Analog Devices, Inc. (NASDAQ:ADI) declared a quarterly dividend on Tuesday, November 21st, RTT News reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.45 per share by the semiconductor company on Tuesday, December 12th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.93%.
Analog Devices (NASDAQ:ADI) opened at $93.07 on Tuesday. Analog Devices has a 12 month low of $68.42 and a 12 month high of $93.99. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.99. The stock has a market capitalization of $34,080.00, a PE ratio of 21.13, a P/E/G ratio of 1.76 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Monday, November 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 53.4% compared to the same quarter last year. equities analysts anticipate that Analog Devices will post 4.62 EPS for the current fiscal year.
In other news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total value of $369,995.65. Following the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at approximately $1,111,301.03. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Gregory N. Henderson sold 6,396 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.34, for a total value of $539,438.64. Following the completion of the transaction, the senior vice president now directly owns 10,327 shares in the company, valued at approximately $870,979.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,994 shares of company stock worth $11,370,618. Company insiders own 1.10% of the company’s stock.
Several equities analysts recently issued reports on ADI shares. Royal Bank Of Canada restated a “buy” rating and set a $92.00 price target on shares of Analog Devices in a research note on Friday, August 4th. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research note on Wednesday, August 30th. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research note on Sunday, August 27th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $97.00 price target on shares of Analog Devices in a research note on Monday, September 25th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $93.69.
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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.
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