Linear Technology Corp. (NASDAQ:LLTC) – Research analysts at SunTrust Banks decreased their Q3 2017 earnings estimates for Linear Technology Corp. in a research note issued on Tuesday. SunTrust Banks analyst W. Stein now forecasts that the brokerage will earn $0.54 per share for the quarter, down from their previous forecast of $0.55. SunTrust Banks also issued estimates for Linear Technology Corp.’s FY2017 earnings at $2.16 EPS, Q1 2018 earnings at $0.58 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.58 EPS, Q4 2018 earnings at $0.60 EPS, FY2018 earnings at $2.32 EPS and Q1 2019 earnings at $0.61 EPS.

Linear Technology Corp. (NASDAQ:LLTC) last released its quarterly earnings results on Tuesday, October 18th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. Linear Technology Corp. had a net margin of 34.17% and a return on equity of 29.73%. The firm had revenue of $373.90 million for the quarter, compared to analyst estimates of $377.66 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year.

Earnings History and Estimates for Linear Technology Corp. (NASDAQ:LLTC)

Several other equities research analysts have also recently weighed in on LLTC. B. Riley restated a “neutral” rating and issued a $60.00 price objective on shares of Linear Technology Corp. in a research report on Monday, October 24th. JPMorgan Chase & Co. raised their price objective on shares of Linear Technology Corp. from $47.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. BMO Capital Markets restated a “hold” rating and issued a $60.00 price objective on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. raised their price objective on shares of Linear Technology Corp. from $46.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. upgraded shares of Linear Technology Corp. from a “sell” rating to a “neutral” rating and raised their price objective for the company from $37.00 to $62.00 in a research report on Wednesday, July 27th. Three research 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. Linear Technology Corp. currently has an average rating of “Hold” and a consensus price target of $55.08.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.15% during midday trading on Wednesday, hitting $59.99. 205,659 shares of the stock were exchanged. Linear Technology Corp. has a one year low of $37.33 and a one year high of $64.42. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 29.55 and a beta of 1.16. The company has a 50 day moving average price of $59.51 and a 200 day moving average price of $53.32.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. Linear Technology Corp.’s dividend payout ratio (DPR) is presently 63.05%.

In other news, VP Robert C. Dobkin sold 25,000 shares of Linear Technology Corp. stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $60.01, for a total value of $1,500,250.00. Following the sale, the vice president now directly owns 205,199 shares in the company, valued at $12,313,991.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert H. Swanson, Jr. sold 20,598 shares of Linear Technology Corp. stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $60.28, for a total transaction of $1,241,647.44. Following the completion of the sale, the insider now owns 144,695 shares in the company, valued at $8,722,214.60. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC increased its stake in 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 during the period. CENTRAL TRUST Co increased 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 during the last quarter. Mizuho Asset Management Co. Ltd. increased 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 during the last quarter. IFP Advisors Inc increased 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 during the last quarter. Finally, Integrated Investment Consultants LLC increased 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 worth $190,000 after buying an additional 713 shares during the last quarter. Institutional investors own 92.40% 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.

5 Day Chart for NASDAQ:LLTC

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