Insider Trading Scandal Jolts Analog Devices Amid Significant Stock Movements

Analog Devices Inc. (ADI) saw a significant decline of 6.87%.

On August 26, 2024, Analog Devices disclosed an insider trading activity. Board member Frank Edward H. sold 500 shares on August 23, 2024.

Recent insider transactions illustrate a mix of sells and buys among company executives. For instance, on August 5, 2024, board member Vincent Roche acquired 10,000 shares at $91.13 each and then sold the same amount on the same day at $228.08 per share. Other transactions include notable sales by board members and executives over recent months, highlighting ongoing trading activity within the company.

Founded in Massachusetts in 1965, Analog Devices is a global leader in high-performance analog technology. The company plays a critical role at the intersection of the physical and digital realms by providing components that sense, measure, interpret, connect, and power various applications. ADI designs, manufactures, tests, and sells a broad range of solutions, including integrated circuits (ICs), software, and subsystems leveraging high-performance analog, mixed-signal, and digital signal processing technologies.

On August 27, 2024, Analog Devices reported a trading volume of 3,707,700 shares with a transaction value of $856 million, ranking 40th in the US stock market for the day. The trading volume increased by 49.81% from the previous day.

Shares of Analog Devices increased by 2.76% on August 27, 2024, closing at $231.84. Over the past five trading days, the stock has risen by 3.74%. For the month of August, it saw a modest gain of 0.20%, and year-to-date it has surged by 16.76%. Looking at the past 52 weeks, ADI's stock has climbed by 28.56%.

Analog Devices is known for its extensive portfolio, deep expertise, and advanced manufacturing capabilities, covering high-performance precision and high-speed mixed-signal, power management, and RF IC, digital signal processors (DSP), and other sensors.