Analog Devices Slides as Chip Selloff Appears to Outweigh Recent Strong Results

Analog Devices (ADI) is down 7.8% today. Here is some analysis on what might have caused this price movement. ([apnews.com](https://apnews.com/article/03c6efaefd208a4b68679cdccde51cf9?utm_source=openai))

Analysis: The drop appears to be driven mainly by a broad semiconductor selloff rather than a new company-specific setback. This could be because investors are rotating out of richly valued chip names as worries build around higher rates and the pace of AI-related spending, even though Analog Devices recently posted strong results and highlighted AI power opportunities. ([axios.com](https://www.axios.com/2026/06/23/tech-stocks-ai-bubble?utm_source=openai))

Details:

U.S. stocks were pressured by a tech-led pullback on June 23, with chip shares among the weakest areas of the market as investors reassessed valuations and macro risk. ([apnews.com](https://apnews.com/article/03c6efaefd208a4b68679cdccde51cf9?utm_source=openai))

Analog Devices does not appear to have released a new negative press announcement today; its latest posted company updates were in May, including quarterly results and AI-related product and deal news. ([analog.com](https://www.analog.com/en/newsroom.html?utm_source=openai))

The company’s fiscal second-quarter report showed record revenue, year-over-year growth across end markets, and results above the high end of its outlook, which suggests today’s move is not obviously tied to deteriorating fundamentals. ([analog.com](https://www.analog.com/en/newsroom/press-releases/2026/5-20-2026-adi-reports-record-fiscal-second-quarter-2026-financial-results.html?utm_source=openai))

Analog Devices also agreed to acquire Empower Semiconductor in May to expand its high-density power portfolio for AI systems, but that positive backdrop may have been overshadowed by the sector-wide risk-off trade. ([analog.com](https://www.analog.com/en/newsroom/press-releases/2026/5-19-2026-adi-to-acquire-empower-semiconductor.html?utm_source=openai))

Sources:

Analog Devices, AP News, Axios

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 74 times in the past 6 months. Of those trades, 0 have been purchases and 74 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 9 sales selling 110,000 shares for an estimated $41,812,105.
RAY STATA has made 0 purchases and 61 sales selling 21,392 shares for an estimated $6,824,705.
MICHAEL SONDEL (CAO (principal acct. officer)) sold 4,198 shares for an estimated $1,515,925
KAREN GOLZ sold 1,000 shares for an estimated $411,950
KATSUFUMI NAKAMURA (SVP, Chief Customer Officer) has made 0 purchases and 2 sales selling 1,000 shares for an estimated $295,315.

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 1,013 institutional investors add shares of $ADI stock to their portfolio, and 959 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY removed 2,191,130 shares (-21.0%) from their portfolio in Q1 2026, for an estimated $697,086,098
FIRST EAGLE INVESTMENT MANAGEMENT, LLC removed 2,025,781 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $644,481,967
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,946,255 shares (+41.3%) to their portfolio in Q1 2026, for an estimated $619,181,565
FMR LLC added 1,801,734 shares (+36.6%) to their portfolio in Q1 2026, for an estimated $573,203,654
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 1,677,682 shares (-21.3%) from their portfolio in Q1 2026, for an estimated $533,737,751
GENERATION INVESTMENT MANAGEMENT LLP removed 1,316,607 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $357,063,818
FARALLON CAPITAL MANAGEMENT LLC removed 1,299,500 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $352,424,400

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 5 times in the past 6 months. Of those trades, 1 have been purchases and 4 have been sales.

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

REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 05/19.
REPRESENTATIVE THOMAS H. KEAN, JR. sold up to $15,000 on 04/29.
REPRESENTATIVE RICHARD MCCORMICK has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 03/19.
SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 02/10.

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 3 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
B of A Securities issued a "Buy" rating on 01/21/2026
Wells Fargo issued a "Overweight" rating on 01/15/2026

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 22 analysts offer price targets for $ADI in the last 6 months, with a median target of $450.0.

Here are some recent targets:

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
N. Quinn Bolton from Needham set a target price of $440.0 on 05/21/2026
Vivek Arya from B of A Securities set a target price of $460.0 on 05/21/2026
Blayne Curtis from Jefferies set a target price of $475.0 on 05/21/2026
Joe Quatrochi from Wells Fargo set a target price of $515.0 on 05/21/2026
Tristan Gerra from Baird set a target price of $450.0 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.