Important Rating: Is Analog Devices (ADI) a Buy? BofA Merrill Upgrades It

November 23, 2016 - By Adrian Mccoy

Important Rating:  Is Analog Devices (ADI) a Buy? BofA Merrill Upgrades It

Analog Devices (ADI) Upgrade

EU-listed Analog Devices (ADI), was upgraded by equity analysts at BofA Merrill. The firm upgraded its rating on the $23.78 billion market cap company to a “Buy” from a previous “Neutral”.

Analog Devices, Inc. (NASDAQ:ADI) Ratings Coverage

Out of 2 analysts covering Analog Devices (ADI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Analog Devices has been the topic of 2 analyst reports since September 8, 2016 according to StockzIntelligence Inc. On Thursday, October 20 the stock rating was initiated by CLSA with “Outperform”. As per Thursday, September 8, the company rating was maintained by Stifel Nicolaus.

About 2.40M shares traded hands. Analog Devices, Inc. (ADI) has risen 23.94% since April 21, 2016 and is uptrending. It has outperformed by 18.61% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.23, from 1 in 2016Q1. The ratio increased, as 44 funds sold all Analog Devices, Inc. shares owned while 171 reduced positions. 41 funds bought stakes while 174 increased positions. They now own 259.50 million shares or 3.30% less from 268.36 million shares in 2016Q1.

D E Shaw last reported 0.15% of its portfolio in the stock. Capstone Asset holds 98,908 shares or 0.17% of its portfolio. State Of Alaska Department Of Revenue accumulated 24,430 shares or 0.14% of the stock. Tokio Marine Asset Mngmt Company Limited has invested 0.05% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Duncker Streett And Co Incorporated, a Missouri-based fund reported 1,100 shares. Delta Lloyd Nv holds 0.05% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 26,466 shares. Covington Cap Mngmt has 32,592 shares for 0.17% of their US portfolio. The Illinois-based Segall Bryant Hamill Ltd has invested 0.07% in Analog Devices, Inc. (NASDAQ:ADI). Aviva Public Limited Company reported 208,708 shares or 0.08% of all its holdings. Nuveen Asset Management Llc holds 0.04% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 124,560 shares. Moreover, Tiaa Cref Tru Co Fsb Mo has 0.06% invested in Analog Devices, Inc. (NASDAQ:ADI) for 114,416 shares. Moreover, Tirschwell & Loewy has 3.3% invested in Analog Devices, Inc. (NASDAQ:ADI) for 333,351 shares. Credit Agricole S A last reported 89,538 shares in the company. Fiera Capital has 0% invested in the company for 14,211 shares. Boston Family Office Lc, a Massachusetts-based fund reported 6,600 shares.

Insider Transactions: Since July 15, 2016, the stock had 0 insider buys, and 11 sales for $10.24 million net activity. SEIF MARGARET K had sold 7,232 shares worth $463,065 on Friday, August 19. Zinsner David sold $964,935 worth of stock or 15,000 shares. STATA RAY had sold 50,000 shares worth $3.20 million. Shares for $483,143 were sold by HODGSON JOHN C on Tuesday, October 4. 6,500 shares with value of $416,904 were sold by Real Peter on Thursday, September 29. Cotter Martin had sold 10,000 shares worth $629,120 on Tuesday, September 27. 6,000 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $375,780 were sold by Hess Rick D.

Analog Devices, Inc. is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. The company has a market cap of $23.78 billion. The Company’s operating divisions include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. It has a 34.98 P/E ratio. The Company’s signal processing products help in converting, conditioning and processing real-world phenomena, such as temperature, pressure, sound, light, speed and motion into electrical signals.

According to Zacks Investment Research, “Analog Devices, Inc. is one of the world leaders in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in signal processing applications. Applications for its products include communications, cellular telephones, computers and computer peripherals, consumer electronics, automotive electronics, factory automation, process control and military and space systems.”

ADI Company Profile

Analog Devices, Inc., incorporated on January 18, 1965, is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating divisions include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. The Company’s signal processing products help in converting, conditioning and processing real-world phenomena, such as temperature, pressure, sound, light, speed and motion into electrical signals, which are to be used in a range of electronic devices. The Firm combines data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP, micro controllers and other processors, into technology platforms. The Company’s products are embedded inside various types of electronic equipment, including industrial process control systems, medical imaging equipment, factory automation systems, patient monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles and portable electronic devices.

More important recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Schaeffersresearch.com which released: “Analyst Upgrades: Analog Devices, Inc., Veeva Systems Inc, and HP Inc” on November 23, 2016, also 247Wallst.com published article titled: “Top Analyst Upgrades and Downgrades: Analog Devices, First Solar, Hewlett …”, Nasdaq.com published: “Earnings Reaction History: Analog Devices, Inc., 44.4% Follow-Through …” on November 22, 2016. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) was released by: Nasdaq.com and their article: “Analog Devices (ADI) Buys Laser Technology to Boost LIDAR” with publication date: November 21, 2016.

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