RBC Capital Markets Reconfirms a “Outperform” Rating on Analog Devices ADI (ADI) and $95.00 Target; ADVENT/CLAYMORE Enhanced Growth (LCM) SI Decreased By 85.71%




August 31, 2017 – By Richard Conner




ADVENT/CLAYMORE Enhanced Growth (NYSE:LCM) had a decrease of 85.71% in short interest. LCM’s SI was 37,400 shares in August as released by FINRA. Its down 85.71% from 261,800 shares previously. With 138,700 avg volume, 0 days are for ADVENT/CLAYMORE Enhanced Growth (NYSE:LCM)’s short sellers to cover LCM’s short positions. About 26,481 shares traded. Advent Claymore Enhanced Growth & Income (NYSE:LCM) has risen 7.81% since August 31, 2016 and is uptrending. It has underperformed by 8.89% the S&P500.

Among 22 analysts covering Analog Devices Inc. (NYSE:ADI), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Analog Devices Inc. has $100 highest and $53 lowest target. $75.42’s average target is -10.12% below currents $83.91 stock price. Analog Devices Inc. had 31 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was initiated by Sterne Agee CRT with “Buy” on Wednesday, September 9. On Monday, August 3 the stock rating was initiated by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Wednesday, August 19 by Suntrust Robinson. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Tuesday, September 15 by Evercore. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, June 1 report. The rating was upgraded by SunTrust to “Neutral” on Wednesday, August 19. The stock of Analog Devices, Inc. (NASDAQ:ADI) has “Buy” rating given on Wednesday, August 19 by Oppenheimer. The firm earned “Hold” rating on Thursday, July 23 by Drexel Hamilton. The firm earned “Reduce” rating on Friday, June 2 by Nomura. Zacks downgraded the shares of ADI in report on Tuesday, August 25 to “Buy” rating.

Analog Devices, Inc. designs, makes and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. The company has market cap of $30.80 billion. The Company’s products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. It has a 41.89 P/E ratio. The Firm is a supplier of data converter products.

Investors sentiment decreased to 1.14 in 2016 Q4. Its down 1.62, from 2.76 in 2016Q3. It fall, as 37 investors sold Analog Devices, Inc. shares while 203 reduced holdings. 79 funds opened positions while 187 raised stakes. 278.35 million shares or 3.79% more from 268.18 million shares in 2016Q3 were reported. 13,049 are held by Oakbrook Invests Limited Liability Co. Citigroup has 0.01% invested in Analog Devices, Inc. (NASDAQ:ADI) for 87,215 shares. Bluemountain Cap Mgmt Ltd Liability stated it has 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Cohen & Steers reported 2,660 shares. Teachers Retirement Sys Of The State Of Kentucky stated it has 114,856 shares or 0.11% of all its holdings. Brown Brothers Harriman & Communications invested 0% in Analog Devices, Inc. (NASDAQ:ADI). Bnp Paribas Arbitrage holds 0.06% or 183,255 shares. Grandfield And Dodd Limited Com owns 2.88% invested in Analog Devices, Inc. (NASDAQ:ADI) for 306,516 shares. Franklin Resources invested in 8.01 million shares or 0.3% of the stock. Dudley Shanley Ltd Liability Corp holds 25,700 shares. Boothbay Fund Mgmt Ltd Liability Co holds 0.36% or 15,050 shares. Sadoff Mgmt Ltd Liability Company stated it has 2.12% in Analog Devices, Inc. (NASDAQ:ADI). Trillium Asset Ltd Liability holds 0.36% or 75,947 shares in its portfolio. Moreover, Nuveen Asset Mgmt Ltd Liability Co has 0.07% invested in Analog Devices, Inc. (NASDAQ:ADI) for 200,239 shares. 97,000 were reported by Empyrean Cap Partners L P.

Since March 1, 2017, it had 1 insider buy, and 12 insider sales for $16.81 million activity. CHAMPY JAMES had sold 1,850 shares worth $153,981 on Tuesday, March 14. Shares for $4.15 million were sold by STATA RAY on Friday, March 17. Cotter Martin sold $160,080 worth of stock. ROCHE VINCENT sold $4.11 million worth of stock. 3,000 shares were sold by SEIF MARGARET K, worth $244,620 on Monday, May 22. The insider NOVICH NEIL S sold $1.24M. Another trade for 6,000 shares valued at $494,700 was sold by Hess Rick D.

About 1.81M shares traded. Analog Devices, Inc. (NYSE:ADI) has risen 45.85% since August 31, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Advent/Claymore Enhanced Growth & Income Fund is a diversified, closed-end management investment company. The company has market cap of $77.40 million. The Fund’s primary investment objective is to seek current income and current gains from trading in securities, with a secondary objective of long-term capital appreciation. It currently has negative earnings. Under normal market conditions, the Fund invests approximately 40% of its managed assets in a diversified portfolio of equity securities and convertible securities of the United States and non-United States issuers, and may invest up to 60% of its managed assets in non-convertible high-yield securities.

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By Richard Conner

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