CenterBook Partners LP acquired a new stake of 7,776 shares in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, valued at approximately $1,911,000. This comes as Analog Devices reported strong Q1 results, raised its dividend, and received positive analyst upgrades, driven by AI and data-center momentum. Despite positive news, the stock’s valuation is noted as stretched following a recent rally.
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CenterBook Partners LP Takes Position in Analog Devices, Inc. $ADI
CenterBook Partners LP acquired a new stake of 7,776 shares in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, valued at approximately $1,911,000. This comes as Analog Devices reported strong Q1 results, raised its dividend, and received positive analyst upgrades, driven by AI and data-center momentum. Despite positive news, the stock’s valuation is noted as stretched following a recent rally.