Analog Devices (ADI) Gained from Improved Demand and End Market Conditions
Key takeaways
- A copy of the letter is available to download here.
- In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted Analog Devices, Inc.
- Madison Large Cap Fund stated the following regarding Analog Devices, Inc.
Analog Devices (ADI) Gained from Improved Demand and End Market Conditions Soumya Eswaran Tue, June 16, 2026 at 8:36 PM GMT+7 3 min read ADI ^GSPC Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter is available to download here. The Madison Large Cap Fund (Class I) declined 2.7% in the quarter, outperforming the S&P 500 s -4.33% return. The fund focuses on long-term capital appreciation. The quarter saw a shift in the equity market beyond the mega-cap technology stocks into physical economy stocks, influenced by fears of AI disruption. Additionally, rising commodity prices due to the Middle East conflict reignited inflation concerns, benefiting sectors such as Energy, Materials, Utilities, Staples, and Real Estate, which the Fund does not invest in, impacting its relative performance. Please review the Fund’s top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Madison Large Cap Fund highlighted Analog Devices, Inc. (NASDAQ:ADI). Analog Devices, Inc. (NASDAQ:ADI) is a US-based semiconductor company that engages in the design, manufacture, testing, and marketing of integrated circuits (ICs), software, and subsystems products. On June 15, 2026, Analog Devices, Inc. (NASDAQ:ADI) closed at $427.58 per share. One-month return of Analog Devices, Inc. (NASDAQ:ADI) was 3.82%, and its shares gained 89.13% over the past 52 weeks. Analog Devices, Inc. (NASDAQ:ADI) has a market capitalization of $208.27 billion.
Madison Large Cap Fund stated the following regarding Analog Devices, Inc. (NASDAQ:ADI) in its Q1 2026 investor letter: