Rio Tinto plc (RIO) Forms $55.92 Double Bottom; State Of Wisconsin Investment Board Has Cut Analog Devices (ADI) Position

Analog Devices, Inc. (NASDAQ:ADI) Logo

State Of Wisconsin Investment Board decreased Analog Devices Inc (ADI) stake by 18.05% reported in 2018Q3 SEC filing. State Of Wisconsin Investment Board sold 77,756 shares as Analog Devices Inc (ADI)’s stock declined 6.46%. The State Of Wisconsin Investment Board holds 352,906 shares with $32.63M value, down from 430,662 last quarter. Analog Devices Inc now has $38.43B valuation. The stock increased 2.27% or $2.31 during the last trading session, reaching $104.06. About 3.69 million shares traded or 23.62% up from the average. Analog Devices, Inc. (NASDAQ:ADI) has risen 2.75% since February 13, 2018 and is uptrending. It has outperformed by 2.75% the S&P500. Some Historical ADI News: 30/05/2018 – Analog Devices 2Q Gross Margin 68.3%, Adjusted Gross Margin 71.3%; 08/05/2018 – DTS Virtual:X Immersive Audio Technology Now Available Across Popular Analog Devices Product Series; 16/05/2018 – Analog Devices’ Plug-and-Play Antenna Chip Simplifies Phased Array Radar for Avionics and Communications Equipment Designers; 30/05/2018 – ANALOG DEVICES SEES 3Q REV. $1.47B TO $1.55B, EST. $1.50B; 09/03/2018 – ANALOG DEVICES REPORTS OFFERING OF $750M NOTES; 29/05/2018 – Analog Devices Inc expected to post earnings of $1.38 a share – Earnings Preview; 09/03/2018 – ANALOG DEVICES INC – TO USE NET PROCEEDS OF OFFERING TO REPAY A PORTION OF AMOUNT OUTSTANDING UNDER ITS FIVE-YEAR TERM LOAN; 02/04/2018 – Fidelity Value Strategies Adds Analog Devices, Exits Wesco; 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; 30/05/2018 – Analog Devices 2Q Net $379.8M

Rio Tinto plc (RIO) formed double bottom with $51.45 target or 8.00% below today’s $55.92 share price. Rio Tinto plc (RIO) has $91.44 billion valuation. The stock increased 0.25% or $0.14 during the last trading session, reaching $55.92. About 4.60 million shares traded or 48.58% up from the average. Rio Tinto plc (NYSE:RIO) has declined 3.72% since February 13, 2018 and is downtrending. It has underperformed by 3.72% the S&P500. Some Historical RIO News: 13/03/2018 – Rio Tinto’s Mongolian mining woes deepen; 18/05/2018 – Rio Tinto Backs Pilbara 2018 Shipments Guidance of 330M-340M Tons of Iron Ore; 17/05/2018 – RIO TINTO MAINTAINS PILBARA SHIPMENTS GUIDANCE FOR 2018; 11/05/2018 – Apple Just Got Greener With Alcoa, Rio Tinto Accord — Barron’s Blog; 11/04/2018 – Rio Tinto defends executive bonus structure; 27/03/2018 – Rio Tinto Sells 80% Stake in Kestrel Mine for $2.25 Bln; 30/04/2018 – Australian corporate watchdog takes further legal action against Rio Tinto; 20/03/2018 – Rio Tinto Launches Bond Purchase, Redemption Plan for Up to $2.25B; 15/05/2018 – RIO TINTO CEO SAYS AMRUN PROJECT IN QUEENSLAND IS WELL ON TRACK AND EXPECTING FIRST SHIPMENTS BEFORE END OF YEAR, AHEAD OF SCHEDULE; 30/04/2018 – Australia Widens Lawsuit Against Rio Tinto, Former Executives Over Mozambique Debacle

Among 3 analysts covering Rio Tinto (NYSE:RIO), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Rio Tinto had 4 analyst reports since September 10, 2018 according to SRatingsIntel. JP Morgan upgraded the shares of RIO in report on Monday, September 10 to “Overweight” rating. The company was downgraded on Friday, February 8 by Investec. Goldman Sachs upgraded the shares of RIO in report on Tuesday, October 9 to “Buy” rating. Goldman Sachs upgraded Rio Tinto plc (NYSE:RIO) on Tuesday, February 12 to “Buy” rating.

Among 12 analysts covering Analog Devices (NASDAQ:ADI), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. Analog Devices had 16 analyst reports since August 23, 2018 according to SRatingsIntel. Nomura maintained the stock with “Neutral” rating in Wednesday, November 21 report. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Buy” rating by Bank of America on Monday, February 11. The company was maintained on Wednesday, October 3 by Morgan Stanley. Raymond James maintained Analog Devices, Inc. (NASDAQ:ADI) rating on Thursday, August 23. Raymond James has “Outperform” rating and $110 target. The rating was maintained by FBR Capital with “Buy” on Thursday, August 23. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, December 19 report. The stock has “Overweight” rating by PiperJaffray on Wednesday, November 21. The rating was maintained by Stifel Nicolaus on Thursday, September 27 with “Buy”. As per Friday, January 4, the company rating was downgraded by RBC Capital Markets. Evercore downgraded the stock to “In-Line” rating in Tuesday, September 4 report.

Since August 27, 2018, it had 0 insider purchases, and 16 sales for $11.83 million activity. Mahendra-Rajah Prashanth sold $243,886 worth of stock or 2,700 shares. SEIF MARGARET K also sold $271,269 worth of Analog Devices, Inc. (NASDAQ:ADI) on Monday, February 4. STATA RAY also sold $900,140 worth of Analog Devices, Inc. (NASDAQ:ADI) on Wednesday, November 28. Shares for $928,100 were sold by ROCHE VINCENT on Monday, October 1. Shares for $420,402 were sold by Henderson Gregory N.. On Monday, August 27 Hassett Joseph sold $1.20M worth of Analog Devices, Inc. (NASDAQ:ADI) or 12,000 shares. On Friday, August 31 the insider Real Peter sold $1.84 million.

State Of Wisconsin Investment Board increased Hancock Whitney Corporation (NASDAQ:HBHC) stake by 40,000 shares to 155,000 valued at $7.37M in 2018Q3. It also upped Lowes Cos Inc (NYSE:LOW) stake by 38,048 shares and now owns 940,947 shares. Nlight Inc was raised too.

More notable recent Analog Devices, Inc. (NASDAQ:ADI) news were published by: Nasdaq.com which released: “Analog Devices (ADI) stock upgraded to buy – Nasdaq” on February 11, 2019, also Nasdaq.com with their article: “Analog Devices (ADI) Jumps: Stock Rises 6.6% – Nasdaq” published on January 25, 2019, Nasdaq.com published: “Why Analog Devices (ADI) is Poised to Beat Earnings Estimates Again – Nasdaq” on January 25, 2019. More interesting news about Analog Devices, Inc. (NASDAQ:ADI) were released by: Nasdaq.com and their article: “Analog Devices Reaches Analyst Target Price – Nasdaq” published on February 07, 2019 as well as Nasdaq.com‘s news article titled: “After Hours Most Active for Jan 24, 2019 : F, SBUX, CZR, INTC, S, PM, GOLD, ET, RF, AAPL, ADI, QQQ – Nasdaq” with publication date: January 24, 2019.

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

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