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First Citizens Bank & Trust 13F: Cuts ADI Stake by $6M

The bank reduced its stake in Analog Devices by 29%, reflecting a significant portfolio adjustment.

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

First Citizens Bank & Trust sold 15,214 shares from its stake in Analog Devices, Inc. ($ADI), a 29.01% decrease, according to a 13F filing with the SEC dated October 14, 2026. It reported 37,224 shares worth $14.77 million at the end of the quarter.

Since the filing, $ADI is down 2.0% to date (from the $403.57 close on Oct 14, 2026).

Find the original: First Citizens Bank & Trust 13F filings on SEC EDGAR

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

Key Points

  • First Citizens Bank & Trust reduced its stake in Analog Devices, Inc. by 29%, selling 15,214 shares, leaving it with 37,224 shares.
  • Analog Devices, Inc. has a market cap of $195.7 billion and trades with a P/E ratio of 48.
  • The company offers a 1.09% dividend yield, with a strong buy consensus among analysts.

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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

First Citizens Bank & Trust has decided to cut back on its investment in Analog Devices, Inc. (NasdaqGS: ADI). As of its latest filing with the SEC on October 14, 2026, the bank sold 15,214 shares, reducing its holdings by 29% to 37,224 shares. The remaining stake is valued at approximately $14.77 million.

13F track record

First Citizens Bank & Trust vs. the S&P 500

YTD return +4.17% hypothetical
All-time return +4.17% S&P 500 +4.11%
vs. S&P 500 +0.06% ahead of the index

Hypothetical returns from First Citizens Bank & Trust's disclosed trades, not real profit or advice. How we model this.

What Changed in First Citizens Bank & Trust's Analog Devices Position

First Citizens Bank & Trust trimmed its stake in Analog Devices by 29%, selling 15,214 shares. This reduction brings its total holdings to 37,224 shares, valued at about $14.77 million. Prior to this move, the bank held 52,438 shares.

Analog Devices, Inc. Stock Down 1.2%

Shares of Analog Devices, Inc. traded near $403.57 on Friday. The company boasts a market capitalization of approximately $195.7 billion and has a P/E ratio of 48. Its forward P/E stands at 24.6, and it has a beta of 1.231, indicating a higher volatility compared to the market. The stock's 52-week range is between $223.47 and $445.91, with a 50-day moving average of $382.95 and a 200-day moving average of $365.58. The company maintains a current ratio of 1.25 and a quick ratio of 0.834, with a debt-to-equity ratio of 27.314.

Recent Earnings

Analog Devices reported a revenue of approximately $13.88 billion, with a growth rate of 39.6%. The company achieved a net margin of 29.8% and a return on equity of 12.2%. Its earnings per share (EPS) stood 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

Analog Devices offers an annual dividend yield of 1.09%, with a payout ratio of 49.64%. This provides a steady income stream for investors.

About Analog Devices, Inc.

Analog Devices, Inc. designs, manufactures, and markets integrated circuits, software, and subsystems. Based in Wilmington, Massachusetts, the company serves various sectors including industrial, automotive, consumer, and communications. It is led by CEO Mr. Vincent T. Roche and employs around 24,500 people globally. The company is known for its data converter products, power management solutions, amplifiers, and RF and microwave ICs.

Bottom Line

First Citizens Bank & Trust's decision to reduce its holdings in Analog Devices, Inc. reflects a strategic portfolio adjustment. While the 13F filing provides a snapshot as of the reporting period, it doesn't necessarily represent the bank's current position. Investors and analysts continue to monitor Analog Devices for its market performance and growth potential.

Related Filing Alerts

Source: First Citizens Bank & Trust's 13F filing on $ADI (Oct 14, 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: First Citizens Bank & Trust 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts

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