Analog Devices, Inc. (ADI) Announces Quarterly Dividend of $0.45
Analog Devices, Inc. (NASDAQ:ADI) announced a quarterly dividend on Wednesday, August 30th, RTT News reports. Stockholders of record on Friday, September 8th will be given a dividend of 0.45 per share by the semiconductor company on Tuesday, September 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.26%.
Shares of Analog Devices (NASDAQ ADI) opened at 79.55 on Wednesday. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 30.47 and a beta of 1.30. Analog Devices has a 52-week low of $59.01 and a 52-week high of $90.49. The stock’s 50 day moving average price is $79.22 and its 200-day moving average price is $79.94.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $0.82 EPS. The business’s revenue was up 64.9% on a year-over-year basis. On average, analysts predict that Analog Devices will post $4.37 earnings per share for the current fiscal year.
ADI has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $97.00 price objective (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and issued a $105.00 price objective (up previously from $93.00) on shares of Analog Devices in a research note on Wednesday, May 31st. B. Riley restated a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a research note on Tuesday, May 30th. Credit Suisse Group restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Friday, May 26th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $89.92.
In other news, Director Bruce R. Evans acquired 14,000 shares of Analog Devices stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average price of $78.28 per share, with a total value of $1,095,920.00. Following the purchase, the director now directly owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,587,635.24. The disclosure for this sale can be found here. Insiders sold a total of 13,586 shares of company stock worth $1,082,574 in the last ninety days. Insiders own 1.10% of the company’s stock.
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About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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