As Harris (HRS) Stock Price Rose, Shareholder Prudential Plc Decreased Position by $980,796; As Analog Devices (ADI) Stock Rose, Kidder Stephen W Has Raised Position by $750,270

April 16, 2018 - By Darrin Black

Analog Devices, Inc. (NASDAQ:ADI) Logo

Prudential Plc decreased its stake in Harris Corp (HRS) by 14.06% based on its latest 2017Q4 regulatory filing with the SEC. Prudential Plc sold 6,956 shares as the company’s stock rose 12.31% while stock markets declined. The hedge fund held 42,504 shares of the industrial machinery and components company at the end of 2017Q4, valued at $6.02M, down from 49,460 at the end of the previous reported quarter. Prudential Plc who had been investing in Harris Corp for a number of months, seems to be less bullish one the $19.20B market cap company. The stock decreased 0.66% or $1.07 during the last trading session, reaching $161.69. About 425,866 shares traded. Harris Corporation (NYSE:HRS) has risen 44.73% since April 16, 2017 and is uptrending. It has outperformed by 33.18% the S&P500.

Kidder Stephen W increased its stake in Analog Devices (ADI) by 15.63% based on its latest 2017Q4 regulatory filing with the SEC. Kidder Stephen W bought 8,430 shares as the company’s stock rose 2.48% while stock markets declined. The institutional investor held 62,375 shares of the technology company at the end of 2017Q4, valued at $5.55M, up from 53,945 at the end of the previous reported quarter. Kidder Stephen W who had been investing in Analog Devices for a number of months, seems to be bullish on the $34.31B market cap company. The stock decreased 0.26% or $0.24 during the last trading session, reaching $92.78. About 1.87M shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 11.86% since April 16, 2017 and is uptrending. It has outperformed by 0.31% the S&P500.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.10, from 0.99 in 2017Q3. It increased, as 23 investors sold HRS shares while 207 reduced holdings. 91 funds opened positions while 160 raised stakes. 98.23 million shares or 1.10% less from 99.32 million shares in 2017Q3 were reported. Intll Gp Inc invested 0.02% of its portfolio in Harris Corporation (NYSE:HRS). Gradient Ltd Liability Corp has 0% invested in Harris Corporation (NYSE:HRS) for 7 shares. First Merchants has 0.84% invested in Harris Corporation (NYSE:HRS). Moreover, Commerzbank Aktiengesellschaft Fi has 0.01% invested in Harris Corporation (NYSE:HRS). Meiji Yasuda Asset Management Communications Ltd reported 0.13% stake. Arcadia Investment Management Corporation Mi has 0% invested in Harris Corporation (NYSE:HRS) for 9 shares. Lehman Fincl Resources Incorporated holds 0.33% or 4,428 shares in its portfolio. 1,774 are owned by Livforsakringsbolaget Skandia Omsesidigt. Moreover, Dubuque State Bank has 0.37% invested in Harris Corporation (NYSE:HRS) for 17,377 shares. Amica Mutual Insur Company invested 0.06% in Harris Corporation (NYSE:HRS). Hudock Cap Gp Limited Liability Com owns 43 shares. Moreover, Nuveen Asset Management Limited Liability Co has 0% invested in Harris Corporation (NYSE:HRS) for 3,236 shares. Cornerstone Cap Ltd Co has 0.02% invested in Harris Corporation (NYSE:HRS). Earnest Limited Com has invested 0% of its portfolio in Harris Corporation (NYSE:HRS). Tiaa Cref Investment Ltd Liability has invested 0.03% in Harris Corporation (NYSE:HRS).

Prudential Plc, which manages about $98.23 billion and $32.83B US Long portfolio, upped its stake in Amazon.Com Inc (NASDAQ:AMZN) by 745 shares to 186,116 shares, valued at $217.66 million in 2017Q4, according to the filing. It also increased its holding in L Brands Inc (LTD) by 57,829 shares in the quarter, for a total of 587,304 shares, and has risen its stake in Regeneron Pharmace (NASDAQ:REGN).

Analysts await Harris Corporation (NYSE:HRS) to report earnings on May, 2. They expect $1.64 EPS, up 18.84% or $0.26 from last year’s $1.38 per share. HRS’s profit will be $194.71 million for 24.65 P/E if the $1.64 EPS becomes a reality. After $1.67 actual EPS reported by Harris Corporation for the previous quarter, Wall Street now forecasts -1.80% negative EPS growth.

