Today, Kentucky Retirement Systems Insurance Trust Fund Invests $449,000 in Linear Technology Corp. (LLTC)

Today, Kentucky Retirement Systems Insurance Trust Fund Invests $449,000 in Linear Technology Corp. (LLTC)

Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Linear Technology Corp. (NASDAQ:LLTC) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,654 shares of the company’s stock, valued at approximately $449,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its stake in Linear Technology Corp. by 3.5% in the second quarter. CENTRAL TRUST Co now owns 2,985 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the last quarter. Mizuho Asset Management Co. Ltd. boosted its position in shares of Linear Technology Corp. by 73.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,037 shares of the company’s stock valued at $141,000 after buying an additional 1,291 shares during the period. IFP Advisors Inc boosted its position in shares of Linear Technology Corp. by 569.4% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $168,000 after buying an additional 3,069 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of Linear Technology Corp. by 21.1% in the second quarter. Integrated Investment Consultants LLC now owns 4,085 shares of the company’s stock valued at $190,000 after buying an additional 713 shares during the period. Finally, GWM Advisors LLC purchased a new position in shares of Linear Technology Corp. during the second quarter valued at about $206,000. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.42% during trading on Friday, reaching $62.46. 534,336 shares of the company’s stock were exchanged. The stock has a market capitalization of $15.01 billion, a PE ratio of 30.77 and a beta of 1.16. Linear Technology Corp. has a 52 week low of $37.33 and a 52 week high of $64.42. The stock has a 50-day moving average of $60.12 and a 200-day moving average of $54.60.

Linear Technology Corp. (NASDAQ:LLTC) last released its earnings results on Tuesday, October 18th. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. Linear Technology Corp. had a return on equity of 29.73% and a net margin of 34.17%. The firm had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $377.66 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that Linear Technology Corp. will post $2.20 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Friday, November 18th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 16th. Linear Technology Corp.’s dividend payout ratio (DPR) is 63.05%.

Several research analysts have recently weighed in on LLTC shares. B. Riley reissued a “neutral” rating and set a $62.00 price objective on shares of Linear Technology Corp. in a report on Monday, August 1st. Zacks Investment Research cut shares of Linear Technology Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Citigroup Inc. cut shares of Linear Technology Corp. to a “market perform” rating in a report on Monday, October 17th. Finally, Oppenheimer Holdings Inc. lowered shares of Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, October 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $55.08.

In other news, VP Donald P. Zerio sold 2,126 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $62.23, for a total value of $132,300.98. Following the completion of the sale, the vice president now directly owns 77,172 shares of the company’s stock, valued at $4,802,413.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Donald E. Paulus sold 9,998 shares of the stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $60.25, for a total value of $602,379.50. Following the completion of the sale, the vice president now directly owns 113,013 shares of the company’s stock, valued at $6,809,033.25. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Linear Technology Corp. Company Profile

Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits. The Company produces power management, data conversion, signal conditioning, radio frequency (RF) and interface integrated circuits (ICs) and wireless sensor network products, among others.

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