Analog Devices, Inc. (ADI) to Issue Quarterly Dividend of $1.10 on June 16th

Analog Devices, Inc. (NASDAQ:ADI) announced a quarterly dividend on Wednesday, May 20th. 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) annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, June 2nd.

Analog Devices has increased its dividend by an average of 0.1%per year over the last three years and has increased 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. Analysts expect Analog Devices to earn $12.54 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 35.1%.

Analog Devices Stock Down 3.5%

ADI stock opened at $384.21 on Friday. The company has a market cap of $187.57 billion, a P/E ratio of 57.09, a P/E/G ratio of 1.60 and a beta of 1.19. Analog Devices has a 52 week low of $206.00 and a 52 week high of $435.72. The company’s 50-day moving average price is $360.07 and its 200 day moving average price is $315.22. The company has a current ratio of 1.75, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s revenue was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts expect that Analog Devices will post 11.35 earnings per share for the current fiscal year.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the transaction, the chief executive officer owned 187,538 shares of the company’s stock, valued at approximately $74,623,245.58. This represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer directly owned 14,740 shares of the company’s stock, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 24,199 shares of company stock worth $8,676,423 in the last three months. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Several institutional investors and hedge funds have recently bought and sold shares of ADI. Vanguard Group Inc. increased its position 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 in the last quarter. State Street Corp increased its position in shares of Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after acquiring an additional 88,538 shares in the last quarter. Morgan Stanley increased its position in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after acquiring an additional 194,535 shares in the last quarter. Bank of America Corp DE increased its position in shares of Analog Devices by 5.2% in 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 acquiring an additional 501,604 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Analog Devices in the fourth quarter worth $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

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.