Analog Devices, Inc. (NASDAQ:ADI) develops and sells high-performance analog, mixed-signal, and digital signal processing chips that power a wide range of uses, including industrial automation, automotive systems, consumer electronics, and advanced communications networks.
In recent years, Analog Devices, Inc. (NASDAQ:ADI) has placed strong emphasis on innovation and research and development. The aim is to stay at the forefront of technology while meeting the evolving demands of its industrial, automotive, communications, and consumer markets. Its long-term success depends on sustained R&D spending, close collaboration with customers, and aligning its solutions with major growth trends like the digital transformation of manufacturing and the rise of AI-powered infrastructure.
In addition, Analog Devices, Inc. (NASDAQ:ADI) has also been distributing dividends generously over the years, which makes it one of the best dividend-paying stocks to buy now. The company has raised its payouts for 21 years straight. Currently, it pays a quarterly dividend of $0.99 per share and has a dividend yield of 1.61%, as of September 19.
While we acknowledge the potential of ADI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Disclosure: None.