Jefferies Reconfirmed Analog Devices (NASDAQ:ADI) As a Buy; They Now Have a Target Price Of $100.0

September 17, 2017 - By Richard Conner

 Jefferies Reconfirmed Analog Devices (NASDAQ:ADI) As a Buy; They Now Have a Target Price Of $100.0

Investors sentiment decreased to 1.11 in Q4 2016. Its down 0.12, from 1.23 in 2016Q3. It fall, 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.

Bbva Compass Bank & Trust has invested 0.09% in Analog Devices, Inc. (NASDAQ:ADI). Keybank Natl Association Oh reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). First Pacific Advisors Ltd Limited Liability Company invested 2.76% in Analog Devices, Inc. (NASDAQ:ADI). Moreover, Sandy Spring Savings Bank has 0% invested in Analog Devices, Inc. (NASDAQ:ADI) for 41 shares. Riverhead Mgmt Limited Liability Com holds 0.03% or 7,346 shares in its portfolio. Oppenheimer & stated it has 0.07% in Analog Devices, Inc. (NASDAQ:ADI). Ibm Retirement Fund holds 29,138 shares. Confluence Mngmt Llc holds 188,092 shares. Park Natl Corporation Oh reported 0.02% in Analog Devices, Inc. (NASDAQ:ADI). State Treasurer State Of Michigan holds 0.06% or 100,757 shares. Blackrock Gru holds 0.1% or 2.77 million shares. Moreover, Page Arthur B has 1.24% invested in Analog Devices, Inc. (NASDAQ:ADI) for 17,890 shares. Loring Wolcott & Coolidge Fiduciary Ltd Liability Partnership Ma reported 11,894 shares. Morgens Waterfall Vintiadis And Co Inc invested 1.74% in Analog Devices, Inc. (NASDAQ:ADI). Notis owns 23,680 shares or 1.18% of their US portfolio.

Since March 17, 2017, it had 0 insider buys, and 6 selling transactions for $8.64 million activity. The insider Real Peter sold 3,500 shares worth $291,410. STATA RAY sold $4.15 million worth of stock or 50,000 shares. Cotter Martin had sold 2,000 shares worth $160,080 on Friday, April 7. Another trade for 47,400 shares valued at $3.88M was made by ROCHE VINCENT on Friday, March 24. $2.08 million worth of Analog Devices, Inc. (NASDAQ:ADI) was bought by EVANS BRUCE R on Friday, March 17. 3,000 shares were sold by SEIF MARGARET K, worth $244,620 on Monday, May 22.

Analog Devices (NASDAQ:ADI) Rating Reaffirmed

New York: In a research note made public on Monday morning, Jefferies restate their Buy rating on Analog Devices (NASDAQ:ADI) shares. They now have a $100.0 price target on the firm. Jefferies’s target indicates a potential upside of 19.27 % from the company’s current price.

Investors sentiment decreased to 1.11 in Q4 2016. Its down 0.12, from 1.23 in 2016Q3. It fall, 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.

Bbva Compass Bank & Trust has invested 0.09% in Analog Devices, Inc. (NASDAQ:ADI). Keybank Natl Association Oh reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). First Pacific Advisors Ltd Limited Liability Company invested 2.76% in Analog Devices, Inc. (NASDAQ:ADI). Moreover, Sandy Spring Savings Bank has 0% invested in Analog Devices, Inc. (NASDAQ:ADI) for 41 shares. Riverhead Mgmt Limited Liability Com holds 0.03% or 7,346 shares in its portfolio. Oppenheimer & stated it has 0.07% in Analog Devices, Inc. (NASDAQ:ADI). Ibm Retirement Fund holds 29,138 shares. Confluence Mngmt Llc holds 188,092 shares. Park Natl Corporation Oh reported 0.02% in Analog Devices, Inc. (NASDAQ:ADI). State Treasurer State Of Michigan holds 0.06% or 100,757 shares. Blackrock Gru holds 0.1% or 2.77 million shares. Moreover, Page Arthur B has 1.24% invested in Analog Devices, Inc. (NASDAQ:ADI) for 17,890 shares. Loring Wolcott & Coolidge Fiduciary Ltd Liability Partnership Ma reported 11,894 shares. Morgens Waterfall Vintiadis And Co Inc invested 1.74% in Analog Devices, Inc. (NASDAQ:ADI). Notis owns 23,680 shares or 1.18% of their US portfolio.

Since March 17, 2017, it had 0 insider buys, and 6 selling transactions for $8.64 million activity. The insider Real Peter sold 3,500 shares worth $291,410. STATA RAY sold $4.15 million worth of stock or 50,000 shares. Cotter Martin had sold 2,000 shares worth $160,080 on Friday, April 7. Another trade for 47,400 shares valued at $3.88M was made by ROCHE VINCENT on Friday, March 24. $2.08 million worth of Analog Devices, Inc. (NASDAQ:ADI) was bought by EVANS BRUCE R on Friday, March 17. 3,000 shares were sold by SEIF MARGARET K, worth $244,620 on Monday, May 22.

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

Among 28 analysts covering Analog Devices (NASDAQ:ADI), 17 have Buy rating, 0 Sell and 11 Hold. Therefore 61% are positive. Analog Devices has $110.0 highest and $50 lowest target. $81.16’s average target is -3.20% below currents $83.84 stock price. Analog Devices had 93 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 15 report. The rating was maintained by Deutsche Bank on Thursday, August 6 with “Hold”. Oppenheimer maintained the shares of ADI in report on Thursday, August 24 with “Buy” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by Oppenheimer on Wednesday, August 30. The firm has “Buy” rating by Citigroup given on Wednesday, September 30. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by B. Riley & Co on Wednesday, August 19. The firm has “Buy” rating given on Tuesday, August 22 by Stifel Nicolaus. The company was maintained on Wednesday, August 19 by Maxim Group. The firm has “Buy” rating by Sterne Agee CRT given on Wednesday, September 9. The firm has “Buy” rating by Drexel Hamilton given on Tuesday, June 20.

The stock increased 1.82% or $1.5 on September 15, reaching $83.84. About 2.92M shares traded or 15.87% up from the average. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since September 17, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Investors wait Analog Devices, Inc. (NASDAQ:ADI) to report on November, 28. its quarterly earnings Wall Street analysts expect $1.36 EPS, up $0.31 or 29.52 % from last year’s $1.05 same quarter earnings. This translates into $500.10 million profit for ADI giving the stock a 15.41 P/E. This is assuming the current $1.36 EPS is accurate. Analog Devices, Inc.’s Wall Street analysts see 7.94 % EPS growth, taking into account the $1.26 EPS reproted in the previous quarter,

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 $30.83 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 41.85 P/E ratio. The Firm is a supplier of data converter products.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Fool.com which released: “3 Reasons Analog Devices Is Built for Growth” on September 13, 2017, also Fool.com with their article: “Why Analog Devices, Gilead Sciences, and Universal Display Jumped Today” published on August 30, 2017, Nasdaq.com published: “Analog Devices, Inc. (ADI) Ex-Dividend Date Scheduled for September 07, 2017” on September 06, 2017. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Finance.Yahoo.com and their article: “Analog Devices (ADI) in Focus: Stock Moves 5.2% Higher” published on August 31, 2017 as well as Seekingalpha.com‘s news article titled: “Analog Devices: Caution Ahead” with publication date: August 31, 2017.

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