Analog Devices Inc (ADI): Rick D Hess , SVP, Comm & Automotive Group of Analog Devices Inc sold 6,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $60.03 per share for a total value of $360,197.41 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 8, 2016, Kenton J Sicchitano (director) sold 15,000 shares at $58.28 per share price.On Apr 5, 2016, Margaret K Seif (SVP, CLO & Secretary) sold 2,000 shares at $59.00 per share price.Also, On Jan 7, 2016, David Zinsner (SVP, Finance & CFO) sold 7,000 shares at $51.98 per share price.On Nov 30, 2015, Bruce R Evans (director) purchased 10,000 shares at $60.60 per share price.
Analog Devices: On Friday, Jul 15, 2016 heightened volatility was witnessed in Analog Devices which led to swings in the share price. The shares opened for trading at $60.25 and hit $60.25 on the upside , eventually ending the session at $60.15, with a gain of 0.22% or 0.13 points. The heightened volatility saw the trading volume jump to 19,85,333 shares. The 52-week high of the share price is $64.155 and the company has a market cap of $18,487 M . The 52-week low of the share price is at $47.24.
Company has been under the radar of several Street Analysts.Analog Devices is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 63 from a previous price target of $65 . The Rating was issued on Jul 1, 2016.Analog Devices is Downgraded by BofA/Merrill to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Jun 27, 2016.Analog Devices is Initiated by Goldman to Sell and the brokerage firm has set the Price Target at $50. The Rating was issued on Jun 2, 2016.Analog Devices is Downgraded by Raymond James to Outperform. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Apr 19, 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.