Analog Devices, Inc. (ADI) Sees Significant Decline in Short Interest

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01 July, 2017

Raymond James Financial, Inc. assumed coverage on shares of Analog Devices, Inc.

Several hedge funds have recently modified their holdings of ADI. Wellington Management Group LLP increased its stake in shares of Analog Devices by 14.4% in the first quarter.

While looking at the Stock's Performance, Analog Devices, Inc. now shows a Weekly Performance of -4.4%, where Monthly Performance is -9.35%, Quarterly performance is -5.43%, 6 Months performance is 5.68% and yearly performance percentage is 39.77%. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Analog Devices during the first quarter valued at about $18,087,000. Financial Architects Inc now owns 1,547 shares of the semiconductor company's stock worth $126,000 after buying an additional 1,152 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Analog Devices by 1,250.0% in the first quarter. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.18.

Stock of Realty Income Corporation (NYSE:O) now have an ABR of 2.94.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell.

The company's consensus rating on Reuter's scale improved from 2.12 to 2.19 during a month. Clinton Group Incorporated has invested 0.02% in Analog Devices, Inc. (NASDAQ:ADI) stock moved -0.64% landing at $77.80. Corporate insiders own 1.10% of the company's stock. Analog Devices, Inc. has a 12 month low of $54.55 and a 12 month high of $90.49. Analog Devices, Inc. The company has a 50 day moving average price of $80.68 and a 200 day moving average price of $78.42. The firm has a market cap of $28.53 billion, a PE ratio of 29.77 and a beta of 1.27.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 31st. Analog Devices, Inc. declared a dividend paid on Tuesday the 20th of June 2017.

MoSys, Inc. (MOSY) revenue totaled $1.67 million up 21.9% from the previous quarter. Sure, the percentage is discouraging but better times are ahead as looking out over a next 5-year period, analysts expect the company to see its earnings go up by 15.52%, annually. The business's revenue for the quarter was up 41.2% on a year-over-year basis. On Wednesday, March 15 STATA RAY sold $4.16 million worth of Analog Devices, Inc. Shareholders of record on Friday, June 9th were issued a dividend of $0.45 per share. (ADI) Ex-Dividend Date Scheduled for June 07, 2017" with publication date: "June 06, 2017. The stock declined 2.62% or $1.05 reaching $39.07 on the news.

Analog Devices, Inc. (Analog Devices), launched on January 18, 1965, designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems.

TRADEMARK VIOLATION NOTICE: "Principal Financial Group Inc". Bradley Foster And Sargent Incorporated Ct stated it has 0.16% of its portfolio in Analog Devices, Inc. If you are reading this news story on another website, it was copied illegally and republished in violation of USA and global copyright law. The original version of this piece can be viewed at https://transcriptdaily.com/2017/06/29/credit-agricole-s-a-sells-5884-shares-of-analog-devices-inc-adi-updated.html.

Technical analysts have little regard for the value of a company. (NASDAQ:ADI) have received a consensus recommendation of "Buy" from the thirty research firms that are presently covering the stock, MarketBeat Ratings reports. BMO Capital Markets restated a "buy" rating and set a $96.00 price objective on shares of Analog Devices in a report on Friday, March 31st. Finally, Goldman Sachs Group, Inc. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $100.00 price objective (up from $90.00) on shares of Analog Devices in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. The insider ROCHE VINCENT sold 47,500 shares worth $4.11 million.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 4.48% and has a pretty decent Year to Date (YTD) Performance of 7.05% which means the stock is constantly adding to its value from previous fiscal year end price. Following the transaction, the chief executive officer now directly owns 61,484 shares of the company's stock, valued at approximately $5,318,366. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Margaret K. Seif, Sr VP disclosed the sale of 3,000 shares. In the past three months the stock value plunged -5.36%. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.


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