California State Teachers Retirement System 13F: Cuts ADI Stake by $9.4M
California State Teachers Retirement System trimmed its position in Analog Devices, Inc. by over 23,000 shares.
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California State Teachers Retirement System sold 23,561 shares from its stake in Analog Devices, Inc. ($ADI), a 3.03% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 754,564 shares worth $299.70 million at the end of the quarter.
Since the filing, $ADI is up 0.3% after 1 week, down 0.7% after 1 month and down 5.0% to date (from the $416.17 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
ADI
Analog Devices, Inc.
Key Points
- California State Teachers Retirement System trimmed its stake in Analog Devices, Inc. by 23,561 shares, bringing its total to 754,564 shares valued at about $299.7 million as of May 18, 2026.
- The stock closed at $397.18 on Friday, down from the previous close of $403.57, reflecting a broader trend in the semiconductor sector.
- Analysts remain positive on Analog Devices, with a consensus rating of 'strong buy' and a mean price target of $471.34, indicating potential upside.
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CalSTRS Cuts Analog Devices Stake
On May 18, 2026, California State Teachers Retirement System trimmed its holdings in Analog Devices, Inc. (ADI) on the NasdaqGS, reducing its stake by 23,561 shares. The fund now holds 754,564 shares, valued at approximately $299.7 million. This change represents a 3.03% decrease in its position.
Institutional Activity
While California State Teachers Retirement System reduced its position in Analog Devices, there were no other funds reported in this filing. This could indicate a cautious approach among institutional investors regarding the semiconductor sector.
How Analog Devices, Inc. Stock Has Traded
Analog Devices shares traded at $397.18, down from $403.57 the previous day. The stock is currently positioned well above its 50-day moving average of $382.95. Investors may be watching how the stock performs in light of recent analyst ratings and broader market trends.
Analysts Set New Price Targets
On September 8, 2026, TD Cowen reiterated its 'Buy' rating for Analog Devices with a price target of $460. Baird maintained an 'Outperform' rating with a target increase to $675 on August 24, 2026. Several firms, including Morgan Stanley and JP Morgan, also maintained their 'Overweight' ratings, indicating strong confidence in the company's future performance.
What Analog Devices, Inc. Does
Analog Devices, Inc. designs and manufactures integrated circuits and systems that convert real-world signals into digital data. It serves various markets, including automotive and communications, which are critical as technology continues to advance.
What's Ahead for Analog Devices, Inc.
Investors should keep an eye on Analog Devices' next earnings report scheduled for November 24, 2026. The recent moves by institutional investors and favorable analyst ratings could shape market sentiment leading up to the earnings announcement. Remember, this 13F filing reflects past positions and may not represent current holdings.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $ADI (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts