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StocksMedium•13 February 2026•

1 min read

Wedbush Securities Increases Medtronic Stake by 28.3% Amid Strong Q3 Performance

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Wedbush Securities Inc. significantly increased its holdings in medical technology giant Medtronic PLC (NYSE:MDT) during the third quarter. The firm boosted its stake by 28.3%, bringing its total ownership to 45,798 shares, valued at approximately $4.36 million. This increased investment coincides with Medtronic's robust financial performance, as the company surpassed Q3 earnings estimates. Medtronic reported an impressive $1.36 earnings per share and $8.96 billion in revenue, exceeding analyst expectations. Wedbush's move likely signals strong confidence in Medtronic's financial health and future outlook, reinforced by positive guidance and a "Moderate Buy" consensus rating, suggesting a bullish sentiment for the stock.