November 28, 2016 - By Louis Casey · 0 Comments
Analog Devices Inc (NASDAQ:ADI) institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.23, from 1 in 2016Q1. The ratio has increased, as 215 hedge funds increased and opened new equity positions, while 215 cut down and sold their holdings in Analog Devices Inc. The hedge funds in our partner’s database now hold: 259.50 million shares, down from 268.36 million shares in 2016Q1. Also, the number of hedge funds holding Analog Devices Inc in their top 10 equity positions decreased from 11 to 6 for a decrease of 5. Sold All: 44 Reduced: 171 Increased: 174 New Position: 41.
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 $23.06 billion. The Company’s operating divisions include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. It has a 26.87 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.
The stock increased 0.83% or $0.61 on November 25, hitting $74.2. Analog Devices, Inc. (NASDAQ:ADI) has risen 26.99% since April 25, 2016 and is uptrending. It has outperformed by 20.98% the S&P500.
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.”
Cantillon Capital Management Llc holds 6.7% of its portfolio in Analog Devices, Inc. for 7.02 million shares. Central Securities Corp owns 400,000 shares or 5.27% of their US portfolio. Moreover, Tirschwell & Loewy Inc has 3.3% invested in the company for 333,351 shares. The Massachusetts-based American Research & Management Co. has invested 3.11% in the stock. Spf Beheer Bv, a Netherlands-based fund reported 1.00 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 11 sales for $10.24 million net activity.
Ratings analysis reveals 58% of Analog Devices’s analysts are positive. Out of 24 Wall Street analysts rating Analog Devices, 14 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $50 while the high is $80. The stock’s average target of $62 is -16.44% below today’s ($74.2) share price. ADI was included in 63 notes of analysts from July 22, 2015. Pacific Crest maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, August 19 with “Overweight” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 23 report. The stock has “Neutral” rating given by Nomura on Friday, January 15. Stifel Nicolaus maintained it with “Buy” rating and $64 target price in Monday, January 18 report. The firm has “Outperform” rating given on Monday, August 3 by RBC Capital Markets. On Wednesday, August 19 the stock rating was maintained by Maxim Group with “Neutral”. The stock has “Outperform” rating given by Oppenheimer on Wednesday, July 27. The rating was upgraded by Evercore on Monday, September 14 to “Buy”. The firm has “Equalweight” rating given on Wednesday, July 27 by Barclays Capital. The firm has “Reduce” rating by Nomura given on Thursday, August 20.
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 recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Analog Devices, First Solar, Hewlett …” on November 23, 2016. Also Schaeffersresearch.com published the news titled: “Analyst Upgrades: Analog Devices, Inc., Veeva Systems Inc, and HP Inc” on November 23, 2016. Forbes.com‘s news article titled: “January 2019 Options Now Available For Analog Devices (ADI)” with publication date: November 14, 2016 was also an interesting one.
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By Louis Casey