Institutional investors and insiders sell Analog Devices stock as it reports earnings above estimates.
Institutional investors have been actively trading Analog Devices (ADI) stock, with Sterling Investment Counsel selling shares and Lebenthal Global Advisors increasing its stake. Notable insiders, including CEO Vincent Roche and EVP Gregory M. Bryant, have also sold shares recently. Analysts have updated their ratings, with TD Cowen and Piper Sandler adjusting their price targets. Analog Devices reported earnings of $1.67 per share, exceeding estimates. The company has a market cap of $106.88 billion and a PE ratio of 65.48.
2 months ago
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