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5 Best Income Stocks to Buy According to Analysts

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In this article, we discuss 5 best income stocks according to analysts. If you want to read our detailed analysis of dividend investing and the performance of dividend stocks in the past, go directly to read 15 Best Income Stocks to Buy According to Analysts

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

Upside Potential as of May 1: 22.4%
Average Price Target Based on Analyst Ratings: $220.3

Analog Devices, Inc. (NASDAQ:ADI) is an American semiconductor manufacturing company that also specializes in data conversion. In February, BMO Capital raised its price target on the stock to $215 with an Outperform rating on the shares, highlighting the company’s quarterly performance. The firm also appreciated the company’s strong free cash flow growth.

Analog Devices, Inc. (NASDAQ:ADI) currently pays a quarterly dividend of $0.86 per share and has a dividend yield of 1.91%, as of May 1. The company has raised its payouts 20 times in the past 19 years, which makes it one of the best dividend stocks on our list.

According to Insider Monkey’s Q4 2022 database, 75 hedge funds owned stakes in Analog Devices, Inc. (NASDAQ:ADI), up from 66 in the previous quarter. These stakes have a collective value of over nearly $5 billion.

Giverny Capital mentioned Analog Devices, Inc. (NASDAQ:ADI) in its Q4 2022 investor letter. Here is what the firm has to say:

“Ashtead Group and Analog Devices, Inc. (NASDAQ:ADI) were new purchases, made in May. They both performed well from our original purchase prices and I believe we upgraded the quality of our portfolio by adding them.

We established four new positions during the year, each of about 2%: Analog Devices, Ashtead Group, Floor & Décor, and Installed Building Products. We discussed these in prior letters and I’m pleased to report that Ashtead and Analog were among our best performing positions for the year.”

Follow Analog Devices Inc (NASDAQ:ADI)

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AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

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Early investors will be the ones positioned to ride the wave of this technological tsunami.

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Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…