Cantillon Capital Management LLC Decreased Analog Devices INC (ADI) Stake

June 27, 2018 - By Mark Williams

Analog Devices, Inc. (NASDAQ:ADI) Corporate LogoBig Money Sentiment decreased to 0.96 in Q1 2018. It has change of 0.32, from 2017Q4’s 1.28. The ratio turned negative due to ADI positioning: 56 sold and 255 reduced. 72 funds bought holdings and 227 increased holdings. Investors holded 319.40 million in 2017Q4 but now own 317.60 million shares or 0.56% less. Convergence Investment Ptnrs, a Wisconsin-based fund reported 749 shs. Cornerstone Advisors Inc, Washington-based fund reported 2,851 shs. Sumitomo Mitsui Tru owns 1.08 million shs. Cue Group Inc holds 0.39% in Analog Devices, Inc. (NASDAQ:ADI) or 6,509 shs. Evercore Wealth Ltd Co holds 0.03% or 7,445 shs. State Treasurer State Of Michigan invested in 0.08% or 108,895 shs. Moreover, Coldstream Capital has 0.27% invested in Analog Devices, Inc. (NASDAQ:ADI) for 27,314 shs. Azimuth Management Ltd holds 4,938 shs or 0.03% of its capital. Synovus Finance Corp holds 3,866 shs. Moreover, Madison Invest has 0.37% invested in Analog Devices, Inc. (NASDAQ:ADI). Nomura holds 0% of its capital in Analog Devices, Inc. (NASDAQ:ADI) for 52,918 shs. Driehaus Ltd Liability Com holds 0.02% of its capital in Analog Devices, Inc. (NASDAQ:ADI) for 5,423 shs. Great Lakes Advsrs Lc has invested 0.07% in Analog Devices, Inc. (NASDAQ:ADI). Oak Ridge Invests Ltd, Illinois-based fund reported 5,605 shs. Associated Banc reported 1.16% stake.

ADI had 24 insider sales and 0 insider buys since January 3, 2018. This’s net activity of $15.81 million. 10,000 shs were sold by ROCHE VINCENT, worth $912,500. STATA RAY sold $917,000 worth of Analog Devices, Inc. (NASDAQ:ADI) or 10,000 shs on Friday, January 5. On Thursday, March 22 CHAMPY JAMES sold $226,292 worth of Analog Devices, Inc. (NASDAQ:ADI) or 2,455 shs. $366,080 worth of Analog Devices, Inc. (NASDAQ:ADI) shs were sold by Henderson Gregory N.. 17,150 shs were sold by Hassett Joseph, worth $1.68M on Friday, June 1. Another trade for 718 shs valued at $65,259 was made by Jamal Yusuf on Wednesday, January 3.

In Analog Devices Inc (ADI) was reduced the holdings held by William Von Mueffling. The reduction is 2.05% according to 2018Q1 SEC form. 118,991 shares were sold by Cantillon Capital Management Llc as the company’s stock rose 3.35% while stock markets declined. The technology company announced $518.55 million value for the 2018Q1. Now the hedge fund run by William Von Mueffling is holding 5.69M shares, compared to the 5.81M from the previous quarter. Cantillon Capital Management Llc has risen its stake in Broadcom Ltd and also increased its holding in Trinet Group Inc (NYSE:TNET) by 225,981 shares in the quarter, for a total of 4.14M shares.

Analog Devices, Inc. (NASDAQ:ADI)’s earnings report is anticipated by WallStreet on August, 29, Zacks reports. Analysts predict $1.46 earnings per share, which is $0.20 up or 15.87 % from 2017’s $1.26 earnings per share. ADI’s profit could be $541.50M if the current earnings per share of $1.46 is accurate. Wall Street now predicts 0.69 % EPS growth despite Analog Devices, Inc. previous quarter’s EPS of $1.45.

There’s a substantial Analog Devices, Inc. (NASDAQ:ADI) news posted by Seekingalpha.com. It’s an article titled: “Analog Devices: Estimates Could Be Too Low” on June 11, 2018.

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

Total analysts of 21 have positions in Analog Devices (NASDAQ:ADI) as follows: 17 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 81%. Since December 29, 2017 according to StockzIntelligence Inc Analog Devices has 31 analyst reports. On Wednesday, May 23 the rating was maintained by Oppenheimer with “Buy”. The company rating was maintained by Bernstein on Thursday, May 31. On Wednesday, May 30 the stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by Oppenheimer. On Thursday, March 1 the rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, February 13 the rating was upgraded by Piper Jaffray to “Buy”. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 3. In Thursday, May 31 report JP Morgan maintained the stock with “Neutral” rating. In Thursday, March 1 report B. Riley & Co maintained the stock with “Buy” rating. On Thursday, February 22 Oppenheimer maintained Analog Devices, Inc. (NASDAQ:ADI) rating. Oppenheimer has “Buy” rating and $100.0 target. On Tuesday, February 13 PiperJaffray upgraded Analog Devices, Inc. (NASDAQ:ADI) to “Overweight” rating.

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

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