BlackRock Amends ADI Stake, Maintains Significant Position

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

From the Filing

0001086364-24-004391.txt : 20240126 0001086364-24-004391.hdr.sgml : 20240126 20240126114944 ACCESSION NUMBER: 0001086364-24-004391 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ANALOG DEVICES INC CENTRAL INDEX KEY: 0000006281 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 042348234 STATE OF INCORPORATION: MA FISCAL YEAR END: 1028 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-14552 FILM NUMBER: 24565888 BUSINESS ADDRESS: STREET 1: ONE ANALOG WAY CITY: WILMINGTON STATE: MA ZIP: 01887 BUSINESS PHONE: 7813294700 MAIL ADDRESS: STREET 1: ONE ANALOG WAY CITY: WILMINGTON STATE: MA ZIP: 01887 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0326541051_012624.txt us0326541051_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) ANALOG DEVICES INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 032654105 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 032654105 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 35303358 (6) Shared voting power 0 (7) Sole dispositive power 38733607 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 38733607 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ANALOG DEVICES INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- ONE ANALOG WAY WILMINGTON MA 01887 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: --------------------------------------------------