Mackenzie Financial Corp Has $1.65 Million Position in Analog Devices, Inc. (ADI)

Mackenzie Financial Corp reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,112 shares of the semiconductor company’s stock after selling 77 shares during the period. Mackenzie Financial Corp’s holdings in Analog Devices were worth $1,648,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its stake in shares of Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 11 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Analog Devices by 1.5% in the first quarter. Peapack Gladstone Financial Corp now owns 3,095 shares of the semiconductor company’s stock valued at $254,000 after buying an additional 45 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Analog Devices by 1.3% in the first quarter. Sunbelt Securities Inc. now owns 3,639 shares of the semiconductor company’s stock valued at $298,000 after buying an additional 48 shares in the last quarter. Madison Investment Holdings Inc. raised its stake in shares of Analog Devices by 0.6% in the first quarter. Madison Investment Holdings Inc. now owns 10,902 shares of the semiconductor company’s stock valued at $893,000 after buying an additional 61 shares in the last quarter. Finally, Catawba Capital Management VA raised its stake in shares of Analog Devices by 3.0% in the first quarter. Catawba Capital Management VA now owns 4,011 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) opened at 78.14 on Wednesday. Analog Devices, Inc. has a 52-week low of $52.17 and a 52-week high of $90.49. The company has a 50-day moving average of $80.06 and a 200 day moving average of $78.13. The company has a market cap of $28.68 billion, a PE ratio of 29.93 and a beta of 1.27.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.18. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. Equities research analysts predict that Analog Devices, Inc. will post $4.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Friday, June 9th were issued a $0.45 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $1.80 annualized dividend and a dividend yield of 2.30%. Analog Devices’s payout ratio is currently 67.92%.

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ADI has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a research report on Tuesday. Raymond James Financial, Inc. started coverage on Analog Devices in a report on Friday, June 16th. They issued a “market perform” rating for the company. Credit Suisse Group reissued an “outperform” rating and issued a $100.00 price target on shares of Analog Devices in a report on Saturday, June 3rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Analog Devices in a report on Friday, June 2nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $100.00 price target (up previously from $92.00) on shares of Analog Devices in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $88.67.

In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of the business’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total value of $4,108,750.00. Following the completion of the transaction, the chief executive officer now directly owns 61,484 shares in the company, valued at $5,318,366. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin Cotter sold 2,000 shares of the business’s stock in a transaction dated Friday, April 7th. The stock was sold at an average price of $80.04, for a total transaction of $160,080.00. The disclosure for this sale can be found here. Insiders sold 67,526 shares of company stock valued at $5,684,971 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

About Analog Devices

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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