Today: Today, Kentucky Retirement Systems Takes Position in Linear Technology Corp. (LLTC)

Today, Kentucky Retirement Systems Takes Position in Linear Technology Corp. (LLTC)

Kentucky Retirement Systems bought a new stake in shares of Linear Technology Corp. (NASDAQ:LLTC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,332 shares of the company’s stock, valued at approximately $946,000.

Several other large investors have also recently added to or reduced their stakes in LLTC. Gulf International Bank UK Ltd boosted its stake in Linear Technology Corp. by 9.3% in the second quarter. Gulf International Bank UK Ltd now owns 76,505 shares of the company’s stock valued at $3,559,000 after buying an additional 6,500 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Linear Technology Corp. by 1.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 206,550 shares of the company’s stock valued at $9,611,000 after buying an additional 2,295 shares during the period. Exxonmobil Investment Management Inc. TX boosted its stake in Linear Technology Corp. by 6.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,891 shares of the company’s stock valued at $2,880,000 after buying an additional 3,616 shares during the period. DNB Asset Management AS boosted its stake in Linear Technology Corp. by 1,547.1% in the second quarter. DNB Asset Management AS now owns 285,502 shares of the company’s stock valued at $13,284,000 after buying an additional 268,168 shares during the period. Finally, Cohen Lawrence B purchased a new stake in Linear Technology Corp. during the second quarter valued at approximately $207,000. 88.62% of the stock is owned by institutional investors.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.42% during mid-day trading on Friday, reaching $62.46. The company had a trading volume of 534,336 shares. The company has a market capitalization of $15.01 billion, a P/E ratio of 30.77 and a beta of 1.16. The stock has a 50 day moving average price of $60.12 and a 200 day moving average price of $54.60. Linear Technology Corp. has a one year low of $37.33 and a one year high of $64.42.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Friday, November 18th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 16th. Linear Technology Corp.’s dividend payout ratio is currently 63.05%.

Several equities research analysts have recently commented on the company. B. Riley reissued a “neutral” rating and issued a $60.00 target price on shares of Linear Technology Corp. in a research note on Monday, October 24th. Zacks Investment Research cut Linear Technology Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Oppenheimer Holdings Inc. cut Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. Finally, Citigroup Inc. cut Linear Technology Corp. to a “market perform” rating in a research note on Monday, October 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $55.08.

In other Linear Technology Corp. news, VP Robert C. Dobkin sold 25,000 shares of the stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $60.01, for a total transaction of $1,500,250.00. Following the completion of the sale, the vice president now directly owns 205,199 shares in the company, valued at approximately $12,313,991.99. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Donald E. Paulus sold 9,998 shares of the stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $60.25, for a total value of $602,379.50. Following the sale, the vice president now owns 113,013 shares of the company’s stock, valued at $6,809,033.25. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

About Linear Technology Corp.

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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