Here is the rundown on market activity for Analog Devices, Inc. (NASDAQ:ADI). SVP, WW Sales & Dig MKTG Martin Cotter sold 10,000 shares at an average price of $62.91 on Tue the 27th. That brings Cotter’s holdings to $4,026 as reported to the SEC. Today Ray Stata, Director disclosed the sale of 25,000 shares. The shares were purchased at an average price of $63.20. Stata now owns $55,850,409 of the stock per the Form 4 SEC filing.
David Zinsner, SVP, Finance & CFO reported the sale of 15,000 shares of ADI stock. The shares were sold on August 18th for an average price of $64.33. The SVP, Finance & CFO now owns $1,344,304 of the stock according to the SEC filing.
The following firms have also recently changed their position in ADI. As of the end of the quarter Evercore Wealth Management, LLC had bought 123 shares growing its holdings by 7.5%. The value of the investment in (ADI) increased from $98,000 to $100,000 increasing 2.0% for the reporting period. BNP Paribas Investment Partners S.A. reduced its holdings by shedding 537,235 shares a decrease of 96.1%. BNP Paribas Investment Partners S.A. currently owns 21,888 shares worth $1,240,000. The value of the position overall is down by 96.0%.
Twin Tree Management, Lp bolstered its stake by buying 1,400 shares an increase of 9.9% from 03/31/2013 to 12/31/2015. Twin Tree Management, Lp now holds 15,500 shares valued at $857,000. The total value of its holdings increased 30.6%. As of quarter end Williams Jones & Associates LLC had acquired a total of 250 shares growing its stake by 5.7%. The value of the company’s investment in Analog Devices, Inc. went from $258,000 to $261,000 a change of $3,000 quarter to quarter.
On August 18 Citigroup made no change to the stock rating of “Neutral” but lowered the price expectation from $78.00 to $66.00. On July 27 the stock rating was downgraded to “Equal-weight” from “” with a current price target of $64.00 by analysts at Morgan Stanley.
July 27 investment analysts at Pacific Crest maintained a company rating of “Overweight” and moved up the price target to $78.00 from $60.00. On July 27 JP Morgan left the stock rating at “Overweight” but moved up the price target to $78.00 from $66.00.
On July 27 the company was upgraded from “Buy” to “Overweight” and a price target of $78.00 was set by Goldman Sachs. Goldman Sachs both upgraded the stock and raised the price target on July 27 boosting the price target from $64.00 to $78.00 and raising the rating from “Buy” to “Overweight”.
The company is so far trading up from yesterday’s close of $63.81. Analog Devices, Inc. also recently declared a dividend for shareholders that was paid on Wednesday the 7th of September 2016. The dividend was $0.420 per share for the quarter or $1.68 on an annualized basis. This dividend represents a yeild of $2.66 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 24th of August 2016.
Shares last traded at $63.93 just a bit higher than the 50 day moving average which is $62.93 and which is slightly above the 200 day moving average of $59.41. The 50 day moving average went up by +1.60% whereas the 200 day moving average was up $4.52 or +7.61%.
The most current P/E ratio is 30.20 and market capitalization is 19.66B. As of the latest earnings report the EPS was $2.12 and is estimated to be $2.92 for the current year with 307,474,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.72 with next year’s EPS projected to be $3.30.
Investors are feeling more bearish on shares of the company if you evaluate the motion in short interest. The company had a rise in short interest between August 31, 2016 and September 15, 2016 of 0.10%. Short interest grew from 7,712,004 to 8,492,720 over that period. With short interest at 8,492,720 and short average daily volume at 2,426,135, the short-interest ratio is 3.5 and the percentage of shorted shares is 0.03% as of September 15.