ADI - Strategic Sale: JAMES CHAMPY Decides To Exercise Options Worth $1.33M At Analog Devices | Benzinga
Disclosed in a recent SEC filing on May 29, CHAMPY, Director at Analog Devices (NASDAQ:ADI), made a noteworthy transaction involving the exercise of company stock options.
What Happened: The latest Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission uncovered CHAMPY, Director at Analog Devices, exercising stock options for 7,640 shares of ADI. The total transaction was valued at $1,331,040.
The Thursday morning market activity shows Analog Devices shares up by 0.44%, trading at $229.15. This implies a total value of $1,331,040 for CHAMPY's 7,640 shares.
Discovering Analog Devices: A Closer Look
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.
Analog Devices: Delving into Financials
Negative Revenue Trend: Examining Analog Devices's financials over 3 months reveals challenges. As of 30 April, 2024, the company experienced a decline of approximately -33.83% in revenue growth, reflecting a decrease ...