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

Key Points

• TD Waterhouse Canada increased its Analog Devices stake by 834.9% during the second quarter, bringing its holdings to 70,061 shares valued at approximately $27.3 million. Institutional investors collectively own 86.81% of ADI.
• Analysts remain broadly bullish, with the stock receiving an average “Buy” rating and a consensus price target of $454.63. Recent targets range from $430 to $550.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in adjusted EPS on $4.02 billion in revenue, while revenue grew 39.2% year over year. The company also declared a quarterly dividend of $1.10 per share, equivalent to a 1.2% annualized yield.

TD Waterhouse Canada Inc. boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 834.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,061 shares of the semiconductor company's stock after acquiring 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in ADI. ING Groep NV grew its stake in shares of Analog Devices by 45.1% in the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock worth $60,358,000 after buying an additional 69,202 shares during the last quarter. MGO One Seven LLC increased its holdings in shares of Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock valued at $12,352,000 after acquiring an additional 6,846 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Analog Devices by 2.4% in the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock worth $271,791,000 after purchasing an additional 23,531 shares during the last quarter. National Pension Service grew its position in Analog Devices by 0.5% during the 4th quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company's stock valued at $367,212,000 after purchasing an additional 6,492 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after purchasing an additional 10,648 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of Analog Devices stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the transaction, the director owned 114,511 shares in the company, valued at $43,213,016.07. This trade represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was 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 owned 134,660 shares of the company's stock, valued at $47,983,397.80. This trade represents a 6.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,363 shares of company stock valued at $15,477,939 in the last ninety days. Corporate insiders own 0.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ADI shares. BMO Capital Markets began coverage on shares of Analog Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price target on the stock. Fundamental Research set a $550.00 price objective on Analog Devices in a research report on Monday, June 29th. Barclays lifted their target price on Analog Devices from $430.00 to $450.00 and gave the stock an "overweight" rating in a report on Thursday, May 21st. Needham & Company LLC upped their price target on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 20th. Finally, Citigroup increased their price objective on Analog Devices from $400.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $454.63.

Analog Devices Price Performance

Shares of ADI opened at $362.25 on Friday. The firm has a fifty day simple moving average of $377.17 and a two-hundred day simple moving average of $373.91. The firm 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 company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices's revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices's payout ratio is 52.19%.

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.

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