Get trade alerts

Caption Management 13F: Cuts Analog Devices (ADI) Stake by $9.3M

Caption Management reduced its holdings in semiconductor maker Analog Devices, Inc. by 69.1% during the period.

By · Published · Updated

Reviewed by automated data checks against the source filing. How we make and check alerts

Caption Management sold 23,500 shares from its stake in Analog Devices, Inc. ($ADI), a 69.12% decrease, according to a 13F filing with the SEC dated May 15, 2026. It reported 10,500 shares worth $4.17 million at the end of the quarter.

Since the filing, $ADI is down 4.9% after 1 week, up 2.7% after 1 month and down 4.7% to date (from the $415.08 close on May 15, 2026).

Find the original: Caption Management 13F filings on SEC EDGAR

ADI Analog Devices, Inc.
$395.44 +45.75% year to date
Daily close · Oct 16, 2026

Key Points

  • Caption Management cut its holdings in Analog Devices, Inc. ADI by 69.1% during the period ended May 15, 2026.
  • The fund sold 23,500 shares, bringing its remaining position down to 10,500 shares worth roughly $4.17 million.
  • Analog Devices trades near $397.18, backed by a P/E ratio of 48.0 and a strong buy analyst consensus.

Get $ADI trade alerts by text

We text you when insiders, Congress or big funds trade $ADI. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Analog Devices, Inc. alert may contain errors. Disclosures

Caption Management Reduces Analog Devices Position

Caption Management trimmed its investment in Analog Devices, Inc. ADI during the period ended May 15, 2026, according to its latest Form 13F filing with the SEC. The filing reflects holdings as of that date and may not represent the firm's current position.

Details of the Reduction

The fund cut its stake by 69.1%, selling 23,500 shares during the period. That left Caption Management holding 10,500 shares of the semiconductor maker, down from 34,000 shares previously. The remaining shares had a reported value of about $4.17 million.

Analog Devices Stock Performance

Shares of Analog Devices, Inc. changed hands around $397.18 on Saturday. The stock trades above its 200-day moving average of $365.58 and close to its 50-day moving average of $382.95. The company carries a market cap of $195.74 billion and a P/E ratio of 48.0 based on trailing earnings, with a forward P/E of 24.6.

Recent Earnings Results

Analog Devices posted annual revenue of $13.88 billion with a revenue growth rate of 39.6%. The company logged a net margin of 29.8% and a return on equity of 12.2%, with earnings per share sitting at $8.42. The next earnings report is expected on November 24, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B- 72/100

Reported May 20, 2026

  1. Forward outlook

    13 analysts raised price targets.

  2. EPS & revenue

    EPS beat estimates by 5.3%. Revenue beat estimates by 2.1%.

  3. Profit surprise

    EBITDA missed by 3 percent. Operating income missed by 14 percent.

  4. Pre-earnings setup

    Bar was high, analysts already very bullish.

  5. Analyst signal

    13 target raises.

  6. 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.

Dividend Payout Details

Analog Devices pays an annual dividend yielding 1.09%, backed by a dividend payout ratio of 49.6%.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock over the summer. 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. BMO Capital initiated coverage on August 21 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, while Morgan Stanley kept an overweight rating and moved its target to $458.00. Overall, the stock holds a strong buy consensus with a mean price target of $471.34 across 32 analyst opinions.

About Analog Devices, Inc.

Analog Devices, Inc. designs, manufactures, and markets integrated circuits, software, and hardware subsystems used across industrial, automotive, and consumer electronics markets globally. Headquartered in Wilmington, Massachusetts, the firm employs 24,500 people.

What to Watch at Analog Devices, Inc.

Investors will look toward the company's next earnings report in late November to gauge demand across its core semiconductor markets. Future 13F filings will also show whether other institutional managers continue to adjust their positions in the chipmaker.

Related Filing Alerts

Source: Caption Management's 13F filing on $ADI (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Caption Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts

Get $ADI trade alerts by text