Best Retirement Portfolio for a 65-Year-Old

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

Number of Hedge Fund Holders: 64

Number of Consecutive Years of Dividend Growth: 21

Average 5-Year Share Price Returns: 140.24%

Analog Devices, Inc. (NASDAQ:ADI) designs and sells integrated circuits, software, and subsystems for industries like automotive, healthcare, and consumer electronics. Its products include data converters, power management solutions, and MEMS technology. On March 10, ADI launched new tools to simplify development and enhance data security. The CodeFusion Studio System Planner streamlines project setup, while the Data Provenance solution ensures data integrity with secure metadata. These innovations pave the way for AI and machine learning in embedded systems.

Analog Devices, Inc. (NASDAQ:ADI) commenced fiscal 2025 with over $2.4 billion in revenue, seeing growth across Industrial, Automotive, and Communications, plus solid demand in the Consumer segment. Over the past year, the company pulled in $3.8 billion in operating cash flow and $3.2 billion in free cash flow. CEO Vincent Roche noted that despite economic and geopolitical challenges, ADI outperformed expectations because of cyclical recovery and new customer wins. CFO Richard Puccio added that bookings are steadily improving, especially in the Industrial and Automotive segments, setting the stage for continued growth in fiscal year 2025.

On February 18, Analog Devices, Inc. (NASDAQ:ADI) boosted its quarterly dividend by 8% to $0.99 per share, marking 21 straight years of increases. The dividend was paid on March 17 to shareholders on record as of March 4, 2025. The company also added $10 billion to its stock buyback program, bringing the total available for repurchases to $11.5 billion. Over the years, ADI has paid out more than $13 billion in dividends and bought back around $16 billion in stock. It is among the top stocks for the best retirement portfolio.

According to Insider Monkey’s Q4 data, 64 hedge funds reported owning stakes in Analog Devices, Inc. (NASDAQ:ADI), compared to 63 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management was the largest position holder in the company, with 2.85 million shares worth $607 million.