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

Analog Devices, Inc. (NASDAQ:ADI) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Tuesday, September 1st will be given a dividend of 1.10 per share by the semiconductor company on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st.

Analog Devices has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 23 consecutive years. Analog Devices has a dividend payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Analog Devices to earn $14.63 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 30.1%.

Analog Devices Stock Performance

ADI stock traded down $3.37 during trading on Wednesday, reaching $373.26. 5,864,352 shares of the company’s stock were exchanged, compared to its average volume of 4,214,469. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Analog Devices has a 1-year low of $223.47 and a 1-year high of $445.91. The company’s fifty day moving average price is $390.37 and its 200-day moving average price is $370.30. The firm has a market cap of $181.81 billion, a PE ratio of 55.46, a P/E/G ratio of 1.01 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, research analysts expect that Analog Devices will post 12.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on ADI. Jefferies Financial Group raised their target price on shares of Analog Devices from $410.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $550.00 price objective on shares of Analog Devices in a report on Monday. Argus set a $460.00 price objective on shares of Analog Devices in a research note on Tuesday, May 26th. Citigroup boosted their target price on Analog Devices from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Oppenheimer increased their price target on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $441.00.

About Analog Devices

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.