New York, February 28, 2026, 14:32 EST — The session has ended.
- Analog Devices (ADI) finished the day at $355.79, climbing roughly 0.4% by Friday’s close.
- Tech names lost some steam toward month-end, after a stronger-than-expected U.S. producer-price reading reignited rate jitters.
- Up next for ADI: CFO Richard Puccio’s remarks land on March 3, which also marks the dividend record date.
Analog Devices Inc ended Friday at $355.79, up 0.41%. The chipmaker posted a slight rise, maintaining more stability than some other semiconductor names heading into the weekend.
The mood was choppier outside the major indexes. U.S. stocks slid Friday, with traders weighing the winners and losers of artificial intelligence’s impact on corporate budgets. Fresh inflation data and rising oil prices only stoked the jitters.
Inflation was the sticking point. January’s Producer Price Index (PPI) ticked up 0.5%, coming in hotter than the 0.3% economists expected, and that’s keeping the Fed wary about any move to cut rates. “Given still-buoyant core inflation, we expect the Fed to remain on pause during its upcoming March meeting,” said Ben Ayers, senior economist at Nationwide. Reuters pointed out the January PCE inflation report—delayed until March 13—remains a key watch, since it feeds into the Fed’s preferred inflation measure. Reuters
That’s a problem for chip stocks. When rates stay elevated, valuations take a hit—investors wind up paying more for every dollar of earnings, regardless of how strong the company’s fundamentals might be.
ADI shares wobbled, losing 1.79% Thursday to close at $354.35 and putting an end to a four-day run. Peers like Broadcom and KLA posted steeper declines, a sign of how fast the mood can shift across semiconductor names.
The Fed’s schedule is in focus too. After releasing minutes from its late-January meeting, the central bank has penciled in its next policy gathering for March 17–18.
On the corporate front, ADI bumped up its quarterly dividend by 11%, setting it at $1.10 per share in February. “ADI has executed its powerful and resilient business model to deliver positive free cash flow for 29 consecutive years,” CEO Vincent Roche said. Shareholders who hold the stock as of March 3 will be eligible for the payout, which lands on March 17. Analog Devices
The board signed off on a $1.10 quarterly dividend—an increase from $0.99—according to a separate SEC filing. The record date stays at March 3, with payment set for March 17.
ADI’s latest big move came after its Feb. 18 earnings and guidance. For the second quarter, the company forecast revenue of $3.5 billion, give or take $100 million, and set adjusted EPS (excluding certain items) at $2.88, with a $0.15 swing in either direction. “During our first quarter, bookings growth continued, driven by broad strength in Industrial and record orders for our Data Center segment,” CFO Richard Puccio said. Analog Devices
Next up, Puccio is set to take the stage. ADI confirmed he’s due to present at Morgan Stanley’s Technology, Media & Telecom conference in San Francisco, slated for Tuesday, March 3, at 10:00 a.m. PST. Investors will be tuned in, watching for any hint of a shift around industrial demand, data center orders, or pricing.
The setup isn’t one-way traffic. Should inflation prove stubborn and traders keep delaying expectations for rate cuts, chip names could face another leg down just on valuation—ADI, for one, sits near its recent highs, which doesn’t leave much cushion if things go south.
Right now, investors are looking ahead to Puccio’s conference appearance on March 3 as the next significant event for Analog Devices stock.
