New York, Feb 3, 2026, 15:55 ET — Regular session
- ADI slipped roughly 1.7% late Tuesday after hitting $321 intraday
- Chip peers and sector ETFs slipped as risk appetite cooled.
- Investors now turn their attention to the company’s Feb. 18 results and outlook
Analog Devices shares slipped 1.7% to $311.50 by late afternoon on Tuesday, retreating from an early high of $321.04. The low for the session was $308.93.
The pullback matters because the stock has been pressing into new highs and traders are starting to count down to the company’s next update. Any wobble in tech sentiment tends to show up quickly in chip names.
The tech-heavy Invesco QQQ Trust Series 1 slipped about 1.7%. State Street SPDR S&P 500 ETF Trust dropped nearly 1%, and SPDR Dow Jones Industrial Average ETF fell roughly 0.4%. The iShares Semiconductor ETF tumbled about 2.6%—Broadcom Inc was down roughly 4.2% and NXP Semiconductors NV off about 6.4%; Texas Instruments Inc was little changed.
The broader tape has been jumpy. “We’ve got an expensive market and expectations are really high,” said John Campbell, a senior portfolio manager at Allspring Global Investments, as investors reassessed tech winners amid fresh worries about AI-driven disruption in software. (Reuters)
Analog Devices finished Monday up 1.9% at $316.86, putting it under 1% shy of its then 52-week high of $319.26, set on Jan. 29, according to MarketWatch data. (MarketWatch)
A separate overhang showed up this week in an insider-selling filing. A Form 144 dated Feb. 2 says Vincent T. Roche intends to sell 10,000 shares, with aggregate market value pegged at about $3.07 million, via Fidelity Brokerage Services LLC; the form gives May 23, 2025 as the adoption date for a Rule 10b5-1 trading plan. (Streetinsider)
Form 144 is a notice filed with the Securities and Exchange Commission that flags an intended sale under Rule 144. It doesn’t, on its own, prove a trade has been done, but traders commonly track it as a signal of potential near-term supply.
The next hard catalyst is earnings. The company said it plans to release first-quarter fiscal 2026 results on Wednesday, Feb. 18, before the open, followed by a conference call later that morning. (Analog Devices)
Analog Devices makes high-performance analog and mixed-signal chips used in systems that process real-world signals such as power, motion and sound—markets that can move with industrial and electronics demand. (Reuters)
With the stock perched near recent highs, the margin for error is thin. A cautious outlook — or even a hint that orders are tapering — could punish the shares more than a typical pullback in the sector.
Investors will key on Feb. 18 for guidance and tone, with the insider-sale notice and the broader tech mood still in the background.
