Monday, January 08, 2018 10:15 PM ET
Insiders at Analog Devices (ADI) Make Significant Stock Sales Extends the Trend of Last Quarter
There was a notable level of insider selling reported today in filings with the SEC for Analog Devices. Two insiders — Gregory N Henderson, Officer, and Ray Stata, Director — sold 14,000 shares in the company for approximately $1,283,080. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 20,718 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 34,718 shares and have averaged 8,680 shares per transaction over this time period.
The number of insider buy/sell trades at Analog Devices is above that of the 77 peer company average over the last 90-day period. The Semiconductors peer group saw 171 buy/sell trades during this period for an average of 2.2 transactions per company. However, the number of shares traded per transaction by Analog Devices insiders is lower than its peers. Within the peer group there were 10,600 shares purchased and 13,880,139 shares sold with company insiders disposing of 81,108 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data used in evaluating and writing this story.
Today’s Insider Activity
* Gregory N Henderson, Officer, sold 4,000 shares
* Ray Stata, Director, sold 10,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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