Analog Devices, Inc. (ADI) To Go Ex-Dividend on June 2nd

Analog Devices, Inc. (NASDAQ:ADI) announced a quarterly dividend on Tuesday, May 19th. Stockholders 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) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 2nd.

Analog Devices has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Analog Devices to earn $14.20 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 31.0%.

Analog Devices Price Performance

ADI opened at $413.85 on Friday. The stock has a fifty day moving average of $372.03 and a 200-day moving average of $322.13. The firm has a market capitalization of $201.58 billion, a P/E ratio of 61.49, a PEG ratio of 1.16 and a beta of 1.19. Analog Devices has a 12-month low of $210.80 and a 12-month high of $435.72. 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 (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Equities analysts forecast that Analog Devices will post 12.41 EPS for the current fiscal year.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 80,000 shares of company stock valued at $31,519,000 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Analog Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after acquiring an additional 503,970 shares during the last quarter. State Street Corp increased its position in Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after buying an additional 88,538 shares during the last quarter. Morgan Stanley increased its position in Analog Devices by 1.9% during the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after buying an additional 194,535 shares during the last quarter. Bank of America Corp DE increased its position in Analog Devices by 5.2% during the first quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after buying an additional 501,604 shares during the last quarter. Finally, Norges Bank acquired a new position in Analog Devices during the fourth quarter worth $2,215,516,000. 86.81% of the stock is owned by institutional investors and hedge funds.

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.