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Analog Devices (NASDAQ:ADI) CEO Sells $3,181,400.00 in Stock
Analog Devices CEO Vincent Roche sold 10,000 shares of company stock for $3.18 million on April 1st, reducing his stake by 5.62%. This follows a similar sale in February. Despite the insider selling, Analog Devices reported strong quarterly financial results, beating EPS and revenue estimates, and analysts maintain a bullish “Buy” rating with an average price target of $367.81.