Linear Technology Corp. (NASDAQ:LLTC) insider Robert H. Swanson, Jr. sold 21,298 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $60.97, for a total transaction of $1,298,539.06. Following the completion of the transaction, the insider now directly owns 144,695 shares in the company, valued at approximately $8,822,054.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.41% during trading on Monday, reaching $61.25. 3,094,122 shares of the company were exchanged. The company’s 50-day moving average price is $59.82 and its 200-day moving average price is $54.02. Linear Technology Corp. has a 1-year low of $37.33 and a 1-year high of $64.42. The stock has a market capitalization of $14.72 billion, a P/E ratio of 30.17 and a beta of 1.16.

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

Insider Buying and Selling by Quarter for Linear Technology Corp. (NASDAQ:LLTC)

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders 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 yield of 2.09%. Linear Technology Corp.’s dividend payout ratio is currently 63.05%.

A number of hedge funds have recently made changes to their positions in the stock. Cooke & Bieler LP increased its stake in shares of Linear Technology Corp. by 22.2% in the second quarter. Cooke & Bieler LP now owns 1,598,999 shares of the company’s stock worth $74,401,000 after buying an additional 290,675 shares in the last quarter. Confluence Investment Management LLC increased its stake 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 worth $63,559,000 after buying an additional 115,374 shares during the period. Armstrong Henry H Associates Inc. increased its stake 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 worth $44,730,000 after buying an additional 3,016 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Linear Technology Corp. by 1.0% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 305,788 shares of the company’s stock worth $14,228,000 after buying an additional 3,015 shares during the period. Finally, Jensen Investment Management Inc. increased its stake in Linear Technology Corp. by 1.3% in the second quarter. Jensen Investment Management Inc. now owns 9,220 shares of the company’s stock worth $429,000 after buying an additional 120 shares during the period. Institutional investors own 88.62% of the company’s stock.

Several research firms have recently weighed in on LLTC. B. Riley reaffirmed a “neutral” rating and issued a $60.00 price target on shares of Linear Technology Corp. in a report on Monday, October 24th. JPMorgan Chase & Co. upped their target price on shares of Linear Technology Corp. from $47.00 to $62.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $60.00 target price on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Goldman Sachs Group Inc. upped their target price on shares of Linear Technology Corp. from $46.00 to $59.00 and gave the stock 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 upped their target price for the stock from $37.00 to $62.00 in a research report on Wednesday, July 27th. Three equities 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $55.08.

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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