As Analog Devices INC (ADI) Shares Rose, Cantillon Capital Management LLC Decreased Stake by $10.83 Million

June 27, 2018 - By Jane Lemasters

Analog Devices, Inc. (NASDAQ:ADI) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.96. That’s change of 0.32, from 2017Q4’s 1.28. 56 investors sold all, 255 reduced holdings as ADI ratio dived. 227 grew holdings while 72 funds bought holdings. Funds hold 317.60 million shares thus 0.56% less from 2017Q4’s 319.40 million shares. Chevy Chase Trust invested in 0.13% or 312,499 shs. Liberty Mutual Group Asset Mgmt invested in 0.04% or 14,654 shs. Intact Investment Mgmt reported 0.01% in Analog Devices, Inc. (NASDAQ:ADI). Dudley Shanley, a Florida-based fund reported 22,254 shs. Cleararc stated it has 9,444 shs. Legacy Private Tru Commerce reported 0.03% of its capital in Analog Devices, Inc. (NASDAQ:ADI). State Street holds 13.58M shs or 0.11% of its capital. Washington Trust holds 0.64% of its capital in Analog Devices, Inc. (NASDAQ:ADI) for 119,214 shs. Lord Abbett And Llc, New Jersey-based fund reported 552,547 shs. Japan-based Sumitomo Mitsui Tru has invested 0.13% in Analog Devices, Inc. (NASDAQ:ADI). Westover Advisors Ltd Liability owns 0.15% invested in Analog Devices, Inc. (NASDAQ:ADI) for 2,955 shs. Tdam Usa Incorporated has invested 0.08% in Analog Devices, Inc. (NASDAQ:ADI). Old Commercial Bank In has invested 0.43% in Analog Devices, Inc. (NASDAQ:ADI). Robecosam Ag accumulated 500,000 shs or 2.11% of the stock. Taurus Asset Mgmt Limited Company holds 2.32% or 169,445 shs.

ADI had 24 selling transactions and 0 insider buys since January 3, 2018. This’s net activity of $15.81 million. ROCHE VINCENT also sold $912,500 worth of Analog Devices, Inc. (NASDAQ:ADI) on Thursday, February 1. SEIF MARGARET K had sold 7,000 shs worth $643,105. On Wednesday, May 30 $427,657 worth of stock was sold by Real Peter. On Friday, January 5 $917,000 worth of stock was sold by STATA RAY. $1.68M worth of stock was sold by Hassett Joseph on Friday, June 1. 7,500 shs valued at $685,905 were sold by SICCHITANO KENTON J on Friday, January 12.

The stake In Analog Devices Inc (ADI) was reduced owned by William Von Mueffling. According to 2018Q1 SEC form the reduction is 2.05%. By selling 118,991 shares Cantillon Capital Management Llc made the stock popped up with 3.35%. The technology company reported $518.55 million value for the 2018Q1. Now the hedge fund run by William Von Mueffling is holding 5.69 million shares, compared to the 5.81 million from the previous quarter. Cantillon Capital Management Llc has risen its stake in Trinet Group Inc (NYSE:TNET) and also increased its holding in Interactive Brokers Group In (NASDAQ:IBKR) by 501,191 shares in the quarter, for a total of 2.54 million shares.

On August, 29 is awaited Analog Devices, Inc. (NASDAQ:ADI)’s earnings report, as reported by Faxor. Analysts predict 15.87 % diference or $1.46 from the $1.26 EPS from 2017. If $1.46 is reported, ADI’s profit will reach $541.50 million for 16.97 P/E. Last quarter $1.45 EPS was reported. Analysts predicts 0.69 % EPS growth this quarter.

There’s a significant Analog Devices, Inc. (NASDAQ:ADI) news brought out by Seekingalpha.com. It’s an item 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 Thursday, March 1 the company was maintained by Argus Research. On Thursday, March 1 the stock has “Neutral” rating by Nomura. On Wednesday, January 24 SunTrust maintained Analog Devices, Inc. (NASDAQ:ADI) with “Hold” rating. On Thursday, May 31 the rating was maintained by Bernstein with “Buy”. On Thursday, March 1 the stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given by B. Riley & Co. On Thursday, April 12 SunTrust maintained Analog Devices, Inc. (NASDAQ:ADI) rating. SunTrust has “Buy” rating and $11600 target. The stock rating was maintained by Oppenheimer with “Buy” on Wednesday, May 30. On Thursday, May 31 JP Morgan maintained Analog Devices, Inc. (NASDAQ:ADI) rating. JP Morgan has “Neutral” rating and $101 target. On Tuesday, February 13 Piper Jaffray upgraded Analog Devices, Inc. (NASDAQ:ADI) to “Buy” rating. On Thursday, May 31 the stock has “Overweight” rating by PiperJaffray.

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

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