Top 5 Stock Picks of William Von Mueffling’s Cantillon Capital Management

4. Analog Devices, Inc. (NASDAQ:ADI)

Cantillon Capital Management’s Stake Value: $473,871,000
Percentage of Cantillon Capital Management’s 13F Portfolio: 3.95%
Number of Hedge Fund Holders: 61

Analog Devices, Inc. (NASDAQ:ADI) is a global high-performance semiconductor firm that designs, develops, manufactures, and sells integrated circuits (ICs). John Armitage’s Egerton Capital Limited is a significant stakeholder of Analog Devices, Inc. (NASDAQ:ADI), with 4.46 million shares worth over $650.84 million.

On October 3, Citi analyst Christopher Danely maintained a ‘Buy’ rating and a $195 price target on Analog Devices, Inc. (NASDAQ:ADI). According to Danely, Analog Devices, Inc. (NASDAQ:ADI) could succeed during the downturn owing to its high, consistent margins, awareness of and readiness for the slowdown, and end-market positioning.

Analog Devices, Inc. (NASDAQ:ADI) has recently experienced a decrease in hedge fund interest. The company was in 61 hedge fund portfolios at the end of the second quarter of 2022. There were 67 funds in our database with Analog Devices, Inc. (NASDAQ:ADI) positions at the end of the first quarter of 2022. Cantillon Capital Management owned more than 3.24 million shares in the firm valued at over $473.87 million, representing 3.95% of the portfolio of the hedge fund.