Montag & Caldwell LLC Holding in Analog Devices INC (ADI) Has Increased by $8.12 Million as Valuation Rose

May 22, 2018 - By Adrian Mccoy

Analog Devices, Inc. (NASDAQ:ADI) LogoInvestors sentiment increased to 1.28 in Q4 2017. Its up 0.07, from 1.21 in 2017Q3. It increased, 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. Landscape Mngmt Lc holds 18,891 shares. National Asset accumulated 4,527 shares. Azimuth Mngmt Ltd Co reported 4,938 shares stake. Cullen Frost Bankers owns 30,088 shares or 0.08% of their US portfolio. Liberty Mutual Asset Management reported 0.04% stake. Asset Mngmt One invested in 586,871 shares or 0.12% of the stock. Private Na reported 16,978 shares. Cincinnati Fincl Corp holds 419,270 shares. Investment Counsel holds 2,621 shares. Amalgamated Bancshares has 48,381 shares for 0.12% of their portfolio. Cornerstone Cap Mngmt Ltd reported 0.04% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Captrust Fincl Advsr has invested 0.02% in Analog Devices, Inc. (NASDAQ:ADI). Allsquare Wealth Ltd Company reported 100 shares. Pillar Pacific Cap Mngmt Ltd reported 90,153 shares. Campbell Newman Asset holds 3.01% or 200,403 shares in its portfolio.

Since December 14, 2017, it had 0 insider buys, and 20 insider sales for $13.66 million activity. Shares for $904,700 were sold by ROCHE VINCENT on Monday, April 2. $65,259 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by Jamal Yusuf. CHAMPY JAMES sold $226,292 worth of stock. $366,080 worth of stock was sold by Henderson Gregory N. on Friday, January 5. $685,905 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by SICCHITANO KENTON J. STATA RAY also sold $917,000 worth of Analog Devices, Inc. (NASDAQ:ADI) on Friday, January 5.

Montag & Caldwell Llc increased its stake in Analog Devices Inc (ADI) by 7.88% based on its latest 2017Q4 regulatory filing with the SEC. Montag & Caldwell Llc bought 91,246 shares as the company’s stock rose 2.48% while stock markets declined. The institutional investor held 1.25M shares of the technology company at the end of 2017Q4, valued at $111.19M, up from 1.16M at the end of the previous reported quarter. Montag & Caldwell Llc who had been investing in Analog Devices Inc for a number of months, seems to be bullish on the $35.45 billion market cap company. The stock increased 0.60% or $0.57 during the last trading session, reaching $95.87. About 298,539 shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 11.86% since May 22, 2017 and is uptrending. It has outperformed by 0.31% the S&P500.

Montag & Caldwell Llc, which manages about $14.22B and $3.18 billion US Long portfolio, decreased its stake in Schwab Charles (NYSE:SCHW) by 222,339 shares to 2.04M shares, valued at $104.60 million in 2017Q4, according to the filing. It also reduced its holding in Heinz Company by 113,352 shares in the quarter, leaving it with 1.06M shares, and cut its stake in Tjx Cos Inc (NYSE:TJX).

More news for Analog Devices, Inc. (NASDAQ:ADI) were recently published by: 247Wallst.com, which released: “5 Semiconductor Stocks to Buy With Limited Exposure to Apple” on April 23, 2018. Finance.Yahoo.com‘s article titled: “At $94.77, Is It Time To Buy Analog Devices Inc (NASDAQ:ADI)?” and published on May 18, 2018 is yet another important article.

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

Among 18 analysts covering Analog Devices (NASDAQ:ADI), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Analog Devices had 22 analyst reports since December 13, 2017 according to SRatingsIntel. Morgan Stanley maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, December 13 with “Overweight” rating. On Thursday, April 12 the stock rating was maintained by SunTrust with “Buy”. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by Drexel Hamilton on Wednesday, February 28. RBC Capital Markets maintained it with “Buy” rating and $100.0 target in Wednesday, January 3 report. The firm has “Buy” rating by Argus Research given on Thursday, March 1. The rating was maintained by Oppenheimer with “Buy” on Thursday, February 22. On Tuesday, February 13 the stock rating was upgraded by Piper Jaffray to “Buy”. KeyBanc Capital Markets maintained it with “Overweight” rating and $110 target in Thursday, March 1 report. Stifel Nicolaus maintained Analog Devices, Inc. (NASDAQ:ADI) rating on Friday, December 29. Stifel Nicolaus has “Buy” rating and $100.0 target. As per Thursday, March 1, the company rating was maintained by Deutsche Bank.

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

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