15 Best NASDAQ Dividend Stocks To Buy

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

Number of Hedge Fund Holders: 63

Analog Devices, Inc. (NASDAQ:ADI) is an American semiconductor manufacturing company that specializes in integrated circuits and systems. The company caters to a wide variety of industries, including industrial, automotive, communications, and consumer sectors. It places a strong emphasis on innovation, investing heavily in research and development to stay ahead in technology. The company’s strategy focuses on prioritizing customers, expanding into new markets through acquisitions, and maintaining its leadership in analog solutions. The stock has delivered a 16% return to shareholders in the past 12 months.

Analog Devices, Inc. (NASDAQ:ADI) posted solid earnings for fiscal Q4 2024. It reported quarterly revenue of $2.44 billion, which, although down more than 10% year-over-year, exceeded analysts’ expectations by over $37.65 million. Its operating margins remained above 40%, reflecting the strength of its business model. The company also remained focused on making strategic, long-term investments in areas such as engineering, manufacturing, and enhancing the customer experience.

In addition to delivering solid earnings, Analog Devices, Inc. (NASDAQ:ADI) also maintains a strong cash position, which supports its ability to pay dividends consistently. In FY24, the company generated $3.9 billion in operating cash flow and $3.1 billion in free cash flow. It returned $2.4 billion to shareholders, with $1.8 billion allocated to dividends. The company has raised its dividend payouts for 20 straight years, which makes it one of the best NASDAQ dividend stocks on our list. The company pays a quarterly dividend of $0.92 per share and has a dividend yield of 1.69%, as of January 15.

Insider Monkey’s database of Q3 2024 indicated that 63 hedge funds owned stakes in Analog Devices, Inc. (NASDAQ:ADI), down from 64 a quarter earlier. These stakes have a total value of over $4.4 billion. With nearly 4 million shares, First Eagle Investment Management was the company’s leading stakeholder in Q4.