Analog Devices, Inc. (NASDAQ:ADI) Plans Quarterly Dividend of $0.99

Analog Devices, Inc. (NASDAQ:ADI) declared a quarterly dividend on Tuesday, November 25th. Investors of record on Monday, December 8th will be paid a dividend of 0.99 per share by the semiconductor company on Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 8th.

Analog Devices has increased 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 44.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Analog Devices to earn $8.59 per share next year, which means the company should continue to be able to cover its $3.96 annual dividend with an expected future payout ratio of 46.1%.

Analog Devices Price Performance

Shares of ADI traded up $12.62 during trading hours on Tuesday, reaching $252.02. The company had a trading volume of 7,505,120 shares, compared to its average volume of 3,808,467. The firm has a 50 day simple moving average of $238.67 and a 200-day simple moving average of $235.30. The company has a market capitalization of $123.98 billion, a price-to-earnings ratio of 64.29, a PEG ratio of 1.98 and a beta of 1.09. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. Analog Devices has a 12-month low of $158.65 and a 12-month high of $258.13.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $1.67 earnings per share. Analog Devices’s quarterly revenue was up 25.9% compared to the same quarter last year. Research analysts expect that Analog Devices will post 7.14 earnings per share for the current year.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the sale, the director owned 5,118 shares in the company, valued at $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the completion of the transaction, the director owned 155,071 shares in the company, valued at approximately $38,290,131.32. The trade was a 1.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 59,750 shares of company stock worth $14,684,296. Company insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC lifted its holdings in Analog Devices by 2.4% during the 3rd quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock worth $445,000 after buying an additional 42 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 43 shares during the last quarter. Carson Advisory Inc. lifted its stake in shares of Analog Devices by 3.1% during the third quarter. Carson Advisory Inc. now owns 1,441 shares of the semiconductor company’s stock valued at $354,000 after acquiring an additional 43 shares during the period. Sivia Capital Partners LLC boosted its holdings in Analog Devices by 2.5% in the third quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 44 shares during the last quarter. Finally, Klingman & Associates LLC increased its position in Analog Devices by 3.7% in the third quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock worth $313,000 after purchasing an additional 45 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.