As Analog Devices INC (ADI) Stock Value Declined, Shareholder Rafferty Asset Management LLC Trimmed Holding by $3.33 Million

Analog Devices, Inc. (NASDAQ:ADI) LogoInvestors sentiment increased to 1.14 in Q2 2018. Its up 0.18, from 0.96 in 2018Q1. It is positive, as 27 investors sold ADI shares while 258 reduced holdings. 86 funds opened positions while 238 raised stakes. 320.70 million shares or 0.98% more from 317.60 million shares in 2018Q1 were reported. Hall Laurie J Trustee reported 19,410 shares or 1.07% of all its holdings. Gamble Jones Inv Counsel stated it has 0.02% in Analog Devices, Inc. (NASDAQ:ADI). Moreover, Coastline Tru Company has 0.19% invested in Analog Devices, Inc. (NASDAQ:ADI) for 12,820 shares. Alkeon Cap Management Ltd Liability Corporation holds 1.39% or 3.10M shares in its portfolio. Garrison Fincl has 0.34% invested in Analog Devices, Inc. (NASDAQ:ADI). Tdam Usa stated it has 15,109 shares. Cornerstone Advsrs Incorporated has invested 0.19% in Analog Devices, Inc. (NASDAQ:ADI). St Germain D J has invested 0.06% in Analog Devices, Inc. (NASDAQ:ADI). 35,600 were reported by Cohen Klingenstein Ltd Llc. Natl Pension Serv has 401,353 shares. Sigma Planning holds 0.03% or 4,337 shares. Guggenheim Limited Liability Corporation reported 0.14% stake. Ent Fincl has 382 shares. Page Arthur B holds 2.75% or 31,440 shares in its portfolio. Tci Wealth Advsrs reported 26 shares stake.

Since June 5, 2018, it had 0 insider buys, and 17 selling transactions for $13.85 million activity. 20,000 shares were sold by STATA RAY, worth $2.01 million on Tuesday, August 28. $443,096 worth of stock was sold by Real Peter on Friday, June 29. 10,000 shares valued at $971,900 were sold by ROCHE VINCENT on Tuesday, September 4. SEIF MARGARET K also sold $500,050 worth of Analog Devices, Inc. (NASDAQ:ADI) on Tuesday, June 5. $243,886 worth of stock was sold by Mahendra-Rajah Prashanth on Wednesday, November 21. The insider NOVICH NEIL S sold 7,500 shares worth $719,228.

Rafferty Asset Management Llc decreased its stake in Analog Devices Inc (ADI) by 12.67% based on its latest 2018Q2 regulatory filing with the SEC. Rafferty Asset Management Llc sold 35,006 shares as the company’s stock declined 9.93% while stock markets rallied. The institutional investor held 241,208 shares of the technology company at the end of 2018Q2, valued at $23.14M, down from 276,214 at the end of the previous reported quarter. Rafferty Asset Management Llc who had been investing in Analog Devices Inc for a number of months, seems to be less bullish one the $31.99B market cap company. The stock decreased 3.47% or $3.11 during the last trading session, reaching $86.42. About 2.95 million shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 10.80% since December 8, 2017 and is uptrending. It has underperformed by 4.82% the S&P500.

Rafferty Asset Management Llc, which manages about $7.35 billion and $6.69 billion US Long portfolio, upped its stake in Metlife Inc (NYSE:MET) by 113,523 shares to 344,697 shares, valued at $15.03 million in 2018Q2, according to the filing. It also increased its holding in Ishares Tr (HYG) by 612,623 shares in the quarter, for a total of 926,206 shares, and has risen its stake in Berkshire Hathaway Inc Del (BRKB).

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on February, 27. They expect $1.28 EPS, down 9.86 % or $0.14 from last year’s $1.42 per share. ADI’s profit will be $473.80 million for 16.88 P/E if the $1.28 EPS becomes a reality. After $1.55 actual EPS reported by Analog Devices, Inc. for the previous quarter, Wall Street now forecasts -17.42 % negative EPS growth.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Seekingalpha.com which released: “Apple suppliers recover despite Qorvo guide cut – Seeking Alpha” on November 13, 2018, also Nasdaq.com with their article: “Analog Devices (ADI) to Report Q4 Earnings: What’s in Store? – Nasdaq” published on November 16, 2018, Gurufocus.com published: “US Stocks Markets Green Wednesday – GuruFocus.com” on November 21, 2018. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Nasdaq.com and their article: “Validea Peter Lynch Strategy Daily Upgrade Report – 12/8/2018 – Nasdaq” published on December 08, 2018 as well as Seekingalpha.com‘s news article titled: “Tech lunch: ADI, Nvidia push chip recovery – Seeking Alpha” with publication date: November 20, 2018.

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

Among 11 analysts covering Analog Devices (NASDAQ:ADI), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Analog Devices had 15 analyst reports since June 22, 2018 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $106 target in Thursday, September 27 report. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Neutral” rating given on Wednesday, November 21 by Nomura. On Thursday, August 23 the stock rating was maintained by Raymond James with “Outperform”. Goldman Sachs downgraded the shares of ADI in report on Thursday, October 18 to “Sell” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Thursday, August 23 by Stifel Nicolaus. The rating was maintained by PiperJaffray on Wednesday, November 21 with “Overweight”. The rating was reinitiated by Nomura on Thursday, July 19 with “Neutral”. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “In-Line” rating given on Tuesday, September 4 by Evercore. FBR Capital maintained Analog Devices, Inc. (NASDAQ:ADI) rating on Thursday, August 23. FBR Capital has “Buy” rating and $117 target. Morgan Stanley maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, November 21 with “Overweight” rating.

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

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