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Vincent Roche, Chair and CEO of Analog Devices Inc. (NASDAQ:ADI), recently sold shares worth approximately $2.1 million, according to a filing with the Securities and Exchange Commission. The sales took place on March 11, 2025, and involved multiple transactions at prices ranging from $207.20 to $215.96 per share. The timing is notable as ADI’s stock has declined nearly 9% over the past week, according to InvestingPro data, which shows the company currently trades near its Fair Value.
The transactions resulted in Roche’s direct ownership of Analog Devices stock decreasing to 74,918 shares. Prior to these sales, Roche also disposed of 2,340 shares on March 10 to cover tax obligations related to the vesting of restricted stock units. The sales represent a small portion of ADI’s $102.5 billion market capitalization, with the company maintaining strong fundamentals and a 22-year track record of consecutive dividend increases.
Roche continues to hold additional shares indirectly through trusts, maintaining a significant stake in the company. With a solid financial health score and 19 analysts recently revising earnings estimates upward according to InvestingPro, which offers 12 additional exclusive insights about ADI’s performance and outlook in its comprehensive Pro Research Report.
In other recent news, Analog Devices reported earnings per share of $1.63 for the January quarter, exceeding the consensus estimate of $1.54. Despite a 4% decline in sales, the company saw a 19% increase in its consumer segment, partly offsetting losses in other areas. UBS raised its price target for Analog Devices to $300, maintaining a Buy rating, citing robust order strength and improved industrial sector indicators. CFRA also increased its price target to $265, highlighting positive trends in bookings across industrial and automotive markets. Benchmark analysts lifted their target to $275, expressing confidence in the company’s long-term growth model despite potential geopolitical disruptions. Meanwhile, Truist Securities raised their price target to $248 but maintained a Hold rating, reflecting cautious optimism about the company’s future performance. Morgan Stanley (NYSE:MS) increased its target to $250, maintaining an Overweight rating, and noted the company’s strong financial report amid economic uncertainties. These developments reflect a range of analyst perspectives on Analog Devices’ recent performance and future prospects.
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