Linear Technology Corp. (NASDAQ:LLTC) CFO Donald P. Zerio sold 1,169 shares of Linear Technology Corp. stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $62.18, for a total transaction of $72,688.42. Following the completion of the sale, the chief financial officer now owns 77,172 shares in the company, valued at approximately $4,798,554.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.23% during midday trading on Wednesday, hitting $62.20. The company’s stock had a trading volume of 2,052,381 shares. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 30.64 and a beta of 1.16. Linear Technology Corp. has a one year low of $37.33 and a one year high of $64.42. The company’s 50-day moving average is $60.03 and its 200 day moving average is $54.47.

Linear Technology Corp. (NASDAQ:LLTC) last issued its quarterly earnings data 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 net margin of 34.17% and a return on equity of 29.73%. The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $377.66 million. During the same period in the previous year, the business earned $0.46 EPS. Linear Technology Corp.’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts predict 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 disclosed 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 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Wednesday, November 16th. Linear Technology Corp.’s payout ratio is currently 63.05%.

A number of large investors have recently modified their holdings of the stock. AMP Capital Investors Ltd increased its stake in shares of Linear Technology Corp. by 4.7% in the first quarter. AMP Capital Investors Ltd now owns 106,883 shares of the company’s stock worth $4,786,000 after buying an additional 4,800 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Linear Technology Corp. by 2.3% in the first quarter. Legal & General Group Plc now owns 991,498 shares of the company’s stock worth $44,180,000 after buying an additional 22,438 shares during the last quarter. LPL Financial LLC increased its stake in shares of Linear Technology Corp. by 7.6% in the first quarter. LPL Financial LLC now owns 29,985 shares of the company’s stock worth $1,334,000 after buying an additional 2,129 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Linear Technology Corp. by 502.6% in the first quarter. Panagora Asset Management Inc. now owns 145,925 shares of the company’s stock worth $6,502,000 after buying an additional 121,710 shares during the last quarter. Finally, Babson Capital Management LLC bought a new stake in shares of Linear Technology Corp. during the first quarter worth $874,000. 88.62% of the stock is currently owned by institutional investors.

Several equities analysts have commented on LLTC shares. B. Riley reissued a “neutral” rating and set a $62.00 price objective on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. BMO Capital Markets reissued a “hold” rating and set a $60.00 price objective on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Zacks Investment Research raised Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Thursday, July 28th. JPMorgan Chase & Co. raised their price objective on Linear Technology Corp. from $47.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, Drexel Hamilton reissued a “hold” rating on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Linear Technology Corp. presently has a consensus rating of “Hold” and a consensus price target of $55.08.

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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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