Large Outflow of Money Witnessed in Analog Devices

Shares of Analog Devices (NASDAQ:ADI) traded 0.06 points or 0.11% higher at $57.02.The total intraday money flow for the shares came in at a disappointing $(-1.69) million. The total upticks amounted to $6.35 million and the total downticks were approximately $8.04 million, with the up/down ratio of 0.79. On a different note, the shares have seen -1.88% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $1.09 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-1.09) million.


Currently the company Insiders own 0.9% of Analog Devices shares according to the proxy statements. Institutional Investors own 87.65% of Analog Devices shares. During last six month period, the net percent change held by insiders has seen a change of -44.13%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sicchitano Kenton J, director of Analog Devices Inc, had unloaded 15,000 shares at an average price of $58.28 in a transaction dated on April 7, 2016. The total value of the transaction was worth $874,200.

Analog Devices (NASDAQ:ADI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.16% at $56.87 with 1,103,170 shares getting traded. Post opening the session at $56.86, the shares hit an intraday low of $56.7 and an intraday high of $57.55 and the price was in this range throughout the day. The company has a market cap of $17,479 million and the number of outstanding shares have been calculated to be 307,349,800 shares. The 52-week high of Analog Devices (NASDAQ:ADI) is $68.63 and the 52-week low is $47.24.

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Analog Devices (NASDAQ:ADI) In a research note issued to the investors, the brokerage major announces price-target of $50 per share.The shares have been rated Sell. The rating by the firm was issued on June 2, 2016.

Analog Devices, Inc. is engaged in the design, manufacture and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro-electro mechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products, in the industrial, automotive, consumer and communications markets.

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