Analog Devices Incorporated (NASDAQ:ADI) Just Reported Increased Shorts

October 12, 2017 - By Adrian Erickson

 Analog Devices Incorporated (NASDAQ:ADI) Just Reported Increased Shorts

Investors sentiment decreased to 1.14 in 2017 Q2. Its down 1.62, from 2.76 in 2017Q1. It turned negative, as 66 investors sold Analog Devices, Inc. shares while 222 reduced holdings. 79 funds opened positions while 248 raised stakes. 313.75 million shares or 0.35% less from 314.84 million shares in 2017Q1 were reported.
Glenmede Trust Na has 232,492 shares. Smith Salley & Assoc stated it has 0.06% in Analog Devices, Inc. (NASDAQ:ADI). Tennessee-based State Of Tennessee Treasury Department has invested 0.08% in Analog Devices, Inc. (NASDAQ:ADI). The Ontario – Canada-based Tdam Usa has invested 0.21% in Analog Devices, Inc. (NASDAQ:ADI). Huntington Bank accumulated 394,277 shares or 0.54% of the stock. 1.23M are owned by Deutsche Comml Bank Ag. Hermes Mngmt Limited holds 283,157 shares. Cincinnati Fincl Corp reported 1.55% in Analog Devices, Inc. (NASDAQ:ADI). Commonwealth Equity invested 0.05% in Analog Devices, Inc. (NASDAQ:ADI). Old Mutual Customised Solutions (Proprietary) invested in 0.14% or 11,846 shares. Sector Pension Inv Board holds 41,892 shares or 0.03% of its portfolio. Point72 Asia (Hong Kong) accumulated 11 shares. Brown Brothers Harriman And owns 2,375 shares or 0% of their US portfolio. Mitsubishi Ufj Trust And Bk owns 0.12% invested in Analog Devices, Inc. (NASDAQ:ADI) for 822,349 shares. Advisor Prns Ltd Liability Co invested in 0.15% or 8,203 shares.

Since May 22, 2017, it had 0 buys, and 4 insider sales for $4.60 million activity. Another trade for 3,000 shares valued at $244,620 was made by SEIF MARGARET K on Monday, May 22. Shares for $6,538 were sold by CHAMPY JAMES. Shares for $244,620 were sold by Real Peter on Monday, May 22.

The stock of Analog Devices Incorporated (NASDAQ:ADI) registered an increase of 15.1% in short interest. ADI’s total short interest was 9.81M shares in October as published by FINRA. Its up 15.1% from 8.53 million shares, reported previously. With 2.49M shares average volume, it will take short sellers 4 days to cover their ADI’s short positions. The short interest to Analog Devices Incorporated’s float is 3.19%.

About 450,102 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since October 12, 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 $32.58 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 44.24 P/E ratio. The Firm is a supplier of data converter products.

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 had 95 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Perform” rating given on Tuesday, December 15 by Oppenheimer. The company was upgraded on Friday, January 15 by Nomura. The firm has “Market Perform” rating given on Wednesday, August 19 by BMO Capital Markets. The company was maintained on Monday, May 29 by BMO Capital Markets. As per Tuesday, June 20, the company rating was maintained by Oppenheimer. B. Riley & Co maintained Analog Devices, Inc. (NASDAQ:ADI) on Thursday, August 24 with “Buy” rating. Goldman Sachs upgraded the stock to “Neutral” rating in Wednesday, July 27 report. On Wednesday, August 19 the stock rating was maintained by UBS with “Neutral”. The firm has “Buy” rating given on Tuesday, August 22 by Stifel Nicolaus. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Overweight” rating by Pacific Crest on Wednesday, August 19.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Prnewswire.com which released: “API Technologies Enters European Design and Manufacturing Alliance with Analog …” on October 12, 2017, also Gurufocus.com with their article: “Sharkey, Howes & Javer Buys Schwab International Equity, SPDR DJ Wilshire …” published on October 11, 2017, Businesswire.com published: “Analog Devices’ Wideband RF Power and Return Loss Measurement System Offers …” on October 10, 2017. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Businesswire.com and their article: “Next-Generation Advanced Instrumentation and Defense Applications Enabled by …” published on October 12, 2017 as well as Fool.com‘s news article titled: “3 Reasons Analog Devices Is Built for Growth” with publication date: September 13, 2017.

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