19.27 % to Target, Jefferies Reiterates ‘”Buy”’ Rating on Analog Devices (NASDAQ:ADI) Shares Today

September 17, 2017 - By Stephen Andrade

 19.27 % to Target, Jefferies Reiterates ‘

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

Farmers And Merchants Incorporated reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Commerce Commercial Bank owns 4,150 shares or 0% of their US portfolio. Credit Agricole S A reported 86,845 shares. Mason Street Advisors Lc invested 0.08% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Sun Life reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Cantab Capital Partners Limited Liability Partnership, United Kingdom-based fund reported 11,009 shares. Moreover, Pnc Fincl Svcs Grp has 0.01% invested in Analog Devices, Inc. (NASDAQ:ADI) for 91,248 shares. Cwm Llc holds 0% or 56 shares in its portfolio. Page Arthur B reported 1.24% in Analog Devices, Inc. (NASDAQ:ADI). Tompkins Corp holds 0% or 50 shares. Reynders Mcveigh Cap Management Ltd Llc owns 2.08% invested in Analog Devices, Inc. (NASDAQ:ADI) for 201,220 shares. State Of Wisconsin Investment Board accumulated 212,835 shares. Boston Private Wealth Limited Liability Company invested 0.11% in Analog Devices, Inc. (NASDAQ:ADI). Janus Capital Mngmt Ltd Limited Liability Company owns 131,854 shares. Kidder Stephen W has invested 0.82% in Analog Devices, Inc. (NASDAQ:ADI).

Since March 17, 2017, it had 0 insider buys, and 6 sales for $8.64 million activity. Shares for $244,620 were sold by SEIF MARGARET K on Monday, May 22. $160,080 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by Cotter Martin on Friday, April 7. CHAMPY JAMES also sold $6,538 worth of Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, June 7. EVANS BRUCE R bought $2.08 million worth of stock. Real Peter also sold $291,410 worth of Analog Devices, Inc. (NASDAQ:ADI) on Monday, March 20. 50,000 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $4.15M were sold by STATA RAY.

Analog Devices (NASDAQ:ADI) Rating Reaffirmed

Research professionals at Jefferies now has a $100.0 target price on Analog Devices (NASDAQ:ADI). Jefferies and their recent target price would indicate a potential upside of 19.27 % from the company’s last close price. The rating has been disclosed in an analyst note on Monday morning.

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

Farmers And Merchants Incorporated reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Commerce Commercial Bank owns 4,150 shares or 0% of their US portfolio. Credit Agricole S A reported 86,845 shares. Mason Street Advisors Lc invested 0.08% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Sun Life reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Cantab Capital Partners Limited Liability Partnership, United Kingdom-based fund reported 11,009 shares. Moreover, Pnc Fincl Svcs Grp has 0.01% invested in Analog Devices, Inc. (NASDAQ:ADI) for 91,248 shares. Cwm Llc holds 0% or 56 shares in its portfolio. Page Arthur B reported 1.24% in Analog Devices, Inc. (NASDAQ:ADI). Tompkins Corp holds 0% or 50 shares. Reynders Mcveigh Cap Management Ltd Llc owns 2.08% invested in Analog Devices, Inc. (NASDAQ:ADI) for 201,220 shares. State Of Wisconsin Investment Board accumulated 212,835 shares. Boston Private Wealth Limited Liability Company invested 0.11% in Analog Devices, Inc. (NASDAQ:ADI). Janus Capital Mngmt Ltd Limited Liability Company owns 131,854 shares. Kidder Stephen W has invested 0.82% in Analog Devices, Inc. (NASDAQ:ADI).

Since March 17, 2017, it had 0 insider buys, and 6 sales for $8.64 million activity. Shares for $244,620 were sold by SEIF MARGARET K on Monday, May 22. $160,080 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by Cotter Martin on Friday, April 7. CHAMPY JAMES also sold $6,538 worth of Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, June 7. EVANS BRUCE R bought $2.08 million worth of stock. Real Peter also sold $291,410 worth of Analog Devices, Inc. (NASDAQ:ADI) on Monday, March 20. 50,000 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $4.15M were sold by STATA RAY.

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. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by B. Riley & Co on Wednesday, August 19. The firm has “Neutral” rating by Citigroup given on Thursday, August 18. The company was downgraded on Thursday, February 16 by Wells Fargo. As per Friday, June 16, the company rating was maintained by Raymond James. The firm has “Perform” rating by Oppenheimer given on Tuesday, December 15. The stock has “Neutral” rating by M Partners on Monday, January 18. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by Oppenheimer on Wednesday, May 31. The firm has “Buy” rating given on Monday, September 14 by Evercore. Barclays Capital maintained it with “Equalweight” rating and $64 target in Wednesday, July 27 report. The company was maintained on Thursday, September 8 by Stifel Nicolaus.

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.

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on November, 28. They expect $1.36 earnings per share, up 29.52 % or $0.31 from last year’s $1.05 per share. ADI’s profit will be $500.10M for 15.41 P/E if the $1.36 EPS becomes a reality. After $1.26 actual earnings per share reported by Analog Devices, Inc. for the previous quarter, Wall Street now forecasts 7.94 % EPS growth.

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 Nasdaq.com with their article: “Analog Devices (ADI) Aids Agriculture Development Project” published on August 25, 2017, Seekingalpha.com published: “Analog Devices: Caution Ahead” on August 31, 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 Fool.com‘s news article titled: “Why Analog Devices, Gilead Sciences, and Universal Display Jumped Today” with publication date: August 30, 2017.

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