Munich Reinsurance Co Stock Corp in Munich Lowers Position in Analog Devices, Inc. $ADI
MarketBeat
Munich Reinsurance Co Stock Corp in Munich significantly reduced its stake in Analog Devices (NASDAQ:ADI) by 95.1% in the second quarter, selling 9,140 shares and retaining 469 shares valued at $186,000. Despite this reduction, institutional investors still hold 86.81% of ADI, and analysts maintain a bullish outlook with an average price target of $454.63. Analog Devices recently exceeded earnings and revenue expectations and declared a quarterly dividend of $1.10.
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