Schonfeld Strategic Advisors 13F: New $24M Stake in ADI

Schonfeld Strategic Advisors expanded its portfolio by opening a new position in Analog Devices, Inc. (NasdaqGS: ADI), acquiring 61,545 shares during the period ended May 15, 2026. According to the firm's Form 13F filing with the U.S. Securities and Exchange Commission, the stake was valued at approximately $24.4 million based on the reported cost basis. Because this filing looks backward, it reflects holdings as of that specific date and may not represent the fund's current holdings today.

Schonfeld Opens a Fresh Stake in ADI

For Schonfeld Strategic Advisors, the transaction marks a brand-new commitment to the semiconductor maker. The fund went from holding zero shares to owning 61,545 shares of the company. Regulatory filings show the total value of the new purchase came in at around $24.4 million, establishing a notable initial footprint in the tech firm.

Analog Devices Stock Performance and Trends

Shares of Analog Devices changed hands around $397.18 recently, holding ground well above the 50-day moving average of $382.95 and the 200-day moving average of $365.58. The company's stock has fluctuated within a 52-week range spanning from a low of $223.47 to a high of $445.91. With a forward P/E ratio of 24.58, the valuation sits well below its trailing P/E of 47.98 as earnings expectations adjust for the semiconductor manufacturer.

Analysts Set New Price Targets

Wall Street firms have kept a close eye on the chip designer, updating ratings and price targets through late summer. On August 20, 2026, JP Morgan maintained its Overweight rating and set a $500.00 price target. On the same day, Morgan Stanley maintained its Overweight rating with a target of $458.00, while Bernstein upgraded the stock to Outperform with a $465.00 target. Wells Fargo also maintained an Overweight rating on August 20, 2026, adjusting its target to $500.00 from $515.00, and TD Cowen reiterated a Buy rating with a $460.00 target. Shortly after, BMO Capital initiated coverage with an Outperform rating and a $430.00 target on August 21, 2026. Baird followed on August 24, 2026, maintaining an Outperform rating while raising its price target to $675.00 from $450.00. TD Cowen later reiterated its Buy rating at a $460.00 target on September 8, 2026. Across the broader analyst community, the stock holds a consensus recommendation key of strong_buy with a mean price target of $471.34.

Inside Analog Devices and Its Operations

Headquartered in Wilmington, Massachusetts, Analog Devices designs, manufactures, and markets integrated circuits, software, and subsystems. The company specializes in data conversion products that bridge real-world analog signals with digital data, alongside power management tools and radio frequency components used across automotive, industrial, and consumer markets. Founded in 1965, the firm employs roughly 24,500 people worldwide.

What to Watch at Analog Devices, Inc.

Investors tracking Schonfeld Strategic Advisors will need to wait for subsequent quarterly 13F filings to see if the fund builds upon its initial stake or adjusts its position. The company's next earnings report is currently expected around November 24, 2026. As always, 13F data provides a retrospective snapshot of institutional movement and does not serve as an active recommendation to buy or sell shares.