Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) declared a quarterly dividend on Wednesday, August 20th, RTT News reports. Investors of record on Tuesday, September 2nd will be given a dividend of 0.99 per share by the semiconductor company on Tuesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd.
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 Stock Performance
NASDAQ:ADI opened at $246.95 on Friday. The firm’s fifty day moving average price is $234.26 and its 200 day moving average price is $217.03. Analog Devices has a 1-year low of $158.65 and a 1-year high of $250.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.51. The firm has a market cap of $122.55 billion, a price-to-earnings ratio of 63.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.
Analyst Ratings Changes
A number of research firms have commented on ADI. TD Cowen raised their target price on Analog Devices from $200.00 to $250.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Raymond James Financial raised Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, June 18th. Citigroup reissued a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a report on Monday, July 7th. KeyCorp raised their target price on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Truist Financial lifted their price target on Analog Devices from $219.00 to $249.00 and gave the stock a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $273.53.
Read Our Latest Research Report on Analog Devices
Analog Devices Company Profile
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.
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