--- title: "Analog Semi 13Fs: Texas Instruments, Analog Devices, NXP, ON" type: learn slug: semiconductor-analog-13f-txn-adi-decoder canonical_url: https://13finsight.com/learn/semiconductor-analog-13f-txn-adi-decoder published_at: 2026-05-16T16:05:11.589Z updated_at: 2026-05-16T16:05:16.014Z author: Sarah Mitchell author_title: Education Editor author_url: https://13finsight.com/authors/sarah-mitchell word_count: 705 locale: en source: 13F Insight --- # Analog Semi 13Fs: Texas Instruments, Analog Devices, NXP, ON > Texas Instruments, Analog Devices, NXP Semiconductors, ON Semiconductor, plus Microchip Technology and Allegro MicroSystems anchor US-traded analog semiconductor 13F positioning. Multi-year emerging automotive plus industrial cycle, China dynamics, plus emerging emerging AI power semi growth drive distinctive institutional patterns. US-traded analog semiconductor equities form a distinctive semiconductor corner of institutional 13F positioning. Texas Instruments (TXN), Analog Devices (ADI), NXP Semiconductors (NXPI), ON Semiconductor (ON), Microchip Technology (MCHP), plus Allegro MicroSystems (ALGM) anchor the cohort. Multi-year emerging automotive plus industrial cycle, China dynamics, plus emerging emerging AI power semiconductor growth drive distinctive institutional positioning. Reading analog semi 13F positioning requires understanding the cycle framework plus the multi-year end-market dynamics.The analog semiconductor business modelAnalog semiconductor companies operate four primary economic engines:Automotive-industrial cycle. Multi-year emerging automotive plus industrial cycle drives operator economics. Multi-year emerging post-2022 automotive plus industrial inventory destocking plus emerging emerging 2024-2025 cycle trough plus emerging emerging emerging emerging recovery drives multi-year emerging analog semi revenue. Multi-year emerging emerging automotive semi content per vehicle plus emerging emerging emerging EV plus emerging emerging emerging emerging ADAS plus emerging emerging emerging emerging emerging emerging hybrid drive multi-year emerging emerging long-term tailwind.China dynamics. Multi-year emerging China dynamics drives operator positioning. Multi-year emerging Chinese analog semi capacity additions (SMIC, Hua Hong, plus emerging emerging emerging emerging emerging emerging emerging emerging Chinese fabless companies) plus emerging emerging Chinese domestic substitution plus emerging emerging emerging emerging US export controls drive multi-year emerging emerging analog semi competitive dynamics. Multi-year emerging emerging China revenue mix 20-40% range at major operators drives multi-year emerging emerging operator exposure.AI power semi growth. Multi-year emerging AI power semiconductor growth drives multi-year emerging operator differentiation. Multi-year emerging AI data center power management plus emerging emerging emerging silicon carbide (SiC) plus emerging emerging emerging gallium nitride (GaN) plus emerging emerging emerging emerging emerging emerging power conversion plus emerging emerging emerging emerging high-voltage drive multi-year emerging emerging AI-driven analog semi revenue. Multi-year emerging emerging Texas Instruments plus emerging emerging Analog Devices plus emerging emerging ON Semi SiC plus GaN positioning.Capacity expansion emerging. Multi-year emerging capacity expansion drives multi-year emerging operator long-term positioning. Multi-year emerging Texas Instruments 300mm internal manufacturing buildout (Sherman Texas plus Lehi Utah plus emerging emerging emerging emerging) plus emerging emerging Analog Devices Hillview Oregon plus emerging emerging ON Semi East Fishkill (acquired from GlobalFoundries 2022) plus emerging emerging Microchip Colorado Springs drive multi-year emerging emerging US capacity additions.Major analog semiconductor namesTexas Instruments (TXN)Largest US analog semi plus emerging emerging diversified analog plus embedded plus emerging emerging 300mm internal manufacturing leadership plus emerging emerging Sherman Texas plus Lehi Utah plus emerging emerging emerging emerging Richardson Texas fab buildout. Multi-year emerging Haviv Ilan CEO leadership.Analog Devices (ADI)Diversified analog plus emerging emerging Maxim Integrated acquisition (closed August 2021 at $21B) plus emerging emerging emerging high-performance analog plus emerging emerging mixed-signal plus emerging emerging Hillview Oregon plus Camas Washington plus Limerick Ireland manufacturing. Multi-year emerging Vincent Roche CEO leadership transition (October 2024) to Vincent Roche emerging Chairman plus emerging emerging emerging Saadia Asad emerging CEO.NXP Semiconductors (NXPI)Diversified automotive plus industrial plus IoT plus emerging emerging communications plus emerging emerging Mobile Wallet/Apple Pay NFC plus emerging emerging emerging emerging operational scaling plus emerging emerging Kurt Sievers CEO leadership.ON