Some Traders See Unusual Bearish Options Activity in Analog Devices, Inc.

 Some Traders See Unusual Bearish Options Activity in Analog Devices, Inc.

In today’s session Analog Devices, Inc. (ADI) recorded an unusually high (193) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ADI decrease. With 193 contracts traded and 1754 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ADI161216P00065000 closed last at: $0.95 or 13.6% down. About 2.42 million shares traded hands. Analog Devices, Inc. (NASDAQ:ADI) has risen 17.98% since April 20, 2016 and is uptrending. It has outperformed by 13.42% the S&P500.

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. Maxim Group maintained the stock with “Neutral” rating in Wednesday, August 19 report. The stock has “Overweight” rating given by Morgan Stanley on Wednesday, July 27. On Thursday, August 6 the stock rating was maintained by Deutsche Bank with “Hold”. Oppenheimer upgraded the shares of ADI in a report on Wednesday, July 27 to “Outperform” rating. The rating was maintained by BMO Capital Markets on Wednesday, August 19 with “Market Perform”. The firm earned “Neutral” rating on Wednesday, November 25 by M Partners. The company was maintained on Friday, January 15 by Stifel Nicolaus. On Wednesday, August 19 the stock rating was upgraded by SunTrust to “Buy”. The rating was maintained by Credit Suisse with “Outperform” on Monday, November 23. The stock has “Buy” rating given by Stifel Nicolaus on Monday, January 18.

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.”

Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. 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.
Tarbox Gru Incorporated Inc has invested 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Citadel Advisors Limited Co accumulated 0.24% or 3.86M shares. Paradigm Asset Limited Company last reported 11,900 shares in the company. Ahl Llp has 0.05% invested in the company for 15,710 shares. Intrust Commercial Bank Na has 3,731 shares for 0.09% of their US portfolio. Supplemental Annuity Collective Tru Of Nj last reported 0.28% of its portfolio in the stock. Diam Ltd, a Japan-based fund reported 29,403 shares. Wells Fargo & Mn, a California-based fund reported 6.90M shares. The Alaska-based State Of Alaska Department Of Revenue has invested 0.14% in Analog Devices, Inc. (NASDAQ:ADI). Keybank Association Oh holds 0% or 8,368 shares in its portfolio. Bokf Na has 17,351 shares for 0.03% of their US portfolio. Coastline Trust Communication holds 0.14% or 11,845 shares in its portfolio. The Massachusetts-based Anchor Cap Advsr Limited has invested 1.17% in Analog Devices, Inc. (NASDAQ:ADI). Mar Vista Inv Prtn Ltd Liability owns 11,041 shares or 0.04% of their US portfolio. Oakworth Cap has invested 0.09% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI).

Insider Transactions: Since July 15, 2016, the stock had 0 buys, and 11 selling transactions for $10.24 million net activity. HODGSON JOHN C sold 7,500 shares worth $483,143. Zinsner David sold $964,935 worth of stock or 15,000 shares. Hess Rick D sold 6,000 shares worth $360,197. $416,904 worth of shares were sold by Real Peter on Thursday, September 29. Shares for $160,890 were sold by Wynne Eileen. Cotter Martin also sold $629,120 worth of Analog Devices, Inc. (NASDAQ:ADI) shares. Shares for $463,065 were sold by SEIF MARGARET K on Friday, August 19.

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 $22.74 billion. The Company’s operating divisions include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia. It has a 34.79 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.

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 news for Analog Devices, Inc. (NASDAQ:ADI) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Analog Devices, Inc., 44.4% Follow-Through …” on November 22, 2016. Nasdaq.com‘s article titled: “Analog Devices (ADI) Buys Laser Technology to Boost LIDAR” and published on November 21, 2016 is yet another important article.

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