0.20. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm’s revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts anticipate that Analog Devices will post 11.35 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on ADI. Benchmark increased their price objective on shares of Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group upped their price target on shares of Analog Devices from $300.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Morgan Stanley restated an “overweight” rating and issued a $373.00 price target on shares of Analog Devices in a research report on Thursday, February 19th. Piper Sandler upped their price target on shares of Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Finally, Needham & Company LLC upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $382.85.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.