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California Public Employees Retirement System Sells 142,973 Shares of Analog Devices, Inc. $ADI
The California Public Employees Retirement System reduced its stake in Analog Devices, Inc. by 12.8% in Q3, selling 142,973 shares. Despite this, other institutional investors increased their holdings in the semiconductor company. Analysts have largely maintained “buy” ratings and raised price targets for Analog Devices, which recently announced a dividend increase and reported strong earnings.