Vice President and President of Global Business Units Gregory Bryant is selling shares…

On June 13, 2024, Gregory Bryant, Vice President and President, Global Business Units at Analog Devices Inc (NASDAQ:ADI), sold 17,612 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following the transaction, the insider now owns 69,241,432 shares of Analog Devices Inc.

Analog Devices Inc, a global leader in the design, manufacture and marketing of a broad portfolio of high-quality analog, mixed-signal and digital signal processing (DSP) integrated circuits (ICs) used in virtually all types of electronic equipment.

Over the last year, Gregory Bryant sold a total of 17,612 shares and made no purchases of company stock. This recent sale continues a trend seen last year at Analog Devices Inc, which saw no insider buying but 17 insider selling.

On the day of sale, Analog Devices Inc shares were valued at $233.94. The company currently has a market capitalization of approximately $114.72 billion. The price-to-earnings ratio is 54.02, which is higher than both the industry median of 33.825 and the company’s historical median.

By GF Value, the intrinsic value of the stock is estimated at $163.40, which means the current price represents a price-to-GF Value ratio of 1.43. This suggests that the company’s shares are significantly overvalued.

GF Value is calculated based on historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and free cash flow, adjusted for the company’s past performance and expected future business results as determined by Morningstar analysts.

This sale by an insider at Analog Devices Inc provides interesting data for investors, especially considering the company’s valuation metrics and recent insider trading trends.

This article, generated by GuruFocus, is intended to provide general insights and is not tailored financial advice. Our commentary is based on historical data and analyst forecasts, is based on an unbiased methodology and is not intended to serve as detailed investment guidance. It does not formulate a recommendation to purchase or sell any shares and does not take into account individual investment goals or financial situation. Our goal is to deliver long-term, fundamental, data-driven analysis. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative information. GuruFocus has no position in the stocks mentioned herein.

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