Analog Devices Slides Ahead of Earnings as Chip Stocks Weaken

Analog Devices (ADI) is down 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a mix of broad weakness in AI and semiconductor shares and investor caution ahead of Analog Devices’ fiscal third-quarter earnings release scheduled for August 19, 2026. There does not appear to be a fresh company-specific negative announcement, so this could be because traders are trimming exposure before results in a risk-off tape.

Details:

Analog Devices has said it plans to release fiscal third-quarter 2026 results before the market opens on Wednesday, August 19, 2026, which can raise volatility as investors reset positions ahead of the report.

In its last quarterly update, the company posted record fiscal second-quarter 2026 results and guided for about $3.9 billion in third-quarter revenue at the midpoint, with adjusted EPS of about $3.30.

That same release highlighted risks tied to tariffs, trade restrictions, export rules, and demand conditions, all of which remain relevant for semiconductor valuations.

Broader market trading on August 18 has also pressured AI-linked and chip names as higher Treasury yields and worries about rich technology valuations weighed on the sector.

Sources:

Analog Devices Investor Relations, SEC, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ADI Insider Trading Activity

$ADI insiders have traded $ADI stock on the open market 81 times in the past 6 months. Of those trades, 0 have been purchases and 81 have been sales.

Here’s a breakdown of recent trading of $ADI stock by insiders over the last 6 months:

VINCENT ROCHE (Chair & CEO) has made 0 purchases and 10 sales selling 120,000 shares for an estimated $46,588,905.
RAY STATA has made 0 purchases and 68 sales selling 14,556 shares for an estimated $5,124,759.
MICHAEL SONDEL (CAO (principal acct. officer)) sold 4,198 shares for an estimated $1,515,925
KAREN GOLZ has made 0 purchases and 2 sales selling 2,000 shares for an estimated $801,780.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ADI Hedge Fund Activity

We have seen 1,162 institutional investors add shares of $ADI stock to their portfolio, and 1,009 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 16,890,363 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,708,345,472
INVESCO LTD. added 10,448,151 shares (+159.1%) to their portfolio in Q2 2026, for an estimated $4,149,692,132
BLACKROCK, INC. added 3,745,779 shares (+8.7%) to their portfolio in Q2 2026, for an estimated $1,487,711,045
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 2,980,399 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,183,725,070
CANTILLON CAPITAL MANAGEMENT LLC removed 1,823,477 shares (-95.4%) from their portfolio in Q2 2026, for an estimated $724,230,360
AMERICAN CENTURY COMPANIES INC removed 1,761,690 shares (-55.6%) from their portfolio in Q2 2026, for an estimated $699,690,417
VAN ECK ASSOCIATES CORP added 1,670,957 shares (+24.7%) to their portfolio in Q2 2026, for an estimated $663,653,991

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ADI Congressional Stock Trading

Members of Congress have traded $ADI stock 9 times in the past 6 months. Of those trades, 2 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $ADI stock by members of Congress over the last 6 months:

REPRESENTATIVE RICHARD MCCORMICK has traded it 5 times. They made 0 purchases and 5 sales worth up to $75,000 on 07/30, 06/12, 03/19.
REPRESENTATIVE THOMAS H. KEAN, JR. has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 06/30, 04/29.
REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 05/19.
SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ADI Analyst Ratings

Wall Street analysts have issued reports on $ADI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Needham issued a "Buy" rating on 05/21/2026

To track analyst ratings and price targets for $ADI, check out Quiver Quantitative's $ADI forecast page.

$ADI Price Targets

Multiple analysts have issued price targets for $ADI recently. We have seen 16 analysts offer price targets for $ADI in the last 6 months, with a median target of $460.0.

Here are some recent targets:

C.J. Muse from Cantor Fitzgerald set a target price of $550.0 on 06/29/2026
Tore Svanberg from Stifel set a target price of $498.0 on 06/24/2026
Harlan Sur from JP Morgan set a target price of $450.0 on 05/26/2026
John Vinh from Keybanc set a target price of $500.0 on 05/21/2026
William Stein from Truist Securities set a target price of $405.0 on 05/21/2026
Atif Malik from Citigroup set a target price of $460.0 on 05/21/2026
Mark Lipacis from Evercore ISI Group set a target price of $474.0 on 05/21/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.