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Beacon Investment Advisory Services Inc. Sells 6,286 Shares of Analog Devices, Inc. $ADI
Beacon Investment Advisory Services Inc. reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.4% in the fourth quarter, selling 6,286 shares and retaining 136,572 shares valued at approximately $37.0 million. This move made ADI about 1.5% of Beacon’s portfolio. Despite insider selling, Analog Devices reported strong Q4 earnings, increased its dividend, and received multiple price target hikes from analysts, resulting in a “Buy” consensus rating.