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Allianz SE bought $10.14 million in Analog Devices stock, while the company’s EVP sold $2.66 million worth.
Allianz SE purchased $10.14 million worth of Analog Devices, Inc. stock, boosting its shares.
Analog Devices recently surpassed earnings estimates, reporting $1.63 per share.
The company’s EVP, Vivek Jain, sold $2.66 million worth of shares, reducing his ownership by 22.71%.
Analysts have a "Moderate Buy" consensus on Analog Devices, with targets ranging up to $300 per share.
The board also approved a $3 billion share buyback program.
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Allianz SE compró $10.14 millones en acciones de Analog Devices, mientras que el EVP de la compañía vendió $2.66 millones por valor.