SCHEDULE: JPMorgan Chase Discloses 4.4% Stake in Analog Devices

JPMorgan Chase & Co. has reported a 4.4% beneficial ownership stake in Analog Devices, Inc. common stock as of July 31, 2025.

Summary

• JPMorgan Chase & Co. has filed an Amendment No. 1 to Schedule 13G, disclosing its beneficial ownership in Analog Devices, Inc.
• As of July 31, 2025, JPMorgan Chase & Co. beneficially owns an aggregate of 21,856,594 shares of Analog Devices, Inc. common stock.
• This represents 4.4% of the class of Analog Devices, Inc. common stock.
• JPMorgan Chase & Co. holds sole voting power over 19,228,968 shares and shared voting power over 195,959 shares.
• The firm holds sole dispositive power over 21,703,933 shares and shared dispositive power over 134,392 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of Analog Devices, Inc.
• JPMorgan Chase & Co. is classified as a parent holding company or control person for the purpose of this filing.
• Several subsidiaries are identified as having acquired the security, including J.P. Morgan Trust Company of Delaware, J.P. Morgan Securities LLC, and JPMorgan Chase Bank, National Association.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The disclosure of a significant stake by a major financial institution like JPMorgan Chase & Co. may signal institutional confidence in Analog Devices, Inc.
• The filing explicitly states that the shares are held in the ordinary course of business and not for control purposes, indicating a passive investment.

Negatives

• No specific negative information regarding Analog Devices, Inc. is disclosed in this beneficial ownership filing.

Risks

• The filing does not detail specific operational or financial risks pertaining to Analog Devices, Inc.
• The certification by JPMorgan Chase & Co. states that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, mitigating potential concerns about activist investor engagement.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Analog Devices, Inc.'s future performance or operations. It solely pertains to the beneficial ownership stake held by JPMorgan Chase & Co.

Management Comments

• I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing represents a routine disclosure of institutional ownership in the semiconductor industry. The continued holding of a significant stake by a major financial institution like JPMorgan Chase & Co. suggests ongoing institutional interest in companies like Analog Devices, Inc., which operates in the critical and growing semiconductor sector.

Comparison to Industry Standards

• This filing is a standard Schedule 13G disclosure of beneficial ownership and does not provide operational or financial results for comparison against industry benchmarks or specific comparable companies. It solely details the ownership position of JPMorgan Chase & Co. in Analog Devices, Inc.

Stakeholder Impact

• Shareholders of Analog Devices, Inc. are informed of a significant institutional holder in the company's common stock.
• The disclosure of a passive stake by JPMorgan Chase & Co. may reassure investors regarding the stability of the shareholder base, as it indicates no immediate intent to influence control.

Next Steps

• JPMorgan Chase & Co. will continue to file amendments to this Schedule 13G as required by SEC regulations if there are material changes to its beneficial ownership stake in Analog Devices, Inc.

Key Dates

Keywords

Analog Devices, ADI, JPMorgan Chase, JPM, Schedule 13G, beneficial ownership, common stock, institutional investor, semiconductor, passive investment