Vanguard Group Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.3% in the third quarter, purchasing an additional 162,075 shares and bringing its total holdings to over 50 million shares valued at approximately $12.38 billion. This move comes as Analog Devices shows strong market performance, with positive sentiment from analysts including an upgrade by Barclays and consistent earnings beats. Despite some short-term volatility, institutional investors currently own 86.81% of the semiconductor company’s stock.
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Vanguard Group Inc. Buys 162,075 Shares of Analog Devices, Inc. $ADI
Vanguard Group Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.3% in the third quarter, purchasing an additional 162,075 shares and bringing its total holdings to over 50 million shares valued at approximately $12.38 billion. This move comes as Analog Devices shows strong market performance, with positive sentiment from analysts including an upgrade by Barclays and consistent earnings beats. Despite some short-term volatility, institutional investors currently own 86.81% of the semiconductor company’s stock.