Analog Devices Up 6% On Earnings Beat, Dividend Raise

Shares of Analog Devices

are jumping today, gaining almost 6% after the company reported better than expected earnings, and also raised its dividend. The company also said it expects to earn 70-75 cents per share in the coming quarter on revenues of $765-$795 million. This is better than what Wall Street had been expecting, which is 70 cents per share on $762.7 million in revenues. Separately, ADI raised its regular quarterly dividend by 3 cents to 25 cents. At last check, shares of Analog Devices were up $2.35 to $42.58, a gain of 5.84%. Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits used in industrial, communication, computer, and consumer applications.