November 30, 2016 - By Dolores Ford
An insider Ray Stata who is director of Analog Devices Inc unloaded some 25,000 shares of the company valued at $1,863,250 U.S Dollars totalled based on $74.5 a share. Now, Ray Stata owns a total of 1.12 million shares or 0.36% of the Company’s total market capitalization.
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 -16.49% below today’s ($74.24) stock price. Analog Devices has been the topic of 63 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, January 11, the company rating was upgraded by Wells Fargo. UBS maintained the stock with “Neutral” rating in Wednesday, August 19 report. The firm earned “Equalweight” rating on Wednesday, July 27 by Barclays Capital. SunTrust upgraded the shares of ADI in a report on Wednesday, August 19 to “Buy” rating. The rating was downgraded by Bank of America to “Neutral” on Monday, June 27. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, July 27. The company was upgraded on Wednesday, November 23 by Bank of America. M Partners maintained the shares of ADI in a report on Wednesday, November 25 with “Neutral” rating. The rating was maintained by Pacific Crest on Wednesday, August 19 with “Overweight”. The company was maintained on Monday, January 18 by M Partners.
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.
Ashfield Capital Prns Ltd Company, a California-based fund reported 363,747 shares. Invesco Limited last reported 0.12% of its portfolio in the stock. First Natl Tru accumulated 24,988 shares or 0.22% of the stock. Frontier Cap Mngmt Co Limited Liability Co reported 1.14 million shares or 0.53% of all its holdings. Stifel Fincl last reported 90,253 shares in the company. Ladenburg Thalmann Financial Serv reported 10,556 shares or 0.01% of all its holdings. Moreover, Whittier Trust Communication has 0.01% invested in Analog Devices, Inc. (NASDAQ:ADI) for 3,631 shares. The New York-based Renaissance has invested 0.05% in Analog Devices, Inc. (NASDAQ:ADI). American Century has invested 0.01% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Brown Advisory Incorporated, a Maryland-based fund reported 4,750 shares. Mizuho Asset Mngmt Coltd owns 4,035 shares or 0.04% of their US portfolio. Everence Capital Management accumulated 13,300 shares or 0.23% of the stock. Valley Natl Advisers accumulated 0.26% or 8,712 shares. Comm Of Vermont holds 0.24% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 31,493 shares. Teachers Inc accumulated 0.04% or 438,429 shares.
Insider Transactions: Since July 15, 2016, the stock had 0 insider purchases, and 12 selling transactions for $10.61 million net activity. Shares for $463,065 were sold by SEIF MARGARET K on Friday, August 19. $1.60M worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by STATA RAY on Monday, August 22. The insider HODGSON JOHN C sold $483,143. Shares for $160,890 were sold by Wynne Eileen on Thursday, August 18. 10,000 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $629,120 were sold by Cotter Martin. Hess Rick D also sold $360,197 worth of Analog Devices, Inc. (NASDAQ:ADI) shares. The insider Real Peter sold $416,904.
The stock increased 0.18% or $0.13 during the last trading session, hitting $74.24. About 3.77M shares traded hands or 30.90% up from the average. Analog Devices, Inc. (NASDAQ:ADI) has risen 24.97% since April 27, 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 $22.99 billion. The Company’s operating divisions include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. It has a 26.89 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 Dolores Ford