Pinnbrook Capital Management LP Makes New Investment in Analog Devices, Inc. $ADI

Pinnbrook Capital Management LP has disclosed a new investment in Analog Devices, Inc. (ADI) during Q3, acquiring 8,277 shares valued at approximately $2.03 million. This new position comes as Analog Devices reported strong quarterly results, beating EPS and revenue estimates, and received several analyst price target upgrades. Institutional investors hold a significant portion of ADI stock, though insiders have recently sold shares.