5 Best Dividend Stocks to Buy According to Al Gore and David Blood

3. Analog Devices, Inc. (NASDAQ: ADI)

Generation Investment’s Stake Value: $851,296,000
Percentage of Generation Investment’s 13F Portfolio: 3.56%
Dividend Yield: 1.66%
Number of Hedge Fund Holders: 50

Analog Devices, Inc. (NASDAQ: ADI) is an American international optoelectronic company focusing on data transformation, signal handling, and power control technology. It was founded in 1965 and ranks third on the list of 10 best dividend stocks to buy according to Al Gore and David Blood. On the other hand, Generation Investment’s bet on Analog Devices is also paying off. The company stock is up 37.29% over the last 12 months.

On May 19, the company declared $0.69 quarterly dividends for the first three months of 2021, in line with previous. The forward yield is 1.64%. On May 20, Bernstein upgraded Analog Devices from “Market Perform” to “Outperform” with a price target of $185.00.

Generation Investment holds more than 5.49 million shares in the firm worth over $851.30 million, representing 3.56% of their investment portfolio, making it the most significant stakeholder. Generation Investment has trimmed their Analog stake by 7% in Q1 2021. 

Weitz Investment Management, in their Q4 2020 investor letter, mentioned Analog Devices. Here is what the fund said:

“Analog Devices benefited from several global, long-wave trends such as automation, electric vehicles and the 5G network build-out. The company’s quarterly sales into the auto, industrial and communications sectors exceeded expectations, giving the stock a lift.”