Among 11 analysts covering Harris (NYSE:HRS), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Harris had 39 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Seaport Global Securities given on Monday, November 7. The stock has “Buy” rating by Goldman Sachs on Tuesday, September 8. The stock has “Buy” rating by Jefferies on Tuesday, June 6. As per Monday, October 12, the company rating was initiated by RBC Capital Markets. On Tuesday, March 15 the stock rating was downgraded by Cowen & Co to “Market Perform”. The firm has “Overweight” rating given on Monday, October 12 by JP Morgan. The firm has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. On Thursday, August 17 the stock rating was maintained by Jefferies with “Buy”. The stock of Harris Corporation (NYSE:HRS) has “Overweight” rating given on Wednesday, November 1 by JP Morgan. The firm earned “Buy” rating on Thursday, December 17 by Jefferies.

Since February 15, 2018, it had 0 insider purchases, and 3 selling transactions for $12.22 million activity. $1.35 million worth of Harris Corporation (NYSE:HRS) was sold by FOX SHELDON J. On Friday, March 2 the insider MIKUEN SCOTT T sold $3.02 million.

Kidder Stephen W, which manages about $278.99 million US Long portfolio, decreased its stake in Smucker J M (NYSE:SJM) by 13,242 shares to 8,925 shares, valued at $1.11M in 2017Q4, according to the filing. It also reduced its holding in 3M (NYSE:MMM) by 3,453 shares in the quarter, leaving it with 48,452 shares, and cut its stake in Novozymes A S Dkk 2.0.

Since October 23, 2017, it had 0 insider buys, and 18 selling transactions for $12.92 million activity. ROCHE VINCENT also sold $898,900 worth of Analog Devices, Inc. (NASDAQ:ADI) shares. STATA RAY had sold 10,000 shares worth $921,300 on Friday, January 12. $65,259 worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by Jamal Yusuf on Wednesday, January 3. Shares for $402,882 were sold by Real Peter. 4,000 shares valued at $366,080 were sold by Henderson Gregory N. on Friday, January 5. Wynne Eileen had sold 5,209 shares worth $494,136.

Among 33 analysts covering Analog Devices (NASDAQ:ADI), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Analog Devices had 129 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained Analog Devices, Inc. (NASDAQ:ADI) on Thursday, March 1 with “Outperform” rating. On Wednesday, July 27 the stock rating was upgraded by Evercore to “Buy”. The stock has “Buy” rating by Jefferies on Thursday, October 19. The firm earned “Overweight” rating on Tuesday, February 13 by PiperJaffray. The firm earned “Buy” rating on Wednesday, May 31 by Drexel Hamilton. The rating was upgraded by Nomura to “Neutral” on Friday, January 15. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 1 report. SunTrust maintained the shares of ADI in report on Wednesday, October 11 with “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Buy”. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Hold” rating by Nomura on Thursday, August 31.

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.07, from 1.21 in 2017Q3. It is positive, as 46 investors sold ADI shares while 224 reduced holdings. 92 funds opened positions while 253 raised stakes. 319.40 million shares or 1.26% more from 315.41 million shares in 2017Q3 were reported. Gateway Investment Advisers reported 0.23% stake. Cincinnati Casualty reported 0.63% in Analog Devices, Inc. (NASDAQ:ADI). Doheny Asset Mngmt Ca has invested 0.82% in Analog Devices, Inc. (NASDAQ:ADI). Garrison Corp owns 4,683 shares. Hbk Sorce Advisory Ltd Llc accumulated 4,406 shares. Evercore Wealth Limited owns 7,705 shares. Confluence Lc accumulated 0.77% or 476,489 shares. Aviva Pcl invested in 225,809 shares or 0.11% of the stock. Hancock owns 4,855 shares. Gemmer Asset Mngmt Ltd Liability Com has 340 shares. Moreover, Strs Ohio has 0% invested in Analog Devices, Inc. (NASDAQ:ADI). Bingham Osborn And Scarborough reported 2,473 shares. Tci Wealth Advsrs reported 33 shares. State Board Of Administration Of Florida Retirement Sys accumulated 510,776 shares. Livforsakringsbolaget Skandia Omsesidigt reported 5,539 shares or 0.05% of all its holdings.

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

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