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Wealthfront Advisers LLC Boosts Holdings in Analog Devices, Inc. $ADI
Wealthfront Advisers LLC increased its stake in Analog Devices (NASDAQ:ADI) by 9.4% in the third quarter, now holding 47,343 shares valued at approximately $11.63 million. Other major institutional investors, including Norges Bank, Marshall Wace LLP, DZ BANK AG, Vanguard Group Inc., and SG Americas Securities LLC, also significantly boosted their positions. Analog Devices recently exceeded quarterly earnings expectations with $2.26 EPS and $3.08 billion in revenue, and it maintains a “Moderate Buy” consensus rating from analysts with an average price target of $314.