Analog Devices INC (ADI) Holder Rafferty Asset Management LLC Has Lowered Holding as Stock Price Declined

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. Davenport And Limited Com, a Virginia-based fund reported 37,313 shares. Ohio-based Lenox Wealth has invested 0.02% in Analog Devices, Inc. (NASDAQ:ADI). Rafferty Asset Management Limited Liability Company holds 0.35% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 241,208 shares. Connecticut-based Hartford Invest has invested 0.16% in Analog Devices, Inc. (NASDAQ:ADI). Notis invested in 2.34% or 41,146 shares. 59,300 are owned by Lumina Fund Lc. Naples Global stated it has 33,888 shares or 0.92% of all its holdings. Prentiss Smith And owns 206 shares or 0.01% of their US portfolio. Axa invested in 0.02% or 52,545 shares. Mutual Of America Capital Ltd reported 59,339 shares. Raymond James Financial Advsr Incorporated holds 0.11% in Analog Devices, Inc. (NASDAQ:ADI) or 222,583 shares. First Business Fincl Svcs Inc accumulated 8,613 shares. Sumitomo Mitsui Tru Holdg, Japan-based fund reported 1.15M shares. Captrust Fincl Advsr holds 2,731 shares or 0.01% of its portfolio. The Colorado-based Employees Retirement Association Of Colorado has invested 0.04% in Analog Devices, Inc. (NASDAQ:ADI).

Since June 5, 2018, it had 0 insider purchases, and 17 insider sales for $13.85 million activity. 10,000 shares were sold by STATA RAY, worth $900,140. SEIF MARGARET K had sold 5,000 shares worth $500,050. Real Peter sold 18,650 shares worth $1.84M. 10,000 shares were sold by ROCHE VINCENT, worth $850,000 on Thursday, November 1. On Friday, June 29 Cotter Martin sold $386,890 worth of Analog Devices, Inc. (NASDAQ:ADI) or 4,000 shares. 2,700 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $243,886 were sold by Mahendra-Rajah Prashanth.

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 $23.14 million, 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 $7.35B and $6.69B US Long portfolio, upped its stake in Ishares Inc (EWZ) by 3.48M shares to 5.74 million shares, valued at $183.97 million in 2018Q2, according to the filing. It also increased its holding in Vaneck Vectors Etf Tr by 445,051 shares in the quarter, for a total of 4.55M shares, and has risen its stake in Vaneck Vectors Etf Tr.

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on February, 27. They expect $1.28 earnings per share, down 9.86 % or $0.14 from last year’s $1.42 per share. ADI’s profit will be $473.80M for 16.88 P/E if the $1.28 EPS becomes a reality. After $1.55 actual earnings per share 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: “Tracking William Von Mueffling’s Cantillon Capital Management Portfolio – Q3 2018 Update – Seeking Alpha” on November 11, 2018, also Nasdaq.com with their article: “RedHill Biopharma Announces Positive Top-Line Results from Confirmatory Phase 3 Study with TALICIA┬« for H. pylori Infection – Nasdaq” published on December 03, 2018, Nasdaq.com published: “Nasdaq 100 Movers: JD, ADI – Nasdaq” on November 20, 2018. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Marketwatch.com and their article: “Dow finishes down 550 points as stocks erase 2018 gains – MarketWatch” published on November 20, 2018 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Analog Devices, Maxim Integrated Products and AAON – Nasdaq” with publication date: November 26, 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. The stock has “Outperform” rating by Raymond James on Thursday, August 23. The firm earned “Neutral” rating on Thursday, July 19 by Nomura. The company was maintained on Thursday, September 27 by Stifel Nicolaus. The firm has “Overweight” rating given on Wednesday, October 3 by Morgan Stanley. The rating was downgraded by Evercore to “In-Line” on Tuesday, September 4. The firm earned “Market Perform” rating on Tuesday, September 25 by Raymond James. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, October 23. The firm earned “Overweight” rating on Wednesday, November 21 by PiperJaffray. Goldman Sachs downgraded Analog Devices, Inc. (NASDAQ:ADI) on Thursday, October 18 to “Sell” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Neutral” rating given on Wednesday, November 21 by Nomura.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.