M&T Bank Corp Sells 332,521 Shares of Analog Devices, Inc. $ADI

M&T Bank Corp reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 78.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 88,923 shares of the semiconductor company’s stock after selling 332,521 shares during the quarter. M&T Bank Corp’s holdings in Analog Devices were worth $24,116,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ADI. Amundi lifted its holdings in Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock worth $1,507,740,000 after acquiring an additional 1,922,302 shares during the period. Raymond James Financial Inc. raised its stake in shares of Analog Devices by 29.2% in the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after buying an additional 1,091,004 shares during the period. SG Americas Securities LLC raised its stake in shares of Analog Devices by 684.6% in the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after buying an additional 752,411 shares during the period. Rafferty Asset Management LLC raised its stake in shares of Analog Devices by 47.5% in the second quarter. Rafferty Asset Management LLC now owns 1,802,338 shares of the semiconductor company’s stock valued at $428,992,000 after buying an additional 580,546 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Analog Devices by 10.1% in the third quarter. Van ECK Associates Corp now owns 5,886,294 shares of the semiconductor company’s stock valued at $1,446,262,000 after buying an additional 541,760 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Michael Sondel sold 4,199 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was 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 directly owned 14,740 shares in the company, valued at $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the transaction, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 27,324 shares of company stock worth $8,758,085. 0.36% of the stock is owned by corporate insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $381.42 on Thursday. The stock has a market cap of $186.21 billion, a PE ratio of 69.73, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. Analog Devices, Inc. has a fifty-two week low of $182.48 and a fifty-two week high of $385.46. 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 stock has a fifty day moving average of $334.83 and a 200-day moving average of $292.16.

Analog Devices (NASDAQ:ADI) last announced its quarterly 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. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 11.38 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date was Tuesday, March 3rd. Analog Devices’s dividend payout ratio (DPR) is presently 80.44%.

Analysts Set New Price Targets

Several analysts have issued reports on ADI shares. Piper Sandler boosted their target price on Analog Devices from $250.00 to $360.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Susquehanna boosted their target price on Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $405.00 target price on Analog Devices and gave the company a “buy” rating in a research note on Wednesday, February 18th. Jefferies Financial Group restated a “buy” rating and issued a $410.00 target price on shares of Analog Devices in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group boosted their target price on Analog Devices from $300.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $370.69.

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.