ADI ANALOG DEVICES INC Insider Trading

ADI SVP Martin Cotter sells 17.6K shares at $418.00 for $7.4M; retains 56.3K shares post-sale

Martin Cotter, SVP of Vertical Business Units at Analog Devices, sold 17,594 shares at $418.00 on 2026-06-02 for $7,354,292.00, reducing his non-derivative holdings from 73,925 shares to 56,331 shares. The current stock price of $437.67 sits 0.4% below the 52-week high of $435.72, and ADI has appreciated 10.2% over 30 days and 32.7% over 90 days, suggesting strong recent momentum. Cotter's prior three sales at ADI yielded mixed 90-day outcomes: 30d +15.1%, 30d +10.7%, and 30d -1.7%, with none of the three prior sales proving well-timed at the 90-day mark. The sale occurs in the context of ADI's robust fundamentals, including $3.6B quarterly revenue, net income of $1.2B, and annual revenue growth of 16.9%, though valuation reflects elevated expectations at a P/E of 64.36.

ADI CEO Vincent Roche sells ~$4M in stock while simultaneously buying, signaling mixed conviction near 52-week highs.

Vincent Roche, Analog Devices' Chair & CEO, executed a dual transaction on the same day: purchasing shares while simultaneously selling a substantially larger block at nearly four times the purchase price. The sale occurred when the stock was trading near its 52-week highs and had already climbed sharply over the preceding months, suggesting Roche may be taking profits after significant appreciation rather than expressing confidence in further upside. The simultaneous buy is notable but modest in comparison, and could reflect routine equity compensation vesting or rebalancing rather than fresh conviction. For a CEO with direct operational knowledge, this pattern—profit-taking at elevated valuations—is more cautionary than bullish, particularly given the company's stretched valuation relative to its fundamentals.