Movement Alert|Analog Devices Falls 3.05% in Regular Trading, Semiconductor Sector Broadly Weak Ahead of Earnings

Market Focus
Aug 18

On August 18, Analog Devices fell 3.05% in regular trading, trading at $377.94 USD/share, with turnover of $194 million. The decline occurred amid a broad selloff across the semiconductor sector, with major chipmakers posting significant losses including Intel down 5.99%, Micron Technology down 4.76%, AMD down 4.48%, Broadcom down 3.12%, and NVIDIA down 1.89%.

The company is scheduled to report Q3 earnings on August 19 before market open. Analysts expect EPS of $3.33, up from $2.05 a year ago, and revenue of approximately $3.93 billion, representing year-over-year growth of roughly 41%. KeyBanc maintains an Overweight rating with a $525 price target. The sector-wide weakness ahead of a heavy earnings calendar appears to be weighing on shares despite generally bullish institutional sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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