[SCHEDULE 13G/A] Analog Devices, Inc. SEC Filing

Rhea-AI Filing Summary

Schedule 13G/A Amendment No. 1 – Analog Devices, Inc. (ADI)

On 31 Jul 2025 JPMorgan Chase & Co. disclosed beneficial ownership of 21,856,594 common shares of ADI, representing 4.4 % of the outstanding class. The bank holds sole voting power over 19,228,968 shares and shared voting power over 195,959 shares; it retains sole dispositive power over 21,703,933 shares and shared dispositive power over 134,392 shares.

Because its stake has fallen below the 5 % reporting threshold, Item 5 is checked, indicating JPMorgan is no longer a 5 % beneficial owner. The filing states the position is held in the ordinary course of business with no intent to influence control. A subsidiary list details the multiple global asset-management entities that collectively hold the shares.

While JPMorgan remains a sizeable holder, the reduced ownership may signal portfolio re-balancing and could modestly affect investor sentiment toward ADI’s share-holder base.

Positive

• JPMorgan retains a sizeable 21.9 m-share position (4.4 %) in ADI, underscoring continued institutional confidence.

Negative

• Ownership fell below the critical 5 % threshold, implying net share sales by a major holder and a potential sentiment headwind.

Insights

Securities Analyst

TL;DR: JPMorgan trims ADI stake to 4.4 %, slipping under 5 %—a mild bearish flow signal.

The amendment confirms net selling that moved JPMorgan’s ownership below the Schedule 13D/G 5 % threshold. Although still long 21.9 m shares, the transition from >5 % to 4.4 % reduces the bank’s disclosure obligations and may lessen perceived strategic alignment with ADI. Volume is modest relative to ADI’s 495 m share count but can pressure sentiment when other institutions track large-holder moves. No change-of-control language is included, so governance risk is unchanged.

Corporate Governance Expert

TL;DR: Ownership drop below 5 % eases reporting duties; governance impact neutral.

Crossing the 5 % line shifts JPMorgan from a significant to a standard institutional holder. The filing’s certification that the shares are held in the ordinary course and not for influence limits governance concerns. Multiple asset-management subsidiaries maintain exposure, indicating diversified custody rather than an orchestrated exit. From a control perspective, no activist intentions or board engagement cues appear; hence governance implications remain minimal.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Analog Devices, Inc.

(Name of Issuer)

Common Stock $0.16 2/3 par value per share

(Title of Class of Securities)

032654105

(CUSIP Number)

07/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 032654105

1

Names of Reporting Persons

JPMORGAN CHASE & CO.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

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 19,228,968.00
6	Shared Voting Power 195,959.00
7	Sole Dispositive Power 21,703,933.00
8	Shared Dispositive Power 134,392.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

21,856,594.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.4 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Analog Devices, Inc.
(b)	Address of issuer's principal executive offices: One Analog Way Wilmington MA 01887
Item 2.
(a)	Name of person filing: JPMORGAN CHASE & CO.
(b)	Address or principal business office or, if none, residence: 383 Madison Avenue,,New York, NY 10179
(c)	Citizenship: DE
(d)	Title of class of securities: Common Stock $0.16 2/3 par value per share
(e)	CUSIP No.: 032654105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 21856594
(b)	Percent of class: 4.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19228968
	(ii) Shared power to vote or to direct the vote: 195959
	(iii) Sole power to dispose or to direct the disposition of: 21703933
	(iv) Shared power to dispose or to direct the disposition of: 134392
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. J.P. Morgan Trust Company of Delaware; J.P. Morgan Securities LLC; JPMorgan Chase Bank, National Association; JPMorgan Asset Management (UK) Limited; J.P. MORGAN SE; J.P. Morgan (Suisse) SA; JPMorgan Asset Management Holdings Inc.; J.P. Morgan Investment Management Inc.; J.P. Morgan Mansart Management Limited; JPMorgan Asset Management (Taiwan) Limited; JPMorgan Asset Management (China) Company Limited; 55I, LLC
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. Not Applicable
Item 9.	Notice of Dissolution of Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Not Applicable

Item 10.

Certifications:

By signing below 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 ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

JPMORGAN CHASE & CO.

Signature:	Rachel Tsvaygoft
Name/Title:	Vice President
Date:	08/05/2025

FAQ

How many Analog Devices (ADI) shares does JPMorgan now own?

JPMorgan reports beneficial ownership of 21,856,594 shares.

What percentage of ADI’s outstanding stock does this represent?

The position equals 4.4 % of the common shares.

Why did JPMorgan file a Schedule 13G/A amendment for ADI?

Its ownership dropped below the 5 % reporting threshold, requiring an updated filing under SEC rules.

Does JPMorgan intend to influence control of Analog Devices?

The certification states the shares are held in the ordinary course of business with no control intent.

What are JPMorgan’s voting and dispositive powers over ADI shares?

Sole voting: 19,228,968; shared voting: 195,959; sole dispositive: 21,703,933; shared dispositive: 134,392.

When is the event date associated with the filing?

The relevant event date is 31 July 2025.