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Ray Stata, a director at Analog Devices Inc. (NASDAQ:ADI), has sold a significant portion of his holdings in the company. According to a recent SEC filing, Stata disposed of shares worth approximately $1.1 million over two days, April 15 and 16, 2025. The sales involved multiple transactions, with prices ranging from $171.08 to $181.59 per share. The transactions come as the stock, currently trading near $176, has declined about 22% over the past six months. InvestingPro analysis indicates the company is currently trading at premium valuation multiples, with additional insights available in the comprehensive Pro Research Report.
On April 15, Stata sold 3,125 shares in three separate transactions. The first batch of 1,274 shares was sold at a weighted average price of $179.21. The second sale comprised 921 shares at an average price of $180.18, and the third involved 930 shares at $181.59.
The following day, April 16, Stata continued his selling spree, disposing of an additional 2,125 shares across five transactions. The sales prices on this day varied, with the first transaction of 363 shares fetching $171.08 per share, and subsequent sales reaching up to $177.03 per share.
Following these transactions, Stata’s direct ownership in Analog Devices stands at 183,196 shares. Additionally, Stata indirectly owns 652,221 shares through his spouse. These transactions were conducted under a pre-established 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for buying or selling stock to avoid allegations of insider trading. For deeper insights into ADI’s valuation metrics and 12+ additional exclusive ProTips, visit InvestingPro.
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. This decline was attributed to weaker performance in the industrials, automotive, and communications segments, while the consumer segment saw a 19% increase. Analysts from CFRA and UBS have adjusted their price targets for Analog Devices, with CFRA raising it to $265 and UBS to $300, both maintaining a Buy rating. Stifel analysts also raised their price target to $275, highlighting the company’s strategic acquisition of Maxim Integrated (NASDAQ:MXIM) and its robust position in the semiconductor industry. Furthermore, Analog Devices shareholders approved significant proposals at their annual meeting, including the re-election of board members and an amendment to lower voting requirements for certain decisions. The company is also navigating challenges related to China’s tariff developments, which may affect its U.S.-based fabrication plants. Despite these challenges, the company announced an 8% dividend increase and a $10 billion share buyback program, signaling strong financial health. These developments underscore the company’s strategic focus on long-term growth and shareholder value.
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