Analog Devices CEO Sells Shares Worth 4 Billion Won... Cashing Out Stock Options

Vincent Roche, chairman and CEO of U.S. semiconductor firm Analog Devices, Inc. (NASDAQ: ADI), exercised 10,000 stock options on April 1 at $94.41 per share and immediately sold the same number at $318.14 per share, completing a transaction valued at approximately $3.18 million (about KRW 4.3 billion).

This transaction was executed under a pre-established Rule 10b5-1 trading plan. Because the option exercise and sale were paired, Roche’s direct share count remained unchanged. According to the company’s SEC filing, he now holds about 167,826 shares directly and roughly 23,515 shares indirectly through a trust established in 2024.

On the same day, non-executive directors Edward H. Frank and Mercedes Johnson each received 747 restricted stock units (RSUs) as part of their annual compensation. Those RSUs will fully vest on March 11 of next year or at the next shareholders’ meeting, whichever comes first. Neither filing reported any open-market share trades.

In its first quarter of fiscal 2026, Analog Devices reported revenue of $3.16 billion and adjusted earnings per share of $2.46, both above market expectations. The company also announced an 11% increase in its quarterly dividend, raising it to $1.10 per share.

Analysts, citing strong demand from AI data centers and industrial applications, maintain a consensus “buy” rating on Analog Devices with elevated price targets, anticipating further improvement in second-quarter results.

Headquartered in Wilmington, Massachusetts, Analog Devices designs analog and mixed-signal semiconductors and manufactures digital signal-processing chips for industrial, automotive, communications and consumer electronics markets.

Roche has led the company for many years, championing shareholder returns through dividend hikes and share repurchases, and continues to hold a substantial equity position following the recent transaction.