Analog devices director Ray Stata sells $1.17 million in shares

Director Ray Stata of Analog Devices Inc. (ADI) sold a total of 2,832 shares of the company's common stock, amounting to $1,171,631, over two days in October 2026. These sales were executed under a pre-arranged 10b5-1 trading plan and occurred between $405.569 and $421.2418 per share. Following the sale, Stata still holds 107,431 shares of ADI directly, with an additional 652,221 shares indirectly owned by his wife.

Meanwhile, Analog Devices reported strong fiscal third-quarter results, with revenue reaching $4.02 billion, marking an 11.0% increase from the previous quarter and surpassing the $4 billion mark for the first time. This positive performance has led to increased confidence among analysts, with Needham raising its price target to $450 and maintaining a Buy rating, while others have also maintained Buy ratings with price targets ranging from $425 to $460.

The company's strong performance in data centers, communications, industrial, and automotive segments has contributed to this positive outlook.

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