Analog Devices Inc 2016 Q4 Institutional Investor Sentiment Better Than Expected

August 24, 2017 - By Winifred Garcia

 Analog Devices Inc  2016 Q4 Institutional Investor Sentiment  Better Than Expected

Sentiment for Analog Devices Inc (NASDAQ:ADI)

Analog Devices Inc (NASDAQ:ADI) institutional sentiment decreased to 1.11 in Q4 2016. Its down -0.12, from 1.23 in 2016Q3. The ratio dropped, as 266 investment professionals started new and increased positions, while 240 trimmed and sold stakes in Analog Devices Inc. The investment professionals in our partner’s database reported: 278.35 million shares, up from 268.18 million shares in 2016Q3. Also, the number of investment professionals holding Analog Devices Inc in their top 10 positions increased from 9 to 11 for an increase of 2. Sold All: 37 Reduced: 203 Increased: 187 New Position: 79.

Analog Devices, Inc. designs, makes and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. The company has market cap of $29.02 billion. The Company’s products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. It has a 30.34 P/E ratio. The Firm is a supplier of data converter products.

About 384,162 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since August 24, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Cantillon Capital Management Llc holds 6.87% of its portfolio in Analog Devices, Inc. for 6.75 million shares. Central Securities Corp owns 450,000 shares or 6.52% of their US portfolio. Moreover, Southport Management L.L.C. has 5.35% invested in the company for 55,000 shares. The New York-based Tirschwell & Loewy Inc has invested 4.16% in the stock. American Research & Management Co., a Massachusetts-based fund reported 136,544 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 13 selling transactions for $17.30 million activity.

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

Ratings analysis reveals 56% of Analog Devices’s analysts are positive. Out of 25 Wall Street analysts rating Analog Devices, 14 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $50 while the high is $10500. The stock’s average target of $76.31 is -3.50% below today’s ($79.08) share price. ADI was included in 82 notes of analysts from July 22, 2015. RBC Capital Markets maintained Analog Devices, Inc. (NASDAQ:ADI) on Monday, January 30 with “Outperform” rating. The stock has “Outperform” rating by CLSA on Thursday, October 20. The firm has “Reduce” rating given on Friday, June 2 by Nomura. The firm has “Neutral” rating given on Friday, January 15 by UBS. The company was maintained on Tuesday, June 20 by Oppenheimer. M Partners maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, August 19 with “Neutral” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by SunTrust on Wednesday, May 31. The firm has “Reduce” rating by Nomura given on Thursday, August 20. B. Riley & Co maintained it with “Buy” rating and $75 target in Wednesday, August 19 report. Raymond James downgraded the shares of ADI in report on Tuesday, April 19 to “Outperform” rating.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Seekingalpha.com which released: “Analog Devices: Winning Or Losing On Apple’s Next iPhone” on July 27, 2017, also Nasdaq.com with their article: “Trillium Asset Management, Llc Buys Analog Devices Inc, Avangrid Inc, Nike Inc …” published on August 03, 2017, Marketwatch.com published: “Analog Devices names Prashanth Mahendra-Rajah its new CFO” on August 16, 2017. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Seekingalpha.com and their article: “Analog Devices Has High Margin Of Safety” published on July 27, 2017 as well as Nasdaq.com‘s news article titled: “Elefante Mark B Buys Xilinx Inc, Analog Devices Inc, Xylem Inc, Sells Oracle Corp” with publication date: July 27, 2017.

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