Hemenway Trust Company Has Lifted Its Analog Devices (ADI) Stake by $626,808 as Stock Value Rose; Simcoe Capital Management Has Trimmed Its Stake in Flex LTD (FLEX) by $3.70 Million as Stock Price Declined

June 15, 2018 - By Clifton Ray

Analog Devices, Inc. (NASDAQ:ADI) Logo

Hemenway Trust Company Llc increased its stake in Analog Devices (ADI) by 4.18% based on its latest 2018Q1 regulatory filing with the SEC. Hemenway Trust Company Llc bought 6,888 shares as the company’s stock rose 3.35% while stock markets declined. The institutional investor held 171,814 shares of the technology company at the end of 2018Q1, valued at $15.66 million, up from 164,926 at the end of the previous reported quarter. Hemenway Trust Company Llc who had been investing in Analog Devices for a number of months, seems to be bullish on the $37.36 billion market cap company. The stock decreased 0.94% or $0.96 during the last trading session, reaching $100.74. About 1.01M shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 15.92% since June 15, 2017 and is uptrending. It has outperformed by 3.35% the S&P500. Some Historical ADI News: 09/03/2018 – ANALOG DEVICES INC – ALSO PRICED $450 MLN AGGREGATE PRINCIPAL AMOUNT OF 2.950% SENIOR UNSECURED NOTES DUE JANUARY 12, 2021; 08/03/2018 – Analog Devices: Acquires Symeo GmbH; 08/03/2018 – Argonas Corporate Finance Advises Siemens and Other Shareholders on the Sale of Symeo GmbH, a Company specialized in Innovative RADAR Technology for Industrial & Automotive Markets, to Analog Devices; 02/04/2018 – Fidelity Value Strategies Adds Analog Devices, Exits Wesco; 30/05/2018 – Analog Devices Reports Second Quarter Revenue Above the High-End of Guidance Led by Double-Digit YoY B2B Growth, and Record; 30/05/2018 – ANALOG DEVICES SEES 3Q REV. $1.47B TO $1.55B, EST. $1.50B; 08/05/2018 – DTS Virtual:X Immersive Audio Technology Now Available Across Popular Analog Devices Product Series; 30/05/2018 – ANALOG DEVICES 2Q REV. $1.51B; 30/05/2018 – ANALOG DEVICES INC- CEO VINCENT ROCHE SAYS ZTE WAS A SMALL AMOUNT OF HEADWIND IN THE SECOND QUARTER – CONF CALL; 30/05/2018 – Analog Devices 2Q Gross Margin 68.3%, Adjusted Gross Margin 71.3%

Simcoe Capital Management Llc decreased its stake in Flex Ltd (FLEX) by 15.46% based on its latest 2018Q1 regulatory filing with the SEC. Simcoe Capital Management Llc sold 231,425 shares as the company’s stock declined 23.17% with the market. The institutional investor held 1.27M shares of the electrical products company at the end of 2018Q1, valued at $20.67M, down from 1.50 million at the end of the previous reported quarter. Simcoe Capital Management Llc who had been investing in Flex Ltd for a number of months, seems to be less bullish one the $7.58 billion market cap company. The stock increased 2.53% or $0.355 during the last trading session, reaching $14.365. About 3.28M shares traded. Flex Ltd. (NASDAQ:FLEX) has declined 18.33% since June 15, 2017 and is downtrending. It has underperformed by 30.90% the S&P500. Some Historical FLEX News: 14/03/2018 – FDA: Zimmer Biomet, Inc.- CR-FLEX OPT FEM C-R MINUS CR-FLEX OPT FEM D-L MINUS CR-FLEX OPT FEM D-R MINUS CR-FLEX OPT FEM E-L; 14/03/2018 – FDA: Zimmer Biomet, Inc.- CR-FLEX PCT FEM B-R CR-FLEX PCT FEM C-L CR-FLEX PCT FEM C-R CR-FLEX PCT FEM D-L CR-FLEX PCT FEM; 11/05/2018 – The Klein Law Firm Notifies Investors of an Investigation Concerning Possible Violations of Federal Securities Laws by Flex Ltd; 26/03/2018 – FLEX LTD FLEX.O -MULTEK WILL CONTINUE OPERATING WITH ITS EXISTING NAME AND LOCATION IN ZHUHAI, CHINA; 07/05/2018 – S&PGRBulletin: Flex Acq Hldg Rtgs Unfctd By Waddington Grp Acq; 15/05/2018 – Contour Asset Management Buys New 1.1% Position in Flex; 15/03/2018 – Flex Wins 2018 Manufacturing Leadership Award for Sustainability; 09/05/2018 – Scott+Scott Attorneys at Law LLP Alerts Investors to the Filing of Securities Class Action Against Flex, Ltd. (FLEX); 26/03/2018 – Top Factors Driving the Global Automotive Flex Fuel Engine Market | Technavio; 16/05/2018 – Flex Presenting at Bank of America Conference Jun 6

