TD Asset Management Inc Sells 36,492 Shares of Analog Devices, Inc. $ADI

Key Points

• TD Asset Management Inc reduced its stake in Analog Devices, Inc. by 8.6%, selling 36,492 shares and holding 386,517 shares worth approximately $91.99 million.
• The company's recent quarterly earnings beat expectations, reporting $2.05 EPS and $2.88 billion in revenue, marking a 24.6% increase from the previous year.
• Despite insider selling, including CEO Vincent Roche offloading 20,000 shares, 86.81% of the stock is still owned by institutional investors, indicating strong support among large holders.

TD Asset Management Inc cut its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 386,517 shares of the semiconductor company's stock after selling 36,492 shares during the period. TD Asset Management Inc owned 0.08% of Analog Devices worth $91,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ADI. Activest Wealth Management raised its stake in shares of Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 127 shares during the last quarter. RMG Wealth Management LLC bought a new position in shares of Analog Devices in the second quarter worth about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $27,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $33,000. Finally, North Capital Inc. acquired a new stake in shares of Analog Devices during the 1st quarter worth approximately $36,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADI. Benchmark lifted their price target on shares of Analog Devices from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Piper Sandler lifted their price target on shares of Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Barclays lifted their price target on shares of Analog Devices from $185.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Analog Devices in a research report on Wednesday, October 8th. Finally, Noble Financial upgraded shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $275.29.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $254.29, for a total value of $5,085,800.00. Following the completion of the transaction, the chief executive officer owned 23,515 shares in the company, valued at $5,979,629.35. This represents a 45.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the transaction, the senior vice president owned 13,549 shares of the company's stock, valued at $3,360,558.47. This trade represents a 15.52% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,115 shares of company stock valued at $12,232,985. 0.33% of the stock is owned by corporate insiders.

Analog Devices Stock Up 0.3%

Shares of NASDAQ ADI opened at $235.40 on Wednesday. The stock has a market cap of $115.81 billion, a P/E ratio of 60.05, a P/E/G ratio of 1.98 and a beta of 1.09. The firm has a 50 day moving average price of $242.20 and a 200 day moving average price of $224.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.10. The company had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The business's quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Analog Devices's dividend payout ratio is 101.02%.

Analog Devices 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.

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