Mitsubishi UFJ Asset Management Co. Ltd. Has $257.28 Million Position in Analog Devices, Inc. $ADI

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Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Analog Devices, Inc. by 4.5% during the third quarter, now owning 1,047,111 shares valued at approximately $257.28 million. This comes as Analog Devices reported strong Q1 results, raised its dividend by 11%, and received analyst upgrades, contributing to a “Moderate Buy” consensus. The company’s performance is further supported by growth in industrial, automotive, and communications sectors, along with AI/data-center opportunities.

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