Investors sentiment decreased to 0.96 in 2018 Q1. Its down 0.32, from 1.28 in 2017Q4. It dived, as 56 investors sold ADI shares while 255 reduced holdings. 72 funds opened positions while 227 raised stakes. 317.60 million shares or 0.56% less from 319.40 million shares in 2017Q4 were reported. Checchi Advisers Lc holds 3,502 shares. Dupont Cap Management invested in 147,552 shares. Leavell Inv Mgmt Incorporated owns 5,131 shares for 0.05% of their portfolio. Scott & Selber Incorporated has 24,849 shares. Comml Bank holds 18,817 shares. Massachusetts-based Crow Point Ltd Liability Com has invested 0.01% in Analog Devices, Inc. (NASDAQ:ADI). Taurus Asset Ltd Limited Liability Company reported 169,445 shares or 2.32% of all its holdings. Stephens Inc Ar holds 0.17% in Analog Devices, Inc. (NASDAQ:ADI) or 50,558 shares. Hm Payson Com has invested 0.02% in Analog Devices, Inc. (NASDAQ:ADI). Rafferty Asset Mgmt Ltd accumulated 276,214 shares. X Management Com Ltd Liability Com has invested 0.06% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Koch Industr owns 3,943 shares or 0.04% of their US portfolio. Boothbay Fund Lc holds 0.25% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 23,454 shares. Hartford Management holds 0.16% or 85,882 shares in its portfolio. 4,300 were reported by Ellington Group Inc Lc.

Among 33 analysts covering Analog Devices (NASDAQ:ADI), 23 have Buy rating, 0 Sell and 10 Hold. Therefore 70% are positive. Analog Devices had 140 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, August 19, the company rating was maintained by UBS. The rating was maintained by Robert W. Baird on Wednesday, August 30 with “Buy”. On Wednesday, July 22 the stock rating was downgraded by Drexel Hamilton to “Hold”. As per Wednesday, July 27, the company rating was downgraded by Citigroup. Credit Suisse maintained Analog Devices, Inc. (NASDAQ:ADI) on Tuesday, March 14 with “Outperform” rating. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Thursday, October 19 by Jefferies. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Wednesday, May 30 by Oppenheimer. As per Monday, September 11, the company rating was maintained by Jefferies. Raymond James upgraded the stock to “Buy” rating in Monday, March 26 report. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, August 19 report.

Since January 3, 2018, it had 0 insider purchases, and 24 sales for $15.81 million activity. The insider STATA RAY sold $911,300. The insider ROCHE VINCENT sold 10,000 shares worth $869,520. $640,640 worth of Analog Devices, Inc. (NASDAQ:ADI) shares were sold by SEIF MARGARET K. Henderson Gregory N. had sold 4,000 shares worth $366,080. Another trade for 3,847 shares valued at $359,329 was made by Cotter Martin on Friday, April 13. On Friday, May 4 Real Peter sold $413,550 worth of Analog Devices, Inc. (NASDAQ:ADI) or 4,595 shares.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Benzinga.com which released: “Analog Devices Q2 Earnings Preview” on May 29, 2018, also Benzinga.com with their article: “BofA Highlights The Most ‘Underowned’ Semi Stocks” published on June 12, 2018, Nasdaq.com published: “Detailed Research: Economic Perspectives on Broadcom, Analog Devices, Visa, Pier 1 Imports, QTS Realty Trust, and …” on June 14, 2018. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Seekingalpha.com and their article: “Analog Devices: Estimates Could Be Too Low” published on June 11, 2018 as well as Finance.Yahoo.com‘s news article titled: “At $94.77, Is It Time To Buy Analog Devices Inc (NASDAQ:ADI)?” with publication date: May 18, 2018.

