Today: Today, Analog Devices Inc. (ADI) To Go Ex-Dividend on November 30th

Today, Analog Devices Inc. (ADI) To Go Ex-Dividend on November 30th

Analog Devices Inc. (NASDAQ:ADI) announced a quarterly dividend on Tuesday, November 22nd. Investors of record on Friday, December 2nd will be paid a dividend of 0.42 per share on Tuesday, December 13th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Wednesday, November 30th.

Shares of Analog Devices (NASDAQ:ADI) opened at 73.59 on Friday. The company has a 50 day moving average of $64.77 and a 200-day moving average of $61.30. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 34.76 and a beta of 1.18. Analog Devices has a one year low of $47.24 and a one year high of $74.87.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.16. The firm earned $1 million during the quarter, compared to the consensus estimate of $941.92 million. Analog Devices had a net margin of 25.18% and a return on equity of 19.51%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, analysts expect that Analog Devices will post $3.34 EPS for the current year.

A number of analysts have recently weighed in on the stock. MKM Partners upped their price target on shares of Analog Devices from $67.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday. KeyCorp upped their price target on shares of Analog Devices from $77.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank AG upped their price target on shares of Analog Devices from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday. Bank of America Corp. raised shares of Analog Devices from a “neutral” rating to a “buy” rating and upped their price target for the stock from $72.89 to $85.00 in a report on Wednesday. Finally, Robert W. Baird upped their price target on shares of Analog Devices to $77.00 in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $73.97.

In other news, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $63.20, for a total value of $1,580,000.00. Following the completion of the transaction, the director now owns 257,631 shares in the company, valued at $16,282,279.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Hodgson sold 7,500 shares of Analog Devices stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $64.42, for a total transaction of $483,150.00. Following the completion of the transaction, the director now owns 18,485 shares of the company’s stock, valued at approximately $1,190,803.70. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors boosted its position in shares of Analog Devices by 4.3% in the second quarter. BlackRock Fund Advisors now owns 5,858,605 shares of the company’s stock valued at $331,831,000 after buying an additional 243,142 shares in the last quarter. Credit Suisse AG boosted its position in shares of Analog Devices by 16.7% in the third quarter. Credit Suisse AG now owns 763,993 shares of the company’s stock valued at $49,239,000 after buying an additional 109,203 shares in the last quarter. Tiverton Asset Management LLC boosted its position in shares of Analog Devices by 1,410.4% in the second quarter. Tiverton Asset Management LLC now owns 680,032 shares of the company’s stock valued at $16,300,000 after buying an additional 635,009 shares in the last quarter. BlackRock Investment Management LLC boosted its position in shares of Analog Devices by 4.8% in the second quarter. BlackRock Investment Management LLC now owns 670,051 shares of the company’s stock valued at $37,952,000 after buying an additional 30,587 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Analog Devices by 1.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 627,277 shares of the company’s stock valued at $35,529,000 after buying an additional 9,796 shares in the last quarter. 86.33% of the stock is owned by institutional investors.

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