Analog Devices Cmn (NASDAQ:ADI).
Capital World Investors says it sold 4,877,182 shares last quarter decreasing its holdings in Analog Devices Cmn by 19.4%. Its position was worth $1,750,740,000 a decrease of $209,389,000 as of quarter end.
Capital World Investors isn’t the only one who has changed their investment in ADI. Cantillon Capital Management LLC reduced its stake by shedding 111,034 shares a decrease of 3.5% as of 09/30/2017. Cantillon Capital Management LLC claims 3,080,033 shares with a value of $265,406,000. The total value of its holdings increased 6.9%. As of the end of the quarter First Pacific Advisors, LLC had sold 56,620 shares trimming its holdings by 1.4%. The value of the company’s investment in Analog Devices Cmn increased from $318,099,000 to $347,443,000 increasing 9.2% since the last quarter.
As of quarter end Primecap Management Co/ca/ had disposed of a total of 39,570 shares trimming its stake by 0.8%. The value of the investment in Analog Devices Cmn went from $382,244,000 to $419,957,000 a change of $37,713,000 for the reporting period.
On October 19 Jefferies Group LLC left the company rating at “Buy” projecting a price of $100.00. October 12 investment analysts at SunTrust Banks maintained a stock rating of “Buy” with a current price target of $106.00.
September 25 investment analysts at Stifel Nicolaus made no change to the company rating of “Buy” targeting a price of $97.00. On September 20 Morgan Stanley kept the company rating at “Overweight” with a current price target of $98.00.
September 1 investment analysts at Citigroup held the company rating at “Neutral” targeting a price of $88.00.
The company is up by 0.67% percent from yesterday’s close. The P/E ratio is 44.81 and the market cap of the company is 33.00B. As of the last earnings report the EPS was $2.00 with 367.67M shares currently outstanding.
Traders are more bullish on Analog Devices Cmn of late as inferred by the fall in short interest. The stock realized a fall in short interest of -7.18% as of October 13, 2017 from the last reporting period. Short interest fell 634,544 over that period. With short interest at 8,207,718 and short average daily volume at 1,958,481, days to cover is 4.0 and the percentage of shorted shares was 0.02% on October 13.Advertisement