Semiconductor (ON)Diversified automotive plus industrial plus emerging emerging silicon carbide (SiC) leadership plus emerging emerging GaN plus emerging emerging power management plus emerging emerging East Fishkill (acquired from GlobalFoundries 2022) plus emerging emerging Hassane El-Khoury CEO leadership.Microchip Technology (MCHP)Diversified microcontroller plus emerging emerging analog plus emerging emerging memory plus emerging emerging Microsemi acquisition (2018) plus emerging emerging operational scaling plus emerging emerging Ganesh Moorthy CEO leadership.Allegro MicroSystems (ALGM)Pure-play magnetic sensor plus emerging emerging emerging emerging emerging automotive plus industrial plus emerging emerging power semi plus emerging emerging emerging emerging Crocus Technology emerging acquisition emerging.How institutional managers position around analog semiThree patterns appear across smart-money 13Fs:Pattern 1: Quality-compounder concentrationTXN, ADI-concentrated growth manager positions reflect quality analog semi compounding thesis.Pattern 2: SiC-positioningON-concentrated growth manager positions reflect silicon carbide power semi thesis.Pattern 3: Automotive-positioningNXPI-concentrated active manager positions reflect automotive semi thesis.How to read analog semi 13F positioningThree rules apply:Rule 1: Identify end-market exposureAutomotive vs industrial vs consumer have distinct dynamics.Rule 2: Watch cycle trajectoryMulti-year cycle drives operator revenue.Rule 3: Cross-check capacity dynamicsMulti-year capacity drives long-term positioning.What analog semi positioning signalsQuality-compounder conviction. Concentrated TXN, ADI positions signal quality analog thesis.SiC conviction. Concentrated ON positions signal silicon carbide thesis.Automotive conviction. Concentrated NXPI positions signal automotive semi thesis.For real-time tracking of analog semi 13F activity, see the institutional signals feed. ## FAQ ### What are the major US analog semiconductor companies? Six major US-traded analog semi: (1) Texas Instruments (TXN) — largest US analog; (2) Analog Devices (ADI) — high-performance analog plus Maxim; (3) NXP Semiconductors (NXPI) — automotive plus industrial plus IoT; (4) ON Semiconductor (ON) — automotive plus SiC leadership; (5) Microchip Technology (MCHP) — microcontroller plus analog; (6) Allegro MicroSystems (ALGM) — magnetic sensor. ### How does the automotive-industrial cycle work? Multi-year automotive plus industrial cycle drives analog semi revenue. Post-2022 automotive plus industrial inventory destocking plus 2024-2025 cycle trough plus emerging recovery drives multi-year revenue. Multi-year automotive semi content per vehicle grew from $400 (2015) to $1,200+ (2024) plus emerging EV ($2,000+) plus ADAS plus hybrid drive multi-year long-term tailwind. Reading inventory plus demand cycle drives positioning. ### How does China affect analog semi? China dynamics drives operator positioning. Chinese analog semi capacity additions (SMIC, Hua Hong, plus Chinese fabless companies) plus Chinese domestic substitution plus US export controls drive competitive dynamics. China revenue mix 20-40% range at major operators (NXP 33%, ON 26%, TXN 19%) drives operator exposure. Multi-year emerging China local-for-local (mature node analog produced in China for Chinese OEMs) drives positioning. ### How does AI power semi growth work? AI power semiconductor growth drives operator differentiation. AI data center power management plus silicon carbide (SiC) plus gallium nitride (GaN) plus power conversion plus high-voltage drive AI-driven analog semi revenue. Multi-year Texas Instruments plus Analog Devices plus ON Semi SiC plus GaN positioning drives multi-year emerging AI power tailwind. Multi-year emerging hyperscaler 48V DC power architecture plus emerging emerging power supply unit (PSU) demand. ### What is Texas Instruments 300mm strategy? Texas Instruments operates multi-year 300mm internal manufacturing buildout (vs industry standard outsourcing). 300mm wafer manufacturing provides 40% lower unit cost vs 200mm. Sherman Texas (RFAB2 operational, plus RFAB3 ramping) plus Lehi Utah (LFAB operational) plus Richardson Texas (RFAB1 operational) drive US capacity additions. Multi-year emerging multi-year 300mm capacity additions support analog semi unit economics. ### What signals analog semi cycle inflections? Four signals: (1) automotive plus industrial inventory cycle plus emerging book-to-bill; (2) China revenue plus emerging local-for-local dynamics; (3) AI power semi adoption plus emerging emerging SiC plus GaN dynamics; (4) capacity expansion plus emerging emerging 300mm dynamics. Concentrated 13F changes around these signals reveal manager cycle reading. --- Source: 13F Insight — https://13finsight.com/learn/semiconductor-analog-13f-txn-adi-decoder Author: Sarah Mitchell — https://13finsight.com/authors/sarah-mitchell Last updated: 2026-05-16T16:05:16.014Z