Analog Devices (ADI) - Get Report disclosed after the bell Tuesday that the Securities and Exchange Commission is conducting an inquiry into the company's granting of stock options during the past five years to its officers and directors.

In its recent 10-K filed Tuesday, the semiconductor company said: "Each year, we grant stock options to a broad base of employees (including officers and directors), and in some years those grants have occurred shortly before our issuance of favorable annual financial results."

ADI said it intends to cooperate with the SEC but is unable to predict the outcome of the inquiry.

The company said it believes other companies have received similar inquiries.