BlackRock Amends ADI Stake, Maintains Significant Position
Ticker: ADI · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 6281
| Field | Detail |
|---|---|
| Company | Analog Devices Inc (ADI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
Related Tickers: ADI
TL;DR
**BlackRock still holds a big chunk of Analog Devices, signaling confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership in Analog Devices Inc. as of December 31, 2023. This amendment, the 11th for BlackRock regarding Analog Devices, indicates that BlackRock continues to hold a significant stake in the semiconductor company. This matters to investors because BlackRock, a major institutional investor, maintaining its position suggests continued confidence in Analog Devices' long-term prospects, which can influence market perception and stock stability.
Why It Matters
BlackRock's continued substantial ownership signals institutional confidence in Analog Devices, potentially reassuring current and prospective investors about the stock's stability and future outlook.
Risk Assessment
Risk Level: low — This filing indicates a major institutional investor is maintaining its position, which generally reduces perceived risk for the underlying stock.
Analyst Insight
Investors should note BlackRock's continued significant stake as a sign of institutional confidence, but this filing alone doesn't provide new bullish or bearish catalysts. It's a routine update confirming an existing position.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Analog Devices Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A amendment
- 032654105 (number) — the CUSIP number for Analog Devices Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 11)' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company whose shares are being reported?
The subject company is ANALOG DEVICES INC, as clearly stated under '(Name of Issuer) ANALOG DEVICES INC' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
How many amendments has BlackRock Inc. filed for Analog Devices Inc. on this form?
This is the 11th amendment, as indicated by '(Amendment No: 11)' on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding ANALOG DEVICES INC (ADI).