Kovitz Investment Group Partners LLC reduced its stake in Analog Devices (NASDAQ:ADI) by 4.7% in Q3, now holding 346,528 shares valued at approximately $85.14 million. The semiconductor company recently surpassed Q1 earnings estimates, raised Q2 guidance, and increased its quarterly dividend, leading to several analyst price target hikes. Despite this positive momentum, insider selling has been noted, with SVP Martin Cotter and CEO Vincent Roche selling shares.
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Kovitz Investment Group Partners LLC Has $85.14 Million Position in Analog Devices, Inc. $ADI
Kovitz Investment Group Partners LLC reduced its stake in Analog Devices (NASDAQ:ADI) by 4.7% in Q3, now holding 346,528 shares valued at approximately $85.14 million. The semiconductor company recently surpassed Q1 earnings estimates, raised Q2 guidance, and increased its quarterly dividend, leading to several analyst price target hikes. Despite this positive momentum, insider selling has been noted, with SVP Martin Cotter and CEO Vincent Roche selling shares.