Analog Devices, Inc. (ADI) to Issue Quarterly Dividend of $0.54 on December 17th

Analog Devices, Inc. (NASDAQ:ADI) declared a quarterly dividend on Tuesday, November 26th, RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 0.54 per share by the semiconductor company on Tuesday, December 17th. This represents a $2.16 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, December 5th.

NASDAQ:ADI opened at $111.26 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.91. Analog Devices has a fifty-two week low of $80.08 and a fifty-two week high of $124.79. The stock’s 50-day moving average is $110.90 and its two-hundred day moving average is $110.29. The stock has a market cap of $41.60 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.23 and a beta of 1.41.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.03). The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. Analog Devices’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Analog Devices will post 4.82 earnings per share for the current year.

In other Analog Devices news, SVP Gregory N. Henderson sold 3,476 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $115.04, for a total transaction of $399,879.04. Following the completion of the sale, the senior vice president now owns 7,774 shares of the company’s stock, valued at $894,320.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph Hassett sold 10,544 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $116.72, for a total value of $1,230,695.68. Following the transaction, the senior vice president now owns 34,360 shares in the company, valued at approximately $4,010,499.20. The disclosure for this sale can be found here. Insiders sold 41,899 shares of company stock valued at $4,696,829 in the last ninety days. Insiders own 0.50% of the company’s stock.

A number of research firms recently issued reports on ADI. Deutsche Bank lifted their price objective on Analog Devices from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, November 27th. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. Morgan Stanley raised their price target on Analog Devices from $100.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Raymond James upgraded Analog Devices to an “outperform” rating and lifted their price target for the company from $120.00 to $130.00 in a report on Wednesday, November 27th. Finally, Loop Capital lifted their price target on Analog Devices from $125.00 to $130.00 and gave the company a “positive” rating in a report on Friday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $118.00.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Dividend History for Analog Devices (NASDAQ:ADI)

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