Another recent and important Flex Ltd. (NASDAQ:FLEX) news was published by Nasdaq.com which published an article titled: “New Research Coverage Highlights Esperion Therapeutics, Magna International, Spectra Energy Partners, LP, Toronto …” on June 01, 2018.

Since February 1, 2018, it had 0 buys, and 2 selling transactions for $248,140 activity. SHIH WILLY C sold $243,573 worth of stock or 13,597 shares.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 10 have Buy rating, 1 Sell and 4 Hold. Therefore 67% are positive. Flextronics International Ltd. had 53 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Thursday, October 12. Bank of America maintained Flex Ltd. (NASDAQ:FLEX) on Thursday, May 12 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $19.0 target in Sunday, October 15 report. The firm has “Buy” rating by Needham given on Wednesday, August 30. The stock has “Buy” rating by Citigroup on Monday, April 30. Needham maintained the stock with “Buy” rating in Tuesday, July 18 report. RBC Capital Markets maintained Flex Ltd. (NASDAQ:FLEX) rating on Monday, October 5. RBC Capital Markets has “Outperform” rating and $13 target. The stock of Flex Ltd. (NASDAQ:FLEX) has “Buy” rating given on Wednesday, October 5 by Goldman Sachs. The company was maintained on Thursday, August 27 by RBC Capital Markets. The stock of Flex Ltd. (NASDAQ:FLEX) has “Buy” rating given on Friday, October 27 by Stifel Nicolaus.

Investors sentiment increased to 1.14 in Q1 2018. Its up 0.33, from 0.81 in 2017Q4. It increased, as 30 investors sold FLEX shares while 102 reduced holdings. 53 funds opened positions while 97 raised stakes. 488.10 million shares or 2.75% less from 501.93 million shares in 2017Q4 were reported. Pzena Invest Mgmt Limited Co invested 0.4% in Flex Ltd. (NASDAQ:FLEX). Argent Capital Management Limited Liability holds 0.03% or 42,700 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.08% in Flex Ltd. (NASDAQ:FLEX). Geode Capital Lc reported 332,944 shares or 0% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt invested in 1.48% or 283,478 shares. Wells Fargo & Mn holds 4.51M shares. Fdx Advsrs Incorporated reported 0.01% in Flex Ltd. (NASDAQ:FLEX). Northern Trust Corp invested in 1.42 million shares or 0.01% of the stock. South Street Ltd Llc owns 0.41% invested in Flex Ltd. (NASDAQ:FLEX) for 256,230 shares. 3.23 million were reported by Vanguard Group Inc. Lesa Sroufe &, Washington-based fund reported 325,215 shares. Lowe Brockenbrough And Communication stated it has 15,750 shares. 530,324 were accumulated by Macquarie Group Inc Ltd. Cap Invsts stated it has 27.60 million shares. First Mercantile Trust reported 0.12% in Flex Ltd. (NASDAQ:FLEX).

Analysts await Flex Ltd. (NASDAQ:FLEX) to report earnings on July, 26. They expect $0.19 earnings per share, down 9.52% or $0.02 from last year’s $0.21 per share. FLEX’s profit will be $100.26M for 18.90 P/E if the $0.19 EPS becomes a reality. After $-0.04 actual earnings per share reported by Flex Ltd. for the previous quarter, Wall Street now forecasts -575.00% EPS growth.

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

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