Analog Devices Incorporated (NASDAQ:ADI) Short Interest Increased By 25.6%

June 20, 2017 - By Maria Brooks

 Analog Devices Incorporated (NASDAQ:ADI) Short Interest Increased By 25.6%

Investors sentiment decreased to 1.11 in Q4 2016. Its down 0.12, from 1.23 in 2016Q3. It dived, as 37 investors sold Analog Devices, Inc. shares while 203 reduced holdings. 79 funds opened positions while 187 raised stakes. 278.35 million shares or 3.79% more from 268.18 million shares in 2016Q3 were reported.
America First Inv Limited Liability Co, a Nebraska-based fund reported 777 shares. Blue Chip Partners Inc has 0.57% invested in Analog Devices, Inc. (NASDAQ:ADI). Moreover, Welch & Forbes Ltd Company has 0.05% invested in Analog Devices, Inc. (NASDAQ:ADI) for 24,125 shares. Stifel Fincl Corporation has 356,874 shares for 0.11% of their portfolio. First Republic Invest holds 0.02% or 34,523 shares in its portfolio. Next Fin Group holds 0% or 350 shares. Alkeon Cap Mngmt Ltd Llc has 1.43M shares. 8.25 million are owned by Blackrock Institutional Trust Na. Pictet Asset Mgmt invested in 0.04% or 164,441 shares. Alphamark Advsrs Lc has 0% invested in Analog Devices, Inc. (NASDAQ:ADI). Alliancebernstein L P owns 522,977 shares. Tortoise Invest Ltd Liability Corporation has invested 0% in Analog Devices, Inc. (NASDAQ:ADI). Envestnet Asset Management owns 0.03% invested in Analog Devices, Inc. (NASDAQ:ADI) for 128,492 shares. Horizon Kinetics Limited Liability Corporation owns 9,855 shares. Proshare Advsrs Ltd Liability has invested 0.09% in Analog Devices, Inc. (NASDAQ:ADI).

Since January 4, 2017, it had 1 buy, and 18 selling transactions for $20.75 million activity. STATA RAY sold $4.15M worth of stock or 50,000 shares. On Friday, March 24 the insider ROCHE VINCENT sold $3.88M. Real Peter sold $291,410 worth of Analog Devices, Inc. (NASDAQ:ADI) on Monday, March 20. NOVICH NEIL S sold $1.24M worth of stock. 81 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $6,538 were sold by CHAMPY JAMES. $247,500 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by SEIF MARGARET K. EVANS BRUCE R bought $2.08 million worth of Analog Devices, Inc. (NASDAQ:ADI) on Friday, March 17.

The stock of Analog Devices Incorporated (NASDAQ:ADI) registered an increase of 25.6% in short interest. ADI’s total short interest was 10.01 million shares in June as published by FINRA. Its up 25.6% from 7.97M shares, reported previously. With 3.76M shares average volume, it will take short sellers 3 days to cover their ADI’s short positions. The short interest to Analog Devices Incorporated’s float is 3.25%.

About 49,824 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since June 20, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

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 $29.54 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 30.75 P/E ratio. The Firm is a supplier of data converter products.

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

Among 25 analysts covering Analog Devices (NASDAQ:ADI), 14 have Buy rating, 1 Sell and 10 Hold. Therefore 56% are positive. Analog Devices had 76 analyst reports since July 22, 2015 according to SRatingsIntel. On Monday, January 11 the stock rating was upgraded by Wells Fargo to “Outperform”. Citigroup downgraded Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, July 27 to “Neutral” rating. The firm earned “Overweight” rating on Wednesday, July 27 by Morgan Stanley. Stifel Nicolaus maintained Analog Devices, Inc. (NASDAQ:ADI) on Thursday, September 8 with “Buy” rating. As per Monday, January 18, the company rating was maintained by M Partners. As per Monday, September 14, the company rating was upgraded by Evercore. The stock has “Buy” rating by Citigroup on Wednesday, September 30. On Tuesday, May 30 the stock rating was maintained by RBC Capital Markets with “Buy”. Oppenheimer downgraded the stock to “Perform” rating in Tuesday, December 15 report. The firm has “Neutral” rating given on Monday, June 27 by Bank of America.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Nasdaq.com which released: “Analog Devices, Inc. (ADI) Ex-Dividend Date Scheduled for June 07, 2017” on June 06, 2017, also Nasdaq.com with their article: “Earnings Reaction History: Analog Devices, Inc., 50.0% Follow-Through …” published on May 31, 2017, Businesswire.com published: “Analog Devices Reaches LTC Integration Milestone; Announces Senior Executive Team” on June 15, 2017. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Benzinga.com and their article: “Analog Devices Retreats Hard From All-Time High After Q1 Beat” published on June 02, 2017 as well as Zacks.com‘s news article titled: “How Analog Devices (ADI) Stock Stands Out in a Strong Industry” with publication date: June 06, 2017.

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