Analog Devices CAO sells over $1.14M worth of shares Via Investing.com

Michael Sondel, CAO (Chief Accountant) of the company Analog devices Inc (NASDAQ:), recently sold a total of 4,830 shares of the company’s stock with a transaction value of over $1.14 Million. According to a Form 4 filing with the Securities and Exchange Commission, the sale, which occurred on May 24, 2024, was made at prices ranging from $236,455 to $236,661 per share.

As a result of the transaction, Sondel’s direct ownership of Analog Devices shares decreased after the sale to 10,546.7 shares. The reported sales prices reflect the weighted average sales price of the transaction, as indicated in the footnotes of the report. The document also shows that the shares were sold in several transactions on the same day.

In addition to the sale, the report showed that Sondel also purchased shares by exercising options. However, the purchased shares were not reflected in the total transaction value of sales as they were shown with a transaction price of USD 0.0. It should be noted that the options exercised were fully vested, as evidenced by the footnotes in the SEC filing.

Analog Devices Inc. Investors and Followers may find this information important when tracking the trading activities of company insiders. Recent transactions provide insight into the stock trading of one of the company’s key managers.

InvestingPro Insights

Analog Devices Inc (NASDAQ:ADI) has demonstrated remarkable consistency in its dividend policy, which is an important indicator of a company’s financial health and commitment to shareholder value. According to InvestingPro Tips, ADI has raised its dividend for 21 years in a row, demonstrating a stable and investor-friendly approach. Moreover, the company’s trailing twelve-month dividend growth as of Q2 2024 was 6.98%, further strengthening its reputation as a reliable dividend payer. This is especially noteworthy for investors looking for a steady source of income in the form of dividends.

In terms of valuation, ADI’s current P/E is 53.9, which suggests the stock is trading at a high earnings multiple. This may indicate investor confidence in the company’s future earnings potential or be a reflection of the market’s premium valuation. The company’s price is also close to its 52-week high at 96.51% of that value, coinciding with its strong return over the past month of 7.33% and an impressive year-over-year total return of 34.23%. These InvestingPro Data metrics point to strong performance in the stock’s recent history.

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