Analog Devices Traders Rank 129th in $660M Volume Amid Sector Consolidation

On September 26, 2025, Analog Devices (ADI) traded with a volume of $660 million, ranking 129th in the market by dollar turnover. The stock closed nearly unchanged, reflecting a 0.01% gain, indicating limited near-term volatility amid broader market dynamics.

Market participants noted mixed sentiment around ADI’s positioning in the semiconductor sector. Analysts highlighted that while the company’s analog and mixed-signal components remain critical for industrial and automotive applications, near-term demand visibility remains constrained by macroeconomic uncertainties. Institutional activity showed a modest increase in short-term trading relative to peers, though no material earnings or product announcements were reported to directly influence the stock’s range-bound performance.

Technical indicators suggest the stock has been consolidating within a narrow corridor over the past month, with key support and resistance levels holding firm. This pattern aligns with broader market trends in the sector, where investors are adopting a wait-and-see approach ahead of potential Q4 inventory adjustments. The absence of significant news flow has led to a focus on liquidity metrics, with ADI’s trading volume remaining consistent with its 30-day average.

I understand the idea – every trading day we form an equal-weight portfolio consisting of the 500 stocks with the highest dollar trading volume, hold that basket for one day, then repeat from Jan 2022 to today. Unfortunately, the current back-testing tools we have inside this workspace support only single-ticker strategies or single-ticker event studies. They are not yet able to construct and maintain a daily-changing multi-stock basket or aggregate P&L across hundreds of tickers into a portfolio-level return series. Because of that limitation, I can’t execute the exact cross-sectional “top-500-by-volume” back-test in one shot.