On November 1, 2024, Gregory Bryant, Executive Vice President & President of Global Business Units at Analog Devices Inc (ADI, Financial), sold 20,000 shares of the company. The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 59,093.372 shares of Analog Devices Inc.
Analog Devices Inc, a global leader in the design, manufacturing, and marketing of a broad portfolio of high performance analog, mixed-signal, and digital signal processing (DSP) integrated circuits (ICs) used in virtually all types of electronic equipment, has seen significant insider selling activity over the past year. There have been 23 insider sells and no insider buys during this period.
The shares were sold at a price of $223.87, valuing the transaction at approximately $4,477,400. This sale price reflects the stock's current market cap of approximately $111.31 billion and positions the company's stock as significantly overvalued according to the GF Value of $151.18.
The company's price-earnings ratio stands at 67.32, substantially higher than the industry median of 33.68. This elevated ratio suggests a premium valuation compared to its peers.
The insider transaction trends at Analog Devices Inc indicate a consistent pattern of share disposals by insiders, which could signal their perspective on the stock's valuation. Over the past year, Gregory Bryant has sold a total of 97,612 shares and has not made any purchases.
Considering the company's valuation metrics, such as the price-to-free cash flow and price-book ratio, alongside the GF Value, investors might view the stock as significantly overvalued at its current trading price.
This insider sale could be a point of interest for potential investors and current shareholders, as it provides insight into how insiders are reacting to the stock's valuation and market position.
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.
