Analog Devices, Inc. (NASDAQ:ADI) declared a quarterly dividend on Tuesday, February 27th, RTT News reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.48 per share by the semiconductor company on Tuesday, March 20th. This represents a $1.92 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from Analog Devices’s previous quarterly dividend of $0.45.
Analog Devices (NASDAQ:ADI) opened at $91.32 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71. Analog Devices has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The stock has a market cap of $33,703.90, a P/E ratio of 43.69, a PEG ratio of 1.38 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm’s revenue for the quarter was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 earnings per share. research analysts forecast that Analog Devices will post 5.49 EPS for the current fiscal year.
In other news, SVP Joseph Hassett sold 18,400 shares of Analog Devices stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $85.06, for a total value of $1,565,104.00. Following the completion of the transaction, the senior vice president now owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.25, for a total value of $912,500.00. The disclosure for this sale can be found here. Insiders have sold 84,618 shares of company stock valued at $7,554,228 in the last three months. Insiders own 0.70% of the company’s stock.
ADI has been the topic of several recent analyst reports. BidaskClub cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus lifted their price target on shares of Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, November 16th. B. Riley reiterated a “buy” rating and issued a $113.00 price target (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Oppenheimer reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Friday, November 17th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a report on Tuesday, November 21st. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $100.04.
Analog Devices Company Profile
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.