Gotham Asset Management Reduces $4M in Analog Devices, Inc. ($ADI)
The asset manager trimmed its position in the semiconductor company by 9,537 shares.
Key Points
- Gotham Asset Management trimmed its position in Analog Devices, reducing its stake by 9,537 shares to 108,399 shares, valued at $46.2 million.
- Analog Devices has a market cap of approximately $201.9 billion, with shares trading near $426.18 and a P/E ratio of 61.49.
- Insiders, including Martin Cotter, engaged in notable transactions, while analysts maintained a positive outlook with a consensus buy rating.
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Gotham Asset Management recently trimmed its position in Analog Devices, Inc. (NasdaqGS: ADI), according to its latest Form 13F filing with the SEC. The asset manager reduced its stake by 9,537 shares, or about 8.1%, bringing its total holdings to 108,399 shares valued at approximately $46.2 million as of the reporting period.
What Changed in Gotham Asset Management's Analog Devices Position
Gotham Asset Management reduced its stake in Analog Devices by 9,537 shares, moving from 117,936 shares to 108,399 shares. This adjustment represents an 8.1% decrease in their holdings, with the position valued at $46.2 million.
Other Institutional Activity in Analog Devices
In other institutional activity, BlackRock, Inc. reduced its holdings by 142,652 shares, ending with 43,112,917 shares worth about $13.7 billion. Vanguard Capital Management LLC significantly increased its position, adding 31,739,071 shares to hold a total of 31,739,071 shares valued at approximately $10.1 billion. State Street Corp also reduced its stake by 428,915 shares, leaving it with 23,058,669 shares worth roughly $7.3 billion. Meanwhile, JPMorgan Chase & Co cut its holdings by 1,735,896 shares, resulting in 20,732,781 shares valued at $6.3 billion. Geode Capital Management, LLC increased its position by 229,621 shares, holding 12,170,756 shares valued at about $3.9 billion.
Analog Devices, Inc. Stock Up 22.5%
Shares of Analog Devices (NasdaqGS: ADI) traded around $426.18. The company has a market cap of about $201.9 billion and a P/E ratio of 61.49. Its forward P/E is 28.05, and the stock has a beta of 1.183. Over the past year, the stock's 52-week low was $218.37, and its high was $439.70. The 50-day moving average is $399.04, while the 200-day moving average stands at $309.58. The company maintains a current ratio of 1.75 and a quick ratio of 1.23, with a debt-to-equity ratio of 25.81.
$ADI stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Analog Devices reported revenue of $12.7 billion, with a revenue growth rate of 37.2%. The company's net margin was 26%, and its return on equity was 9.64%. The next earnings report is expected on August 19, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
13 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA missed by 3 percent. Operating income missed by 14 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
13 target raises.
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Earnings quality
Gross margin up 6.3 points. Operating margin up 12.4 points. Positive free cash flow.
Earnings Call Summary
Analog delivered record $3.62 billion in revenue, up 37 percent year over year and beating expectations. Industrial segment led the way up 56 percent, while data center surged 90 percent. The company is investing in AI, automation, energy systems, and healthcare, and just announced the acquisition of Empower Semiconductor to fill gaps in power-delivery technology for data centers. Management said demand is strong across all markets and they have ample capacity and supply-chain resilience to keep growing.
Guidance They guided for about $3.09 billion in revenue next quarter, above consensus. They expect mid- to high-single-digit growth in industrial and automotive, with communications up low- to mid-teens. Management sees capacity to support up to $20 billion revenue by 2030 and continues building both internal and external manufacturing.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Analog Devices, Inc.
Insider activity at Analog Devices included several transactions. On June 2, 2026, Martin Cotter, SVP of Vertical Business Units, bought and sold 17,594 shares at an average price of $83.48 and $418.00, respectively, not under a planned trading scheme. Ray Stata sold 1,416 shares at $398.11 on June 10 and 1,432 shares at $400.82 on June 9, both under planned sales. Karen Golz sold 1,000 shares at $411.95 on June 12, also as a planned sale.
Analysts Set New Price Targets
Several analysts maintained their ratings on Analog Devices. On May 26, 2026, JP Morgan maintained a 'buy' rating with a price target of $450. On May 21, Evercore ISI Group and Citigroup both maintained 'buy' ratings, setting targets at $474 and $460, respectively. Wells Fargo set the highest target at $515, while Truist Securities maintained a 'hold' rating with a $405 target. The consensus among 31 analysts remains a 'buy', with a mean target price of $451.03.
About Analog Devices, Inc.
Analog Devices, Inc. is a leading technology company specializing in the design and manufacturing of integrated circuits and related products. Headquartered in Wilmington, Massachusetts, the company serves various markets, including industrial, automotive, and consumer sectors, with a workforce of approximately 24,500 employees. Under the leadership of CEO Vincent T. Roche, Analog Devices provides solutions for data conversion, power management, and digital signal processing across the globe.
Bottom Line
Gotham Asset Management's recent reduction in its Analog Devices stake highlights its strategic portfolio adjustments. Investors often track these filings to gauge institutional sentiment, but it's important to remember that 13F filings are backward-looking and may not reflect current positions. Analog Devices remains a significant player in the semiconductor industry, with strong institutional interest and positive analyst outlooks.
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