LGT Group Foundation reduced its stake in Analog Devices by 34.3%, while Mitsubishi UFJ Asset Management increased its stake by 4.3% in Q2.

LGT Group Foundation reduced its holdings in Analog Devices, Inc. by 34.3% in Q2, while Mitsubishi UFJ Asset Management increased its stake by 4.3%. The semiconductor company reported Q2 earnings of $1.58 per share, exceeding estimates. Insiders sold shares totaling over $11 million recently. The stock, with 86.81% institutional ownership, announced a quarterly dividend of $0.92, payable on September 17. Analysts remain optimistic with updated price targets.

September 10, 2024
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