Analog Devices (ADI) : Fridays money flow data in Analog Devices (ADI) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $1.92 million, whereas, $0.24 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 7.98, in favor of the bulls. The total money flow into the stock was $1.68 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $1.5 million. The total value of block trades done on upticks was $1.5 million. Analog Devices (ADI) fell $0.19 and traded at $59.76, down -0.32% for the day, over previous days close. On a weekly basis, the shares are -0.65% over the previous weeks close.
Analog Devices (ADI) : The highest level Analog Devices (ADI) is projected to reach is $68 for the short term and the lowest estimate is at $51. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $60.47 and the possibility the share price can swing is $4.84.
Analog Devices (NASDAQ:ADI): stock turned positive on Friday. Though the stock opened at $60.05, the bulls momentum made the stock top out at $60.435 level for the day. The stock recorded a low of $59.66 and closed the trading day at $60.4, in the green by 0.75%. The total traded volume for the day was 823,680. The stock had closed at $59.95 in the previous days trading.
In a related news, The officer (SVP, Comm & Automotive Group), of Analog Devices Inc, Hess Rick D had unloaded 6,000 shares at $60.03 per share in a transaction on July 15, 2016. The total value of transaction was $360,180. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.