Telemark Asset Management LLC significantly increased its stake in Analog Devices (NASDAQ: ADI) by 25% in the third quarter, bringing its total holdings to 100,000 shares valued at $24.57 million. This increase makes ADI the fund’s 14th largest position. The semiconductor company also reported strong Q1 earnings, beating analyst expectations, raised its Q2 guidance, and increased its quarterly dividend to $1.10 per share.
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Analog Devices, Inc. $ADI Stock Holdings Increased by Telemark Asset Management LLC
Telemark Asset Management LLC significantly increased its stake in Analog Devices (NASDAQ: ADI) by 25% in the third quarter, bringing its total holdings to 100,000 shares valued at $24.57 million. This increase makes ADI the fund’s 14th largest position. The semiconductor company also reported strong Q1 earnings, beating analyst expectations, raised its Q2 guidance, and increased its quarterly dividend to $1.10 per share.