November 29, 2016 - By Ellis Scott
Judging by the deal John Hodgson made he is in stock market attention today. The director of Analog Devices Inc and an insider, unloaded 5,000 shares worth $369,745 USD. The average price was $73.9 per share. The dated 29/11/2016 transaction’s filing submitted with the Washington-based SEC is ready for use online here. John Hodgson right now owns 11,885 shares which are equivalent to around 0.00% of the Massachusetts-Company’s market capitalization (total value of the shares outstanding).
Out of 24 analysts covering Analog Devices (NASDAQ:ADI), 14 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 58% are positive. $80 is the highest target while $50 is the lowest. The $62 average target is -16.81% below today’s ($74.53) stock price. Analog Devices has been the topic of 63 analyst reports since July 22, 2015 according to StockzIntelligence Inc. BMO Capital Markets upgraded Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, October 14 to “Outperform” rating. The rating was upgraded by Citigroup on Wednesday, September 30 to “Buy”. The firm has “Neutral” rating by M Partners given on Monday, January 18. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 23. The firm has “Equal-Weight” rating given on Friday, December 4 by Barclays Capital. As per Wednesday, July 27, the company rating was upgraded by Evercore. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Outperform” rating given on Monday, January 18 by RBC Capital Markets. On Monday, August 3 the stock rating was reinitiated by RBC Capital Markets with “Outperform”. Morgan Stanley upgraded it to “Overweight” rating and $78 target price in Wednesday, July 27 report. The stock has “Buy” rating given by Bank of America on Wednesday, November 23.
Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.23, from 1 in 2016Q1. The ratio is positive, 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.
Amica Mutual Insur has invested 0.1% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Commerzbank Aktiengesellschaft Fi last reported 14,263 shares in the company. Clark Management has 212,697 shares for 0.78% of their US portfolio. Bb&T holds 25,166 shares or 0.03% of its portfolio. Moreover, Fjarde Ap has 0.1% invested in Analog Devices, Inc. (NASDAQ:ADI) for 73,561 shares. Alliancebernstein Limited Partnership has 551,868 shares for 0.03% of their US portfolio. Naples Global Advisors Ltd Com last reported 29,930 shares in the company. Deere has invested 0.09% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Manchester Capital Llc reported 1,668 shares or 0.01% of all its holdings. Next Gru last reported 200 shares in the company. Strs Ohio holds 0% or 7,998 shares in its portfolio. Millennium Management Limited Liability Corp accumulated 242,094 shares or 0.03% of the stock. The Massachusetts-based Liberty Mutual Grp Inc Asset Management has invested 0.04% in Analog Devices, Inc. (NASDAQ:ADI). Diam, a Japan-based fund reported 29,403 shares. Ig Inv Mgmt Ltd owns 31,120 shares or 0.01% of their US portfolio.
Insider Transactions: Since July 15, 2016, the stock had 0 insider buys, and 11 insider sales for $10.24 million net activity. SEIF MARGARET K also sold $463,065 worth of Analog Devices, Inc. (NASDAQ:ADI) shares. $1.58M worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by STATA RAY. $483,143 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by HODGSON JOHN C on Tuesday, October 4. $629,120 worth of Analog Devices, Inc. (NASDAQ:ADI) shares were sold by Cotter Martin. 6,000 shares were sold by Hess Rick D, worth $375,780. Another trade for 6,500 shares valued at $416,904 was sold by Real Peter. Zinsner David had sold 15,000 shares worth $964,935.
The stock increased 0.50% or $0.37 during the last trading session, hitting $74.53. About 2.89 million shares traded hands or 0.70% up from the average. Analog Devices, Inc. (NASDAQ:ADI) has risen 25.00% since April 26, 2016 and is uptrending. It has outperformed by 19.74% the S&P500.
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 $22.96 billion. The Company’s operating divisions include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. It has a 26.99 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.”
Another recent and important Analog Devices, Inc. (NASDAQ:ADI) news was published by Forbes.com which published an article titled: “Ex-Dividend Reminder: Fair Isaac, Analog Devices and Lexmark International” on November 28, 2016.
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.
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By Ellis Scott