Analog Devices Inc (ADI, Financial), a leading semiconductor company, recently witnessed a significant insider transaction. Gregory Bryant, EVP & President of Global Business Units, sold 30,000 shares of the company on October 1, 2024. The transaction was filed with the SEC and post-sale, the insider now owns 79,093.372 shares of Analog Devices Inc.
Analog Devices Inc specializes in data conversion, signal processing, and power management technology. The company designs and manufactures semiconductor products and solutions used in a wide range of applications, from automated test equipment to medical devices.
Over the past year, Gregory Bryant has sold a total of 77,612 shares and has not purchased any shares. This recent sale is part of a broader trend within the company, where there have been 22 insider sells and no insider buys over the past year.
Shares of Analog Devices Inc were trading at $228.93 on the day of the sale. The company has a market cap of approximately $113.07 billion. The price-earnings ratio of the stock is 68.39, which is above both the industry median of 31.89 and the company's historical median.
The GF Value of the stock is $152.49, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.5.
This insider sale could be of interest to investors monitoring insider behaviors, especially in the context of the company's valuation metrics and stock performance. The transaction details and the insider's remaining stake in the company are crucial data points for stakeholders following market trends and company dynamics.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
