Analog Devices Inc. (ADI) To Go Ex-Dividend on November 30th
Analog Devices Inc. (NASDAQ:ADI) declared a quarterly dividend on Tuesday, November 22nd. Investors of record on Friday, December 2nd will be given a dividend of 0.42 per share on Tuesday, December 13th. This represents a $1.68 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 30th.
Analog Devices (NASDAQ:ADI) opened at 73.59 on Friday. Analog Devices has a 1-year low of $47.24 and a 1-year high of $74.87. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 34.76 and a beta of 1.18. The company’s 50-day moving average price is $64.77 and its 200 day moving average price is $61.30.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.16. The company earned $1 million during the quarter, compared to the consensus estimate of $941.92 million. Analog Devices had a return on equity of 19.51% and a net margin of 25.18%. Analog Devices’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. On average, equities analysts expect that Analog Devices will post $3.34 earnings per share for the current fiscal year.
In other news, SVP Rick D. Hess sold 6,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $62.63, for a total transaction of $375,780.00. Following the completion of the sale, the senior vice president now owns 30,495 shares in the company, valued at approximately $1,909,901.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Hodgson sold 7,500 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $64.42, for a total value of $483,150.00. Following the sale, the director now owns 18,485 shares of the company’s stock, valued at approximately $1,190,803.70. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in ADI. SevenBridge Financial Group LLC bought a new stake in shares of Analog Devices during the second quarter worth approximately $146,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Analog Devices during the third quarter valued at about $263,000. Advisor Group Inc. purchased a new stake in shares of Analog Devices during the second quarter valued at about $269,000. Wetherby Asset Management Inc. increased its stake in shares of Analog Devices by 3.7% in the second quarter. Wetherby Asset Management Inc. now owns 5,095 shares of the company’s stock valued at $289,000 after buying an additional 180 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Analog Devices by 5.8% in the second quarter. Bank of Nova Scotia now owns 6,178 shares of the company’s stock valued at $350,000 after buying an additional 340 shares during the period. Institutional investors own 86.33% of the company’s stock.
Several research firms have weighed in on ADI. Deutsche Bank AG raised their price target on Analog Devices from $65.00 to $70.00 and gave the stock a “hold” rating in a research report on Wednesday. KeyCorp raised their price target on Analog Devices from $77.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. MKM Partners raised their price target on Analog Devices from $67.00 to $76.00 and gave the stock a “neutral” rating in a research report on Wednesday. B. Riley reissued a “buy” rating and set a $87.00 price target on shares of Analog Devices in a research report on Wednesday. Finally, Robert W. Baird raised their price target on Analog Devices to $77.00 in a research report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $73.97.
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Analog Devices Company Profile
Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.
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