Auto-Owners Insurance 13F: Exits Analog Devices (ADI) Stake

Auto-Owners Insurance has fully exited its investment in Analog Devices, Inc. (NasdaqGS: ADI), according to a Form 13F filing with the Securities and Exchange Commission on October 15, 2026. Because 13F reports look backward at a prior quarter, this filing outlines portfolio moves made earlier and may not reflect the fund's exact current stance today.

Inside Auto-Owners Insurance's Analog Devices Trade

Auto-Owners Insurance sold out its entire stake, getting rid of all 1,275 shares it held previously. The complete sale wiped out a position that was valued prior to the exit. Since 13F filings only reveal snapshot data from the end of the reporting period, the exact timing of individual trades within the quarter remains private.

Other Institutional Activity in Analog Devices

Other large money managers were active with the chipmaker around the same reporting window. Blackrock Inc. grew its holdings by 3,746,454 shares, ending with 46,858,696 shares worth about $18,529,802,860 after an 8.7% increase. Vanguard Capital Management LLC lifted its stake by 111,088 shares, finishing with 31,850,408 shares valued at roughly $12,594,925,417 for a 0.3% boost. State Street Corporation added 601,844 shares to hold 23,660,999 shares worth around $9,356,505,502, marking a 2.6% increase. Invesco Ltd. raised its stake by 201,754 shares to reach 17,014,597 shares valued at about $6,728,252,79, up 1.2%. Meanwhile, JPMORGAN CHASE & CO cut back by 3,841,640 shares, leaving it with 16,890,363 shares worth roughly $6,679,125,185 after an 18.5% drop.

Analog Devices, Inc. Stock Down 1.2%

Analog Devices recently traded near $398.80. That puts the shares roughly 4.1% above their 50-day moving average of $382.95 and about 9.1% higher than their 200-day moving average of $365.58. The stock sits 10.6% below its 52-week high of $445.91 and well above its 52-week low of $223.47.

Recent Earnings

For the trailing twelve months, the company brought in $13.88 billion in revenue alongside basic earnings of $8.42 per share. Profitability remains solid, featuring a net profit margin of 29.8% and a return on equity of 12.2%. The firm's next financial update is slated for November 24, 2026.

Dividend

Analog Devices rewards shareholders with an annual dividend yield of 1.09%, supported by a payout ratio of 49.6%.

Insider Buying and Selling at Analog Devices, Inc.

Company insiders were active sellers leading up to the filing. Officer Katsufumi Nakamura sold 1,200 shares on October 2, 2026, at an average price of $415.02 for a total of $498,029. Chief Operating Officer Vivek Jain sold 2,000 shares on October 2, 2026, at an average price of $416.98 totaling $833,962. Chief Financial Officer Richard C. Puccio Jr. sold 1,500 shares on October 6, 2026, at an average price of $421.08 worth $631,620. Director Raymond S Stata disposed of 2,832 shares on October 7, 2026, valued at $1,171,631.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On August 20, 2026, JP Morgan maintained its Overweight rating and raised its price target to $500.00 from $450.00. Morgan Stanley kept an Overweight rating on August 20, 2026, lifting its target to $458.00 from $428.00. BMO Capital initiated coverage on August 21, 2026, with an Outperform rating and a $430.00 target. Baird maintained an Outperform rating on August 24, 2026, pushing its target up to $675.00 from $450.00. TD Cowen reiterated a Buy rating with a $460.00 target on September 8, 2026. Across the wider analyst community, the stock holds a consensus strong buy recommendation with a mean target price of $471.34.

About Analog Devices

Based in Wilmington, Massachusetts, Analog Devices designs and manufactures specialized integrated circuits, software, and electronic subsystems used across industrial, automotive, and consumer tech sectors globally. Institutional portfolio shifts like this one offer a look at how major investors rotate capital within the semiconductor space.

Bottom Line

Investors will want to watch the company's upcoming earnings release on November 24, 2026, to gauge ongoing demand for its semiconductor products. Keep in mind that 13F reports are historical snapshots and may not represent where Auto-Owners Insurance stands on the stock today. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.