The stock of Analog Devices, Inc. (NASDAQ:ADI) is a huge mover today! About 7.46M shares traded hands or 175.28% up from the average. 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.
The move comes after 7 months positive chart setup for the $22.88B company. It was reported on Nov, 22 by Barchart.com. We have $76.33 PT which if reached, will make NASDAQ:ADI worth $915.20 million more.
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 company was maintained on Thursday, July 23 by Stifel Nicolaus. On Friday, July 1 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Equalweight” rating given on Wednesday, July 27 by Barclays Capital. Oppenheimer upgraded the stock to “Outperform” rating in Wednesday, July 27 report. Barclays Capital downgraded Analog Devices, Inc. (NASDAQ:ADI) on Friday, December 4 to “Equal-Weight” rating. As per Friday, January 15, the company rating was upgraded by Nomura. As per Tuesday, April 19, the company rating was downgraded by Raymond James. The firm earned “Outperform” rating on Monday, November 23 by RBC Capital Markets. RBC Capital Markets reinitiated it with “Outperform” rating and $70.0 target price in Monday, August 3 report. The company was maintained on Wednesday, August 19 by BMO Capital Markets.
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 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.
D E Shaw & Co Inc holds 1.46 million shares or 0.15% of its portfolio. Advisors Asset Mngmt has 0.07% invested in the company for 81,259 shares. Sei Investments owns 49,793 shares or 0.02% of their US portfolio. The California-based Advisor Ltd Liability Corp has invested 0.07% in Analog Devices, Inc. (NASDAQ:ADI). Retail Bank Of Nova Scotia accumulated 0% or 6,178 shares. Blackrock Institutional Trust Na holds 8.65 million shares or 0.08% of its portfolio. Cleararc owns 7,478 shares or 0.08% of their US portfolio. The Massachusetts-based Forbes J M Com Llp has invested 0.06% in Analog Devices, Inc. (NASDAQ:ADI). Ferguson Wellman Cap Management, a Oregon-based fund reported 32,352 shares. Alphamark Ltd Liability reported 67 shares or 0% of all its holdings. New England Rech holds 0.98% or 20,000 shares in its portfolio. Cullen Frost Bankers Inc holds 0.07% or 32,465 shares in its portfolio. Eads And Heald Inv Counsel has 0.22% invested in the company for 5,521 shares. The New York-based Neuberger Berman Lc has invested 0.07% in Analog Devices, Inc. (NASDAQ:ADI). Moreover, Old Dominion Cap Mgmt Inc has 1.06% invested in Analog Devices, Inc. (NASDAQ:ADI) for 15,734 shares.
Insider Transactions: Since July 15, 2016, the stock had 0 insider buys, and 11 insider sales for $10.24 million net activity. Hess Rick D had sold 6,000 shares worth $360,197. Real Peter had sold 6,500 shares worth $416,904. 2,504 shares were sold by Wynne Eileen, worth $160,890 on Thursday, August 18. 50,000 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $3.20 million were sold by STATA RAY. $629,120 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by Cotter Martin. $964,935 worth of shares were sold by Zinsner David on Thursday, August 18. Shares for $483,143 were sold by HODGSON JOHN C.
More news for Analog Devices, Inc. (NASDAQ:ADI) were recently published by: Nasdaq.com, which released: “Analog Devices (ADI) Buys Laser Technology to Boost LIDAR” on November 21, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Analog Devices, Inc., 44.4% Follow-Through …” and published on November 22, 2016 is yet another important article.
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.
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