Bank of America 13F: Adds $199M to Analog Devices (ADI) Stake

Bank of America Boosts Chipmaker Stake

Bank of America increased its holdings in Analog Devices, Inc. (NasdaqGS: ADI) during the period, purchasing 501,604 more shares of the semiconductor specialist. The acquisition brought the total institutional stake to 10,216,699 shares, according to a Form 13F filing with the SEC. Based on market values during the reporting window, the total position was worth about $4.06 billion.

Inside Bank of America's Portfolio Move

The fund expanded its previous holding of 9,715,095 shares by a 5.2% margin. Because 13F filings are backward-looking documents reflecting holdings at the close of a specific quarter, the reported figures show the institution's posture during that timeframe and may not match its current real-time balance.

Trading Near Recent Moving Averages

Shares of Analog Devices trade close to recent benchmarks, reflecting steady activity across the broader technology sector. The company's trailing price-to-earnings ratio sits at 48.0, while its forward P/E rests at 24.6. The stock changes hands well within its 52-week trading bounds of $223.47 and $445.91.

Wall Street Analyst Actions and Ratings

Wall Street firms have remained active in updating their views on the stock. On September 8, 2026, TD Cowen reiterated its buy rating with a $460.00 price target. Earlier in August, Baird maintained an outperform rating while raising its target to $675.00, and BMO Capital initiated coverage on August 21, 2026, with an outperform rating and a $430.00 target. JP Morgan maintained an overweight rating and lifted its target to $500.00 on August 20, 2026, while Morgan Stanley maintained an overweight rating with a $458.00 target on the same day. Bernstein upgraded the stock to outperform with a $465.00 target on August 20, 2026, and Wells Fargo maintained an overweight rating with a $500.00 target. Overall, the stock carries a consensus recommendation of strong buy from 32 analyst opinions and a mean price target of $471.34.

Behind the Business Operations

Analog Devices designs and manufactures specialized integrated circuits, data converters, and power management tools used across industrial, automotive, and communications markets. The firm translates real-world analog signals into digital data and helps power conversion across various applications. Its components serve clients worldwide through direct sales, distributors, and online channels.

What to Watch at Analog Devices, Inc.

Investors tracking Bank of America's position will look to subsequent quarterly filings to see whether the institution continues to build out its stake or scales back its exposure. Analog Devices is scheduled to report its next set of earnings on November 24, 2026, which will provide fresh insight into the company's financial performance.