Analog Devices INC (ADI) Shareholder Choate Investment Advisors Has Lowered Holding by $1.56 Billion as Stock Value Rose

April 24, 2018 - By Marguerite Chambers

Analog Devices, Inc. (NASDAQ:ADI) LogoInvestors sentiment increased to 1.28 in Q4 2017. Its up 0.07, from 1.21 in 2017Q3. It is positive, as 46 investors sold ADI shares while 224 reduced holdings. 92 funds opened positions while 253 raised stakes. 319.40 million shares or 1.26% more from 315.41 million shares in 2017Q3 were reported. Illinois-based Wolverine Asset Mgmt Limited has invested 0.01% in Analog Devices, Inc. (NASDAQ:ADI). Gofen And Glossberg Lc Il has 0.15% invested in Analog Devices, Inc. (NASDAQ:ADI). Lumina Fund Mgmt Limited Liability Com accumulated 81,000 shares. First Republic Management has 0.03% invested in Analog Devices, Inc. (NASDAQ:ADI) for 51,095 shares. Deprince Race Zollo Inc holds 0.44% or 221,919 shares. 225,828 are held by Reynders Mcveigh Cap Mngmt Ltd Liability. Columbia Prns L L C Investment Management reported 17,932 shares or 0.21% of all its holdings. 3.42M are owned by Citadel Limited Liability Company. Cambridge has 2,924 shares for 0.02% of their portfolio. Toth Advisory invested 0.02% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Ruggie Grp holds 0.01% or 194 shares. New York State Teachers Retirement System holds 570,968 shares. Fincl Counselors holds 33,646 shares or 0.14% of its portfolio. 200 were accumulated by Massmutual Tru Co Fsb Adv. The Florida-based Raymond James Tru Na has invested 0.37% in Analog Devices, Inc. (NASDAQ:ADI).

Since December 14, 2017, it had 0 insider buys, and 17 selling transactions for $11.75 million activity. SEIF MARGARET K sold $643,105 worth of stock or 7,000 shares. The insider STATA RAY sold $917,000. Wynne Eileen sold $494,136 worth of stock. The insider ROCHE VINCENT sold 10,000 shares worth $898,900. Another trade for 7,500 shares valued at $685,905 was sold by SICCHITANO KENTON J. Another trade for 718 shares valued at $65,259 was sold by Jamal Yusuf.

Choate Investment Advisors decreased its stake in Analog Devices Inc (ADI) by 6.98% based on its latest 2017Q4 regulatory filing with the SEC. Choate Investment Advisors sold 17,500 shares as the company’s stock rose 2.48% while stock markets declined. The institutional investor held 233,097 shares of the technology company at the end of 2017Q4, valued at $20.75B, down from 250,597 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Analog Devices Inc for a number of months, seems to be less bullish one the $32.45B market cap company. The stock decreased 0.28% or $0.245 during the last trading session, reaching $87.755. About 1.21M shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 11.86% since April 24, 2017 and is uptrending. It has outperformed by 0.31% the S&P500.

Choate Investment Advisors, which manages about $3.44 billion and $1954.06B US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 61 shares to 4,239 shares, valued at $4.96 billion in 2017Q4, according to the filing. It also increased its holding in Yum! Brands Inc (NYSE:YUM) by 392 shares in the quarter, for a total of 10,592 shares, and has risen its stake in Celgene Corp (NASDAQ:CELG).

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on May, 30. They expect $1.37 EPS, up 33.01 % or $0.34 from last year’s $1.03 per share. ADI’s profit will be $506.63 million for 16.01 P/E if the $1.37 EPS becomes a reality. After $1.42 actual EPS reported by Analog Devices, Inc. for the previous quarter, Wall Street now forecasts -3.52 % negative EPS growth.

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

Among 19 analysts covering Analog Devices (NASDAQ:ADI), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Analog Devices had 32 analyst reports since November 13, 2017 according to SRatingsIntel. The firm has “Buy” rating by SunTrust given on Thursday, April 12. Stifel Nicolaus maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, November 22 with “Buy” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Hold” rating by SunTrust on Wednesday, January 24. BMO Capital Markets maintained it with “Outperform” rating and $107 target in Thursday, March 1 report. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Thursday, March 1 by Robert W. Baird. The rating was maintained by Deutsche Bank with “Hold” on Thursday, March 1. Raymond James maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, January 24 with “Hold” rating. The firm earned “Buy” rating on Monday, November 13 by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, January 3. Raymond James upgraded the stock to “Buy” rating in Monday, March 26 report.

Analog Devices, Inc. (NASDAQ:ADI) Institutional Positions Chart

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