Analog Devices' Q3 earnings surpassed estimates, with 86.81% of its stock owned by institutional investors.

Analog Devices, Inc. (NASDAQ: ADI) experienced a 1.1% increase in shares held by Silverberg Bernstein Capital Management in Q3, with 86.81% of its stock owned by institutional investors. ADI reported Q3 earnings of $1.58 EPS, surpassing estimates, and revenue of $2.31 billion, though down 24.8% year-over-year. Analysts have a "Moderate Buy" rating for ADI, with a consensus price target of $249.80. Shares rose to $228.23 recently.

October 05, 2024
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