Analog Devices, Inc. (NASDAQ:ADI) announced 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 2.07%. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45.
Shares of Analog Devices stock opened at $92.80 on Thursday. Analog Devices has a 12-month low of $74.65 and a 12-month high of $98.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71. The firm has a market cap of $34,576.64, a price-to-earnings ratio of 44.40, a P/E/G ratio of 1.40 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. analysts anticipate that Analog Devices will post 5.57 earnings per share for the current year.
Several research analysts have recently issued reports on ADI shares. B. Riley increased their price objective on shares of Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Jefferies Group raised their target price on shares of Analog Devices to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Stifel Nicolaus reduced their target price on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. Morgan Stanley restated an “overweight” rating and set a $103.00 target price (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Finally, KeyCorp restated a “buy” rating and issued a $107.00 price target on shares of Analog Devices in a research report on Friday, November 24th. Ten research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $100.57.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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