Earnings
VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in Analog Devices, Inc. $ADI
Virginia Retirement Systems acquired 40,660 shares of Analog Devices (NASDAQ:ADI) worth approximately $16.1 million in Q2, contributing to institutional investors owning 86.81% of the company. Analog Devices reported strong Q2 earnings, beating estimates with $3.45 EPS and a 39.2% year-over-year revenue increase to $4.02 billion. Analysts maintain a "Buy" rating with an average price target of $454.63, significantly above the current share price of $362.25.