Short Interest Change: It Seems Analog Devices Incorporated (NASDAQ:ADI) Will Go Down. Just Reported More Shorted Shares

November 23, 2016 - By Clifton Ray   ·   0 Comments

Short Interest Change: It Seems Analog Devices Incorporated (NASDAQ:ADI) Will Go Down. Just Reported More Shorted Shares

The stock of Analog Devices Incorporated (NASDAQ:ADI) registered an increase of 20.28% in short interest. ADI’s total short interest was 14.35M shares in November as published by FINRA. Its up 20.28% from 11.93 million shares, reported previously. With 2.42M shares average volume, it will take short sellers 6 days to cover their ADI’s short positions. The short interest to Analog Devices Incorporated’s float is 4.69%. About 2.39 million shares traded hands. Analog Devices, Inc. (NASDAQ:ADI) has risen 23.94% since April 21, 2016 and is uptrending. It has outperformed by 18.61% 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 $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.

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.
Moreover, Rainier Invest Management Limited Co has 0.18% invested in Analog Devices, Inc. (NASDAQ:ADI) for 66,460 shares. The Illinois-based First Advsr Ltd Partnership has invested 0.11% in Analog Devices, Inc. (NASDAQ:ADI). Quantitative Invest Ltd Llc has 24,000 shares for 0.06% of their US portfolio. Jane Street Grp Limited Liability has 0% invested in the company for 11,828 shares. Kayne Anderson Rudnick Inv Mngmt Limited Liability Com accumulated 251,693 shares or 0.21% of the stock. The California-based Tarbox Group has invested 0% in Analog Devices, Inc. (NASDAQ:ADI). Tdam Usa Inc, a Ontario – Canada-based fund reported 9,028 shares. The California-based Doheny Asset Ca has invested 0.49% in Analog Devices, Inc. (NASDAQ:ADI). Old Natl Commercial Bank In holds 0.06% or 17,796 shares in its portfolio. Advisory Service Network Ltd Liability Com owns 2,020 shares or 0.03% of their US portfolio. The Michigan-based Plante Moran Finance Advisors Ltd Liability Corporation has invested 0.06% in Analog Devices, Inc. (NASDAQ:ADI). Mizuho Trust & Bk Communication Ltd accumulated 0.09% or 526,021 shares. Richard Bernstein Advsr Limited Liability holds 0.21% or 39,829 shares in its portfolio. Moreover, Grandfield And Dodd Ltd has 2.46% invested in Analog Devices, Inc. (NASDAQ:ADI) for 310,034 shares. Moreover, Dekabank Deutsche Girozentrale has 0.01% invested in Analog Devices, Inc. (NASDAQ:ADI) for 12,954 shares.

Insider Transactions: Since July 15, 2016, the stock had 0 insider purchases, and 11 sales for $10.24 million net activity. Zinsner David also sold $964,935 worth of Analog Devices, Inc. (NASDAQ:ADI) shares. The insider Cotter Martin sold 10,000 shares worth $629,120. $463,065 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by SEIF MARGARET K on Friday, August 19. 25,000 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $1.60 million were sold by STATA RAY. Another trade for 6,000 shares valued at $360,197 was made by Hess Rick D on Friday, July 15. Another trade for 6,500 shares valued at $416,904 was made by Real Peter on Thursday, September 29. HODGSON JOHN C had sold 7,500 shares worth $483,143 on Tuesday, October 4.

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

Out of 24 analysts covering Analog Devices (NASDAQ:ADI), 13 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 54% are positive. Analog Devices has been the topic of 62 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Wednesday, August 19 by BMO Capital Markets. Nomura upgraded the stock to “Neutral” rating in Friday, January 15 report. Barclays Capital maintained Analog Devices, Inc. (NASDAQ:ADI) rating on Wednesday, July 27. Barclays Capital has “Equalweight” rating and $64 price target. The rating was maintained by Deutsche Bank with “Hold” on Thursday, August 6. As per Wednesday, November 25, the company rating was maintained by M Partners. The rating was downgraded by Citigroup on Wednesday, July 27 to “Neutral”. The company was maintained on Monday, January 18 by M Partners. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, August 19. The rating was downgraded by Nomura on Thursday, August 20 to “Reduce”. As per Wednesday, August 19, the company rating was upgraded by SunTrust.

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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By Clifton Ray


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