5 Semiconductor Stocks that Pay Dividends

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

Dividend Yield as of August 23: 1.84%

Analog Devices, Inc. (NASDAQ:ADI) is an American multinational semiconductor company that specializes in data conversion and power management technology. The company’s fiscal Q3 results were appreciated by Wall Street analysts, as both Deutsche Bank and Truist raised their price targets on the stock in August to $170 and $209, respectively.

Analog Devices, Inc. (NASDAQ:ADI) remained committed to its shareholder obligations during its fiscal Q3, repurchasing shares worth $906 million and paying $394 million in dividends. The company’s revenue also jumped by 76.7% year-over-year to $3.1 billion. In addition to this, its operating cash flow stood at $4.3 billion, while free cash flow was recorded at $3.7 billion.

Analog Devices, Inc. (NASDAQ:ADI) holds a strong dividend history, raising its dividends consistently for the past 18 years and has paid dividends for 73 quarters straight. Its quarterly dividend stands at $0.76 per share, with the shares boasting a dividend yield of 1.84%, as of August 23.

As of the close of Q2 2022, 61 of the hedge funds tracked by Insider Monkey owned positions in Analog Devices, Inc. (NASDAQ:ADI), down from 67 in the preceding quarter. Those stakes were collectively valued at over $4.2 billion.