D1 Capital Partners L.P. 13F: New $116M Stake in ADI
The investment firm initiated a $116.15 million stake in the semiconductor manufacturer, showing confidence in the chipmaker.
Reviewed by automated data checks against the source filing. How we make and check alerts
D1 Capital Partners L.P. opened a new position of 292,444 shares in Analog Devices, Inc. ($ADI), according to a 13F filing with the SEC dated May 15, 2026. It reported 292,444 shares worth $116.15 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: D1 Capital Partners L.P. 13F filings on SEC EDGAR
ADI
Analog Devices, Inc.
Key Points
- D1 Capital Partners L.P. purchased 292,444 shares of Analog Devices, Inc. (NASDAQ: ADI), a brand-new position valued at $116.15 million.
- Analog Devices reported strong fundamentals, including 39.6% revenue growth to $13.88 billion and a healthy 29.79% net margin.
- Wall Street analysts maintain a strong buy consensus on the stock, with Baird lifting its price target to $675.00.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Analog Devices, Inc. alert may contain errors. Disclosures
D1 Capital Partners L.P. initiated a brand-new position in Analog Devices, Inc. (NASDAQ: ADI), purchasing 292,444 shares, according to its latest 13F filing with the Securities and Exchange Commission. The newly acquired stake is valued at approximately $116.15 million, reflecting a major commitment to the Massachusetts-based semiconductor giant.
D1 Capital's New Conviction in Analog Devices
This fresh position shows significant conviction from Dan Sundheim's D1 Capital Partners. The firm bought the 292,444 shares at an average cost basis of $319.33 per share. Since this is a brand-new holding, there is no prior percentage change to report. The purchase represents a meaningful addition of technology exposure to the fund's portfolio, coming during the same period the firm trimmed positions in other tech names like Spotify.
Analog Devices Stock Performance
On Saturday, shares of Analog Devices were priced at $397.18. The stock has been trading comfortably above its 200-day moving average of $365.58 and its 50-day moving average of $382.94. Over the last year, the chipmaker has traded between a low of $223.47 and a high of $445.91. With a price-to-earnings (P/E) ratio of 47.98 and a forward P/E of 24.58, the stock trades at a premium that reflects its strong market positioning.
Recent Earnings and Financial Health
Analog Devices has delivered strong operational results, reporting annual revenue of $13.88 billion. That represents a 39.6% revenue growth rate. The company is highly profitable, posting a net margin of 29.79% and a return on equity of 12.23%. Earnings per share came in at $8.42. Investors can look forward to the next quarterly earnings update, which is scheduled for November 24, 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.
Dividend Yield
Analog Devices continues to return cash to shareholders through its regular dividend. The stock currently offers an annual dividend yield of 1.09%. The company maintains a sustainable payout ratio of 49.64%, which leaves plenty of cash flow for reinvestment and research.
Analysts Set New Price Targets
Wall Street remains overwhelmingly positive on the semiconductor maker, carrying a consensus recommendation of strong buy. On September 8, 2026, TD Cowen reiterated its Buy rating with a $460.00 price target. Shortly before that, on August 24, 2026, Baird maintained its Outperform rating and dramatically raised its target from $450.00 to $675.00. JP Morgan also maintained an Overweight rating on August 20, 2026, setting a target of $500.00. Across 32 analyst opinions, the average price target stands at $471.34.
About Analog Devices
Analog Devices designs and builds integrated circuits that convert real-world analog signals—such as temperature, sound, light, and motion—into digital data. Its processors and power management chips are crucial to the automotive, aerospace, industrial, and consumer electronics sectors. This wide-ranging reach makes it a core bellwether for the broader semiconductor industry.
What's Ahead for Analog Devices, Inc.
Investors will want to watch the company's next earnings report on November 24, 2026, to see if the firm's growth momentum continues. As a reminder, 13F filings are backward-looking documents that show what a fund held at the end of the prior quarter, meaning D1 Capital's current holdings may have changed since the reporting period.
Related Filing Alerts
Source: D1 Capital Partners L.P.'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: D1 Capital Partners L.P. 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts