M&T Bank Corp Has $116.39 Million Stock Holdings in Analog Devices, Inc. $ADI

Key Points

• M&T Bank increased its stake in Analog Devices by 1.8% to 429,167 shares, worth about $116.39 million, and institutional investors now own roughly 86.8% of the stock.
• Wall Street is broadly bullish—multiple firms raised price targets (e.g., Benchmark to $400, Jefferies to $410, Goldman to $370) and the consensus rating is a “Moderate Buy” with an average target near $370.69.
• Analog Devices beat Q4 expectations with EPS of $2.46 versus $2.31 and revenue of $3.16 billion (up 30.4% YoY), gave Q2 EPS guidance of $2.73–$3.03, and raised its quarterly dividend to $1.10.

M&T Bank Corp lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 429,167 shares of the semiconductor company's stock after acquiring an additional 7,723 shares during the quarter. M&T Bank Corp owned approximately 0.09% of Analog Devices worth $116,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Albion Financial Group UT increased its position in Analog Devices by 41.4% during the fourth quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock worth $33,000 after buying an additional 36 shares during the last quarter. Barnes Dennig Private Wealth Management LLC increased its position in Analog Devices by 61.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock worth $35,000 after buying an additional 49 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in Analog Devices during the third quarter worth $32,000. LFA Lugano Financial Advisors SA increased its position in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock worth $33,000 after buying an additional 65 shares during the last quarter. Finally, Salomon & Ludwin LLC increased its position in Analog Devices by 104.1% during the fourth quarter. Salomon & Ludwin LLC now owns 149 shares of the semiconductor company's stock worth $41,000 after buying an additional 76 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADI has been the topic of several analyst reports. Benchmark increased their target price on shares of Analog Devices from $285.00 to $400.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. The Goldman Sachs Group increased their target price on shares of Analog Devices from $300.00 to $370.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Oppenheimer reissued an "outperform" rating and set a $400.00 target price (up from $350.00) on shares of Analog Devices in a research report on Thursday, February 19th. Robert W. Baird set a $365.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Finally, Jefferies Financial Group reissued a "buy" rating and set a $410.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $370.69.

Analog Devices Price Performance

NASDAQ ADI opened at $397.69 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. The firm has a 50-day simple moving average of $341.55 and a 200 day simple moving average of $299.32. Analog Devices, Inc. has a twelve month low of $194.26 and a twelve month high of $408.37. The stock has a market cap of $194.15 billion, a PE ratio of 72.70, a PEG ratio of 1.60 and a beta of 1.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The business had revenue of $3.16 billion during the quarter, compared to analysts' expectations of $3.10 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm's revenue was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, research analysts forecast that Analog Devices, Inc. will post 11.35 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were paid a dividend of $1.10 per share. This is a positive change from Analog Devices's previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Tuesday, March 3rd. Analog Devices's dividend payout ratio is 80.44%.

Insiders Place Their Bets

In other Analog Devices news, CAO Michael Sondel sold 4,199 shares of the firm's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the completion of the transaction, the chief accounting officer owned 14,740 shares in the company, valued at $5,321,434.80. This trade represents a 22.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $318.14, for a total transaction of $3,181,400.00. Following the transaction, the chief executive officer owned 167,826 shares of the company's stock, valued at approximately $53,392,163.64. This represents a 5.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,324 shares of company stock worth $5,688,885 over the last quarter. Company insiders own 0.36% of the company's stock.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: One-week momentum: ADI has risen sharply over the past week, attracting momentum and short-term interest that can support higher prices in the near term. Analog Devices (ADI) Is Up 7.57% in One Week: What You Should Know
• Positive Sentiment: Growth thesis reinforced: Recent write-ups list three reasons ADI qualifies as a solid growth stock (revenue/earnings strength, AI/automotive exposure, recurring analog franchise), supporting a longer-term bullish case. Is Analog Devices (ADI) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Positive Sentiment: Long-term performance spotlight: Retrospectives showing multi‑year gains if you’d held ADI help sustain retail investor interest and confidence in the company’s compounding potential. If You Invested $1000 in Analog Devices a Decade Ago, This is How Much It'd Be Worth Now
• Positive Sentiment: Product/market expansion: ADI released A²B 2.0 for next‑generation in‑vehicle audio — a tangible product win for automotive OEMs that supports ADI’s exposure to the large automotive market. Analog Devices releases A2B 2.0 for next-generation in-vehicle audio systems
• Neutral Sentiment: Analyst recommendation debate: Coverage points out that the average broker rating signals “buy,” but cautions that ABR can be overly optimistic; useful context but mixed impact on price. Is Analog Devices (ADI) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Investor caution on AI: Commentary says ADI benefits from the AI narrative but some investors are hedging, which can cap upside until visibility on AI-driven revenue is clearer. Analog Devices: The AI Narrative Is Strong, But Investors Are Hedging
• Negative Sentiment: Analyst price target below current trading: A reported average price target of $370.69 is lower than recent intraday levels, which could weigh on the stock if more analysts revise targets downward. Analog Devices, Inc. NASDAQ: ADI Receives $370.69 Average Price Target from Analysts

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.