WILMINGTON, MA – In a recent transaction, James Champy, a director at Analog Devices Inc. (NASDAQ:ADI), sold 1,228 shares of the company's stock. The sale took place on March 21, with the shares being sold at a price of $197.64 each, totaling over $242,701.
Following the transaction, Champy still holds 6,371 shares of Analog Devices directly. Additionally, he has an indirect ownership through the James A. Champy 2012 Irrevocable Trust, which holds 38,316 shares. The sale was made public through a Form 4 filing with the Securities and Exchange Commission, with Shelly Shaw, General Counsel, signing by the power of attorney on March 22.
Analog Devices, known for its semiconductor and related devices, is a leading global high-performance analog technology company dedicated to solving the toughest engineering challenges. The company's stock performance and insider transactions are closely watched by investors for insights into the company's financial health and executive confidence.
Investors and market analysts often monitor insider sales as they can provide valuable signals about an executive's perspective on the company's current valuation and future prospects. However, it's important to note that insider transactions may be subject to various personal financial considerations and do not necessarily indicate a change in company outlook.
The disclosed transaction provides a snapshot of insider activity and holdings, which can be a useful piece of information for those following the market and Analog Devices' stock performance.
InvestingPro Insights
As Analog Devices Inc. (NASDAQ:ADI) continues to navigate the competitive semiconductor industry landscape, current metrics from InvestingPro provide a deeper look into the company's financial health and market standing. With a market capitalization of $95.96 billion, ADI is a significant player, and its stock is trading at a high earnings multiple with a P/E ratio of 34.22, reflecting investor expectations for future growth. Despite a revenue decline in the last twelve months as of Q1 2024, with a decrease of 8.03%, the company's gross profit margin remains strong at 62.47%, indicating efficient operations and cost management.
InvestingPro Tips highlight the company's consistent approach to shareholder returns, having raised its dividend for 21 consecutive years, which is a testament to its financial stability and commitment to investors. Additionally, ADI's stock generally trades with low price volatility, which might appeal to investors looking for stable investments in the tech sector. For those interested in a more comprehensive analysis, there are 13 additional InvestingPro Tips available, which can be accessed to gain further insights into Analog Devices' performance and outlook.
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