Analog Devices, Inc. (ADI) Position Increased by Toronto Dominion Bank

Toronto Dominion Bank increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 11.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 143,966 shares of the semiconductor company’s stock after buying an additional 15,146 shares during the period. Toronto Dominion Bank’s holdings in Analog Devices were worth $12,404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pathstone Family Office LLC boosted its holdings in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the period. Pitcairn Co. boosted its holdings in Analog Devices by 0.6% in the 2nd quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock valued at $367,000 after purchasing an additional 30 shares during the period. CENTRAL TRUST Co boosted its holdings in Analog Devices by 1.4% in the 2nd quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 32 shares during the period. Osborn Williams & Donohoe LLC boosted its holdings in Analog Devices by 1.2% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 34 shares during the period. Finally, Cookson Peirce & Co. Inc. boosted its holdings in Analog Devices by 0.4% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock valued at $812,000 after purchasing an additional 40 shares during the period. 86.42% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a report on Sunday, August 27th. Royal Bank Of Canada raised their price objective on shares of Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. BidaskClub downgraded shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Instinet raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and raised their price objective for the stock from $72.50 to $80.00 in a report on Thursday, August 31st. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $93.65.

Analog Devices, Inc. (ADI) traded up $0.41 during midday trading on Wednesday, hitting $90.44. 2,172,500 shares of the stock were exchanged, compared to its average volume of 2,935,285. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83. Analog Devices, Inc. has a 12 month low of $66.47 and a 12 month high of $92.96. The firm has a market capitalization of $33,250.00, a P/E ratio of 21.03, a PEG ratio of 1.75 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm’s revenue was up 64.9% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. sell-side analysts predict that Analog Devices, Inc. will post 4.6 earnings per share for the current fiscal year.

In related news, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,587,635.24. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Gregory N. Henderson sold 6,396 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $84.34, for a total transaction of $539,438.64. Following the transaction, the senior vice president now owns 10,327 shares in the company, valued at $870,979.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,994 shares of company stock worth $11,604,048. 1.10% of the stock is owned by corporate insiders.

Analog Devices Profile

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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