UniSuper Management 13F: Cuts Analog Devices (ADI) Stake by $30M
Key Points
- UniSuper Management's reduction of 74,487 shares represents a 21.9% decrease in its position, valued at approximately $10.6 million.
- UniSuper Management held 265,974 $ADI shares at quarter end, down 21.88% from the prior quarter.
- As of October 27, 2026, ADI shares traded recently at $408.05, which is about 4.3% above the closing price of $391.07 on October 23, 2026.
- The company has a market cap of about $189.5 billion and a P/E ratio of 46.4, indicating strong earnings relative to its share price.
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On October 26, 2026, UniSuper Management cut its stake in Analog Devices, Inc. (ADI) by 74,487 shares, bringing its total to 265,974 shares.
ADI
Analog Devices, Inc.
What Changed in UniSuper Management's Analog Devices Position
UniSuper Management's stake in Analog Devices decreased by 74,487 shares, or a 21.9% reduction. After this change, the fund holds 265,974 shares of ADI.
Where Analog Devices Fits in UniSuper Management's Portfolio
Analog Devices now represents 0.92% of UniSuper's total reported 13F value, which is approximately $11.5 billion. This position ranks 20th among the fund's holdings.
Other Institutional Activity in Analog Devices
Van Eck Associates Corporation increased its holdings by 1,671,073 shares, ending with 8,422,883 shares worth about $3.4 billion.
Analog Devices, Inc. Stock Up 4.3%
As of October 27, 2026, ADI shares traded around $408.05, which is 4.3% above the event close of $391.07 on October 23, 2026. The stock is currently above its 50-day and 200-day moving averages, but about 8.5% below its 52-week high of $445.91.
Recent Earnings
Analog Devices reported trailing twelve-month revenue of approximately $13.9 billion and an earnings per share (EPS) of $8.42. The next earnings report is scheduled for November 24, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
13 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA missed by 3 percent. Operating income missed by 14 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
13 target raises.
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Earnings quality
Gross margin up 6.3 points. Operating margin up 12.4 points. Positive free cash flow.
Earnings Call Summary
Analog delivered record $3.62 billion in revenue, up 37 percent year over year and beating expectations. Industrial segment led the way up 56 percent, while data center surged 90 percent. The company is investing in AI, automation, energy systems, and healthcare, and just announced the acquisition of Empower Semiconductor to fill gaps in power-delivery technology for data centers. Management said demand is strong across all markets and they have ample capacity and supply-chain resilience to keep growing.
Guidance They guided for about $3.09 billion in revenue next quarter, above consensus. They expect mid- to high-single-digit growth in industrial and automotive, with communications up low- to mid-teens. Management sees capacity to support up to $20 billion revenue by 2030 and continues building both internal and external manufacturing.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Analog Devices, Inc.
Several insiders sold shares recently. Katsufumi Nakamura, an officer, sold 1,200 shares on October 2, 2026, for about $498,029. Chief Financial Officer Richard C. Puccio Jr. sold 1,500 shares on October 6 for approximately $631,620 and another 1,500 shares on October 20 for about $584,190. Director Raymond S Stata sold 2,832 shares on October 7, valued at around $1.2 million.
Analysts Set New Price Targets
On October 19, 2026, TD Cowen maintained its 'Buy' rating on ADI with a price target of $475. Previously, Baird set an 'Outperform' rating with a target price of $675 on August 24, 2026. The consensus recommendation for ADI is a 'Strong Buy' with a mean price target of $472.44.
About Analog Devices
Analog Devices, Inc. designs and manufactures integrated circuits and subsystems used in various applications worldwide. The company is a key player in the semiconductor industry, which has seen significant growth recently, particularly in technology sectors.
Bottom Line
Investors will be watching for the next earnings report on November 24, 2026, and any further changes in UniSuper Management’s position in ADI. The recent insider sales may also provide insight into the company's future performance.
Related Filing Alerts
Source: UniSuper Management's 13F filing on $ADI (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts