Linear Technology Corp. (NASDAQ:LLTC) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $53.11.

LLTC has been the subject of several research analyst reports. Zacks Investment Research lowered Linear Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Citigroup Inc. lowered Linear Technology Corp. to a “market perform” rating in a research report on Monday, October 17th. Raymond James Financial Inc. upgraded Linear Technology Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Morgan Stanley lowered Linear Technology Corp. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $51.00 to $64.00 in a research report on Wednesday, July 27th. Finally, Oppenheimer Holdings Inc. lowered Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, October 17th.

Linear Technology Corp. (NASDAQ:LLTC) opened at 60.21 on Monday. The company has a market cap of $14.77 billion, a price-to-earnings ratio of 29.66 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 $59.57 and a 200-day moving average of $53.47.

Linear Technology Corp. (NASDAQ:LLTC) last issued its quarterly earnings data 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. Linear Technology Corp. had a net margin of 34.17% and a return on equity of 29.73%. The business earned $373.90 million during the quarter, compared to analyst estimates of $377.66 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Linear Technology Corp.’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts forecast that Linear Technology Corp. will post $2.19 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, November 16th. Linear Technology Corp.’s dividend payout ratio (DPR) is presently 63.05%.

In related news, insider Robert H. Swanson, Jr. sold 20,598 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $60.28, for a total value of $1,241,647.44. Following the sale, the insider now owns 144,695 shares in the company, valued at approximately $8,722,214.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert C. Dobkin sold 25,000 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 205,199 shares in the company, valued at approximately $12,313,991.99. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in Linear Technology Corp. by 7.9% in the first quarter. Geode Capital Management LLC now owns 2,167,497 shares of the company’s stock valued at $96,409,000 after buying an additional 158,288 shares during the last quarter. Cooke & Bieler LP boosted its position in Linear Technology Corp. by 22.2% in the second quarter. Cooke & Bieler LP now owns 1,598,999 shares of the company’s stock valued at $74,401,000 after buying an additional 290,675 shares during the last quarter. Confluence Investment Management LLC boosted its position in Linear Technology Corp. by 9.2% in the second quarter. Confluence Investment Management LLC now owns 1,365,972 shares of the company’s stock valued at $63,559,000 after buying an additional 115,374 shares during the last quarter. Wellington Management Group LLP boosted its position in Linear Technology Corp. by 99.8% in the first quarter. Wellington Management Group LLP now owns 5,496,815 shares of the company’s stock valued at $244,937,000 after buying an additional 2,745,797 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. boosted its position in Linear Technology Corp. by 0.3% in the second quarter. Armstrong Henry H Associates Inc. now owns 961,321 shares of the company’s stock valued at $44,730,000 after buying an additional 3,016 shares during the last quarter. Institutional investors and hedge funds own 92.40% of the company’s stock.

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.

5 Day Chart for NASDAQ:LLTC

Receive News & Stock Ratings for Linear Technology Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linear Technology Corp. and related stocks with our FREE daily email newsletter.