Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Tuesday, March 3rd will be given a dividend of 1.10 per share by the semiconductor company on Tuesday, March 17th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a 11.1% increase from Analog Devices’s previous quarterly dividend of $0.99.
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 payout ratio of 44.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 2.6%
Shares of NASDAQ:ADI opened at $346.37 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $169.25 billion, a PE ratio of 75.96, a P/E/G ratio of 1.93 and a beta of 1.03. Analog Devices has a 1 year low of $158.65 and a 1 year high of $355.36. The firm has a fifty day moving average price of $299.67 and a 200 day moving average price of $263.17.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the transaction, the director owned 123,821 shares of the company’s stock, valued at $39,288,403.30. This represents a 2.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 10,000 shares of Analog Devices stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares in the company, valued at $13,828,444.16. The trade was a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,544 shares of company stock valued at $15,320,417 over the last quarter. Company insiders own 0.36% of the company’s stock.
Institutional Trading of Analog Devices
Several institutional investors have recently bought and sold shares of ADI. Corient Private Wealth LLC grew its position in Analog Devices by 22.8% in the fourth quarter. Corient Private Wealth LLC now owns 526,110 shares of the semiconductor company’s stock valued at $142,681,000 after acquiring an additional 97,535 shares during the period. Blue Sparrow LLC DE acquired a new stake in shares of Analog Devices in the 4th quarter valued at $16,272,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Analog Devices by 46.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 88,837 shares of the semiconductor company’s stock worth $23,486,000 after purchasing an additional 28,202 shares during the last quarter. Summit Global Investments increased its position in shares of Analog Devices by 13.1% during the 4th quarter. Summit Global Investments now owns 1,959 shares of the semiconductor company’s stock worth $531,000 after purchasing an additional 227 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Analog Devices by 0.3% during the 4th quarter. Raymond James Financial Inc. now owns 4,844,037 shares of the semiconductor company’s stock valued at $1,315,483,000 after purchasing an additional 14,106 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Company Profile
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.
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