TD Waterhouse Canada Inc. Grows Stock Holdings in Analog Devices, Inc. $ADI

TD Waterhouse Canada Inc. increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 834.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 70,061 shares of the semiconductor company’s stock after buying an additional 62,567 shares during the period. TD Waterhouse Canada Inc.’s holdings in Analog Devices were worth $27,268,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ADI. BlackRock Inc. purchased a new stake in shares of Analog Devices during the second quarter worth about $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices in the 2nd quarter worth approximately $3,573,081,000. Norges Bank purchased a new stake in Analog Devices during the 4th quarter valued at approximately $2,215,516,000. Legal & General Group Plc purchased a new position in shares of Analog Devices in the second quarter worth $1,525,167,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Analog Devices during the second quarter worth $1,326,066,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total value of $3,563,300.00. Following the completion of the sale, the chief executive officer directly owned 134,660 shares in the company, valued at $47,983,397.80. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 41,363 shares of company stock worth $15,477,939. 0.36% of the stock is currently owned by insiders.

Analog Devices Price Performance

NASDAQ ADI opened at $362.25 on Friday. The company has a market cap of $175.54 billion, a PE ratio of 42.97, a P/E/G ratio of 1.10 and a beta of 1.20. The firm’s 50 day moving average price is $377.17 and its 200-day moving average price is $373.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices, Inc. has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 12.96 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s payout ratio is presently 52.19%.

Analysts Set New Price Targets

ADI has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their target price on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Argus set a $460.00 price target on shares of Analog Devices in a report on Tuesday, May 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 target price on shares of Analog Devices in a research note on Wednesday, August 19th. Robert W. Baird raised their price target on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $475.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Analog Devices has a consensus rating of “Buy” and a consensus target price of $454.63.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.