Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Analog Devices (Nasdaq: ADI) is tomorrow, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $45.80 as of 9:31 a.m. ET, the dividend yield is 3%. The average volume for Analog Devices has been 2.4 million shares per day over the past 30 days. Analog Devices has a market cap of $13.98 billion and is part of the technology sector and electronics industry. Shares are up 7.9% year to date as of the close of trading on Friday. Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Analog Devices as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Analog Devices Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.