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

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

Analog Devices has raised 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 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 Down 0.9%

Shares of NASDAQ ADI traded down $3.37 during mid-day trading on Wednesday, reaching $373.26. The company had a trading volume of 5,864,352 shares, compared to its average volume of 4,214,469. The stock has a fifty day moving average of $390.37 and a two-hundred day moving average of $370.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The company has a market capitalization of $181.81 billion, a price-to-earnings ratio of 55.46, a PEG ratio of 1.01 and a beta of 1.20. Analog Devices has a 12-month low of $223.47 and a 12-month high of $445.91.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADI shares. Oppenheimer lifted their target price on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Bank of America increased their price objective on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Evercore restated an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Finally, KeyCorp upped their target price on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.