Analog Devices Inc (ADI): Martin Cotter , SVP, WW Sales & Dig MKTG of Analog Devices Inc sold 10,000 shares on Sep 27, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $62.91 per share for a total value of $629,120.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 21, 2016, Ray Stata (director) sold 25,000 shares at $63.20 per share price.On Sep 2, 2016, Rick D Hess (SVP, Comm & Automotive Group) sold 6,000 shares at $62.63 per share price.Also, On Aug 22, 2016, Margaret K Seif (SVP, CLO & Secretary) sold 7,232 shares at $64.03 per share price.On Aug 19, 2016, Eileen Wynne (VP, Chief Accounting Officer) sold 2,504 shares at $64.25 per share price.
Analog Devices: On Tuesday, Sep 27, 2016 heightened volatility was witnessed in Analog Devices which led to swings in the share price. The shares opened for trading at $62.28 and hit $63.93 on the upside , eventually ending the session at $63.81, with a gain of 2.46% or 1.53 points. The heightened volatility saw the trading volume jump to 25,51,061 shares. The 52-week high of the share price is $66.91 and the company has a market cap of $19,620 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 Stifel to Buy and the brokerage firm has raised the Price Target to $ 80 from a previous price target of $78 .The Rating was issued on Sep 8, 2016.Analog Devices is Reiterated by Deutsche Bank to Hold and the brokerage firm has raised the Price Target to $ 65 from a previous price target of $55 .The Rating was issued on Jul 27, 2016.Analog Devices is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 64 from a previous price target of $55 .The Rating was issued on Jul 27, 2016.Analog Devices is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 66 from a previous price target of $56 .The Rating was issued on Jul 27, 2016.Analog Devices is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 78 from a previous price target of $68 .The Rating was issued on Jul 27, 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.