Does Analog Devices, Inc. (ADI) Have More Gas After Reaching All Time High?

Analog Devices, Inc. (NASDAQ:ADI) Logo

Investors sentiment decreased to 0.83 in Q4 2018. Its down 0.15, from 0.98 in 2018Q3. It dropped, as 67 investors sold Analog Devices, Inc. shares while 262 reduced holdings. 75 funds opened positions while 198 raised stakes. 329.06 million shares or 2.18% more from 322.04 million shares in 2018Q3 were reported.
21.46 million are owned by Jpmorgan Chase And. Raymond James And Assocs invested in 191,795 shares. Coldstream Capital Management, a Washington-based fund reported 30,939 shares. Capstone Advisors Limited Liability stated it has 7,551 shares or 0.01% of all its holdings. Dalton Greiner Hartman Maher And Company has invested 0.21% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Public Employees Retirement Association Of Colorado reported 64,795 shares stake. Qs Investors Ltd Limited Liability Company, New York-based fund reported 4,217 shares. Reilly Financial Advsr Limited Co invested 0.01% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Oppenheimer Asset Management Inc reported 0.15% in Analog Devices, Inc. (NASDAQ:ADI). Rosenblum Silverman Sutton S F Incorporated Ca has 44,547 shares. Wealthtrust stated it has 0.01% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). San Francisco Sentry Inv Group (Ca) owns 4,186 shares. Fort Washington Advsrs Oh has 0.04% invested in Analog Devices, Inc. (NASDAQ:ADI). Loomis Sayles And Com Lp reported 0% in Analog Devices, Inc. (NASDAQ:ADI). Csat Advisory L P reported 0% stake.

Since October 1, 2018, it had 0 buys, and 11 sales for $5.54 million activity. Mahendra-Rajah Prashanth sold $243,886 worth of Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, November 21. SEIF MARGARET K sold 2,700 shares worth $271,269. STATA RAY also sold $900,140 worth of Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, November 28. Shares for $420,402 were sold by Henderson Gregory N..

The stock of Analog Devices, Inc. (NASDAQ:ADI) reached all time high today, Mar, 15 and still has $113.26 target or 3.00 % above today’s $109.96 share price. This indicates more upside for the $40.50 billion company. This technical setup was reported by Barchart.com. If the $113.26 PT is reached, the company will be worth $1.21B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 1.58% or $1.71 during the last trading session, reaching $109.96. About 1.39 million shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 23.04% since March 15, 2018 and is uptrending. It has outperformed by 18.67% the S&P500.

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on May, 29. They expect $1.30 EPS, down 10.34 % or $0.15 from last year’s $1.45 per share. ADI’s profit will be $478.79 million for 21.15 P/E if the $1.30 EPS becomes a reality. After $1.33 actual EPS reported by Analog Devices, Inc. for the previous quarter, Wall Street now forecasts -2.26 % negative EPS growth.

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

Among 15 analysts covering Analog Devices (NASDAQ:ADI), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Analog Devices had 20 analyst reports since September 25, 2018 according to SRatingsIntel. SunTrust maintained the stock with “Buy” rating in Wednesday, February 20 report. Raymond James downgraded the shares of ADI in report on Tuesday, September 25 to “Market Perform” rating. The firm has “Hold” rating given on Wednesday, February 20 by Barclays Capital. Stifel Nicolaus maintained it with “Buy” rating and $106 target in Thursday, September 27 report. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by Bank of America on Monday, February 11. The firm earned “Sector Perform” rating on Friday, January 4 by RBC Capital Markets. The firm has “Neutral” rating given on Wednesday, November 21 by Nomura. Robert W. Baird maintained Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, February 20 with “Buy” rating. The firm has “Equal-Weight” rating given on Wednesday, December 19 by Morgan Stanley. J.P. Morgan maintained the stock with “Hold” rating in Thursday, February 21 report.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Nasdaq.com which released: “What’s in the Cards for Analog Devices (ADI) in Q1 Earnings? – Nasdaq” on February 15, 2019, also Nasdaq.com with their article: “Analog Devices (ADI) Down 6.7% Since Last Earnings Report: Can It Rebound? – Nasdaq” published on December 20, 2018, Benzinga.com published: “Earnings Scheduled For February 20, 2019 – Benzinga” on February 20, 2019. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Nasdaq.com and their article: “Analog Devices Reaches Analyst Target Price – Nasdaq” published on February 07, 2019 as well as Nasdaq.com‘s news article titled: “Pre-Market Earnings Report for February 20, 2019 : CVS, SO, ADI, ETR, GRMN, TRGP, HFC, NI, HSIC, BHC, LAMR, OC – Nasdaq” with publication date: February 19, 2019.

Analog Devices, Inc. designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits , algorithms, software, and subsystems. The company has market cap of $40.50 billion. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure. It has a 26.56 P/E ratio. The firm also provides MEMS technology solutions, including accelerometers used to sense acceleration, gyroscopes to sense rotation, and inertial measurement units to sense multiple degrees of freedom.

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

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