Analog Devices, Inc. $ADI Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 41.6% in the 2nd quarter, Holdings Channel reports. The firm owned 351,391 shares of the semiconductor company’s stock after purchasing an additional 103,237 shares during the quarter. Mackenzie Financial Corp’s holdings in Analog Devices were worth $83,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its stake in Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of Analog Devices by 160.2% during the first quarter. Arkadios Wealth Advisors now owns 8,100 shares of the semiconductor company’s stock valued at $1,633,000 after purchasing an additional 4,987 shares during the last quarter. Sound View Wealth Advisors Group LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $206,000. Blueshift Asset Management LLC bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $260,000. Finally, Baker Avenue Asset Management LP boosted its position in Analog Devices by 6.5% during the 1st quarter. Baker Avenue Asset Management LP now owns 2,347 shares of the semiconductor company’s stock valued at $473,000 after purchasing an additional 144 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In other news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the sale, the director owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin Cotter sold 12,500 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $246.25, for a total value of $3,078,125.00. Following the completion of the sale, the senior vice president owned 63,048 shares of the company’s stock, valued at approximately $15,525,570. This trade represents a 16.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 39,750 shares of company stock valued at $9,598,496 in the last quarter. Company insiders own 0.33% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $265.52 on Friday. The firm has a market capitalization of $130.62 billion, a PE ratio of 67.73, a P/E/G ratio of 1.98 and a beta of 1.09. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $239.64 and a 200 day moving average price of $236.28. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $265.75.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research note on Wednesday. Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a research report on Friday, November 21st. Zacks Research downgraded shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. KeyCorp boosted their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $300.00 target price on shares of Analog Devices in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $281.87.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.