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This Chip Stock Pays a Nice Dividend, but Should You Buy?

TheMotleyFool

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This Chip Stock Pays a Nice Dividend, but Should You Buy?

Analog Devices (NASDAQ: ADI) management seemed confident of the company's ability to withstand the novel coronavirus-related uncertainties a couple of months ago. It also sweetened its dividend with a hike of 15%.

But Analog pulled its fiscal second-quarter guidance toward the end of March, citing supply chain disruptions and an uncertain demand environment caused by the COVID-19 outbreak. Despite that, the broader stock market rally has lifted the company's shares, making Analog Devices stock relatively expensive considering that its business was facing quite a few headwinds even before the pandemic started shutting the economy down.