The Insider Selling: Linear Technology Corp. (LLTC) VP Sold $132,300.98 in Stock

The Insider Selling: Linear Technology Corp. (LLTC) VP Sold $132,300.98 in Stock

Linear Technology Corp. (NASDAQ:LLTC) VP Donald P. Zerio sold 2,126 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The shares were 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 approximately $4,802,413.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Linear Technology Corp. (NASDAQ:LLTC) opened at 62.46 on Monday. Linear Technology Corp. has a 12-month low of $37.33 and a 12-month high of $64.42. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 30.77 and a beta of 1.16. The company has a 50-day moving average price of $60.12 and a 200-day moving average price of $54.60.

Linear Technology Corp. (NASDAQ:LLTC) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $377.66 million. During the same period in the prior year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Linear Technology Corp. will post $2.20 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global X Management Co. LLC raised its position in shares of Linear Technology Corp. by 93.6% in the third quarter. Global X Management Co. LLC now owns 2,213 shares of the company’s stock worth $131,000 after buying an additional 1,070 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Linear Technology Corp. by 3.5% in the second quarter. CENTRAL TRUST Co now owns 2,985 shares of the company’s stock worth $139,000 after buying an additional 100 shares in the last quarter. Mizuho Asset Management Co. Ltd. raised 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 worth $141,000 after buying an additional 1,291 shares in the last quarter. Woodmont Investment Counsel LLC acquired a new position in shares of Linear Technology Corp. during the third quarter worth $188,000. Finally, IFP Advisors Inc raised 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 worth $168,000 after buying an additional 3,069 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors.

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

Linear Technology Corp. Company Profile

Related posts

Leave a Comment