California Public Employees Retirement System Raises Stake in Analog Devices, Inc. (ADI)

Ivan Schwartz
June 22, 2017

(NASDAQ:ADI). Prudential Fincl holds 0.05% of its portfolio in Analog Devices, Inc. It has outperformed by 29.15% the S&P500. Perhaps, that suggests something about why 69.87% of the outstanding share supply is held by institutional investors. We have $23.13 PT which if reached, will make NYSE:DAN worth $157.00 million more. (NASDAQ:ADI) on Monday, March 13. ADI's SI was 10.01 million shares in June as released by FINRA. About 2.04 million shares traded. (NASDAQ:ADI) shares were sold by STATA RAY. Finally, Swiss National Bank boosted its stake in Analog Devices by 51.3% in the first quarter. About 445,956 shares traded. (NASDAQ:ADI) has risen 45.85% since June 21, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Investors sentiment decreased to 1.5 in 2016 Q4. Its up 0.15, from 0.89 in 2016Q3. About shares traded. Analog Devices, Inc. Conning reported 9,368 shares. The Texas-based Next Financial Group Inc has invested 0% in General Electric Company (NYSE:GE). Renaissance Grp Ltd Limited Liability Company has 925,616 shares for 1.19% of their portfolio. Lsv Asset Management holds 0.09% in Shawcor Ltd (TSE:SCL) or 595,163 shares. Vanguard has 0% invested in Wayside Technology Group, Inc.

Sound Shore Management Inc decreased Analog Devices Inc (ADI) stake by 1.32% reported in 2016Q4 SEC filing. Livforsakringsbolaget Skandia Omsesidigt holds 0.07% or 19,565 shares. Daiwa Securities Gp has invested 0.01% in Dana Inc (NYSE:DAN). The stock has "Neutral" rating by Bank of America on Monday, June 27. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company's stock. Therefore 52% are positive. On Tuesday, July 28 the stock rating was maintained by M Partners with "Neutral".

California Public Employees Retirement System increased its position in Analog Devices, Inc. Barclays Capital upgraded Dana Inc (NYSE:DAN) on Friday, September 16 to "Overweight" rating. On Thursday, October 20 the stock rating was initiated by CLSA with "Outperform". The company has market cap of $29.48 billion. (NASDAQ:ADI) has "Market Perform" rating given on Friday, June 16 by Raymond James.

Analysts await Dana Inc (NYSE:DAN) to report earnings on July, 20. First Eagle Investment Management LLC now owns 4,031,950 shares of the semiconductor company's stock valued at $259,859,000 after buying an additional 1,001,397 shares in the last quarter. MAS's profit would be $190.76 million giving it 16.24 P/E if the $0.60 EPS is correct. The semiconductor company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.18. The company has market cap of $92.18 million. The Firm operates through four business divisions: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. It has a 0.89 P/E ratio.

Since January 23, 2017, it had 5 insider buys, and 1 sale for $1.20 million activity. Stefaniak Debra also sold $57,997 worth of Shawcor Ltd (TSE:SCL) on Wednesday, March 1. Its shares have trimmed -5.22% since hitting a peak level of $67.47 on January 10, 2017. Insiders sold 111,926 shares of company stock valued at $9,321,451 in the last quarter. 3,000 shares valued at $216,450 were sold by SEIF MARGARET K on Friday, January 20.

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In other Analog Devices news, SVP Peter Real sold 3,500 shares of the company's stock in a transaction that occurred on Monday, March 20th. Verisign, Inc. (NASDAQ:VRSN) shares were trading -1.35% below from the 52-week high price mark of $93.92 and +25.19% above from the 52-week price bottom of $74.01. Therefore 59% are positive.

Analysts await Veritex Holdings Inc (NASDAQ:VBTX) to report earnings on July, 25.

The stock exchanged hands 474,520 shares versus average trading capacity of 772,649 shares.

WARNING: "Analog Devices' (ADI) "Hold" Rating Reiterated at Deutsche Bank AG" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. The firm has "Buy" rating given on Tuesday, May 30 by RBC Capital Markets. The firm earned "Neutral" rating on Friday, January 15 by UBS. Suntrust Robinson upgraded the stock to "Buy" rating in Wednesday, August 19 report. RBC Capital Markets maintained it with "Outperform" rating and $35 target in Monday, April 24 report.

Investors sentiment decreased to 1.11 in 2016 Q4. Its down 0.12, from 1.23 in 2016Q3. STATA RAY sold $4.15M worth of Analog Devices, Inc.

Other hedge funds have also recently made changes to their positions in the company. 281.50 million shares or 1.49% less from 285.76 million shares in 2016Q3 were reported. Jacobus Wealth Management Inc. purchased a new position in shares of Analog Devices during the first quarter worth $113,000. (NASDAQ:ADI) stock have an ABR of 1.77. Hotchkis Wiley Cap Mngmt Limited Co invested in 17.86M shares. British Columbia Investment Management Corp increased its position in Analog Devices by 34.2% in the first quarter. Swiss National Bank now owns 1,291,248 shares of the semiconductor company's stock worth $105,818,000 after buying an additional 437,580 shares during the period. Su Lisa T sold 18,160 shares worth $1.49M. Wells Fargo & Mn stated it has 0.19% in Analog Devices, Inc. 0 funds opened positions while 0 raised stakes. Shamrock Asset Mngmt Ltd Limited Liability Company has 0.43% invested in Analog Devices, Inc. Shamrock Asset Mngmt Ltd Liability Corp invested 0.43% of its portfolio in Analog Devices, Inc. Bancorp Of America De owns 55,254 shares. $1.49 million worth of Analog Devices, Inc.

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