Vincent Roche, the Chair and CEO of Analog Devices Inc. (NASDAQ:ADI), recently sold 10,000 shares of the company’s common stock, generating proceeds of approximately $2 million. The shares were sold at an average price of $200.26 each on April 1, 2025. This transaction was executed as part of a pre-arranged 10b5-1 trading plan, which Roche adopted on March 1, 2024.
In addition to the stock sale, Roche exercised options to acquire 10,000 shares at a price of $94.41 per share. Following these transactions, Roche directly owns 107,912 shares of Analog Devices.
The transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, providing transparency into the trading activities of the company’s senior executives. The filing also noted that a portion of Roche’s shares were withheld to satisfy tax obligations related to the vesting of performance-based restricted stock units. Analysts maintain a bullish outlook on ADI, with price targets ranging from $192 to $300. For deeper insights into ADI’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Analog Devices reported earnings per share (EPS) of $1.63 for the January quarter, exceeding the consensus estimate of $1.54, despite a 4% decline in sales. The dip was attributed to weaker performance in industrials, automotive, and communications sectors, partially offset by a 19% rise in the consumer segment. Shareholders have approved key proposals, including the re-election of board members and the amendment of the company’s Articles of Organization to lower voting requirements for certain decisions. In terms of analyst activity, CFRA raised its price target for Analog Devices to $265, citing a favorable outlook and strong performance in China’s electric and autonomous vehicle markets. UBS also increased its target to $300, maintaining a Buy rating, and highlighted improvements in the industrial sector and strategic wins in aerospace and electric vehicle systems. Benchmark analysts lifted their target to $275, emphasizing the company’s positive outlook and potential for significant growth in free cash flow. Truist Securities raised their price target to $248, maintaining a Hold rating, while expressing concerns over valuation and operating expense control. Additionally, Analog Devices announced an 8% dividend increase and a $10 billion share buyback program, reinforcing its commitment to returning value to shareholders.
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