Brevan Howard Capital Management 13F: Adds $3.9M to ADI Stake

Brevan Howard Capital Management Grows ADI Holdings

Brevan Howard Capital Management lifted its investment in Analog Devices, Inc. (NasdaqGS: ADI) during the period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. Because 13F filings look backward, this report reflects holdings as of May 15, 2026, and may not represent the investor's current position today. The fund expanded its footprint in the semiconductor maker significantly during the quarter, signaling a larger bet on the firm's portfolio of data converters and power management tools.

Position Details and Share Count Changes

During the period, the fund added 9,856 shares to its existing holding, representing a 60.5% increase over its prior count of 16,289 shares. This purchase brought Brevan Howard's total stake to 26,145 shares. Based on the filing details, the total value of the position reached approximately $10.38 million at the close of the quarter.

Stock Performance Context

Analog Devices shares trade near $397.18, sitting well above the 50-day moving average of $382.95 and the 200-day moving average of $365.58. The stock has moved between a 52-week low of $223.47 and a 52-week high of $445.91 over the past year. This upward drift in price coincides with steady institutional interest across the sector.

Recent Earnings

Analog Devices generated $13.88 billion in revenue over the trailing period, accompanied by a revenue growth rate of 39.6%. The firm reported earnings of $8.42 per share, supported by a net margin of 29.8% and a return on equity of 12.2%. Investors tracking the company's financial calendar can look ahead to the next earnings report scheduled for November 24, 2026.

Dividend

The semiconductor producer distributes an annual dividend yield of 1.1%, backed by a dividend payout ratio of 49.6%. This payout structure provides steady cash returns to shareholders while leaving room for internal capital reinvestment.

Wall Street Analyst Views

Financial firms have remained active with their research notes and price targets for the chipmaker. 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 from $450.00, and BMO Capital initiated coverage on August 21, 2026, with an outperform rating and a $430.00 target. Additionally, JP Morgan kept an overweight rating with a $500.00 target on August 20, 2026, while Morgan Stanley maintained its overweight rating with a $458.00 target on the same day. Bernstein also upgraded the stock to an outperform rating with a $465.00 target on August 20, 2026, and Wells Fargo maintained an overweight rating with a $500.00 target.

Inside Analog Devices Operations

Headquartered in Wilmington, Massachusetts, Analog Devices designs and manufactures integrated circuits, data converters, and signal processing products used across automotive, industrial, and communications markets. The company employs roughly 24,500 workers globally and connects with customers through direct sales and independent distributors.

What to Watch at Analog Devices, Inc.

Investors tracking Brevan Howard Capital Management will need to wait for subsequent quarterly filings to see if the fund continues adding to its ADI position. In the meantime, market participants will monitor upcoming earnings results in late November and broader semiconductor industry trends for further direction.