Linear Technology Corp. (LLTC) VP Steve Pietkiewicz Sells 1,770 Shares
Linear Technology Corp. (NASDAQ:LLTC) VP Steve Pietkiewicz sold 1,770 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $60.25, for a total value of $106,642.50. Following the sale, the vice president now owns 110,376 shares of the company’s stock, valued at approximately $6,650,154. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Linear Technology Corp. (NASDAQ:LLTC) traded up 0.40% on Wednesday, reaching $62.31. The company’s stock had a trading volume of 513,244 shares. Linear Technology Corp. has a 52 week low of $37.33 and a 52 week high of $64.42. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 30.69 and a beta of 1.16. The company has a 50 day moving average of $59.95 and a 200 day moving average of $54.41.
Linear Technology Corp. (NASDAQ:LLTC) last posted its quarterly earnings data on Tuesday, October 18th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $377.66 million. During the same quarter last year, the firm posted $0.46 earnings per share. Linear Technology Corp.’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts forecast that Linear Technology Corp. will post $2.20 earnings per share for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.28 annualized dividend and a yield of 2.06%. Linear Technology Corp.’s dividend payout ratio (DPR) is currently 63.05%.
Several research firms recently issued reports on LLTC. BMO Capital Markets reiterated a “hold” rating and set a $60.00 target price on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Drexel Hamilton restated a “hold” rating on shares of Linear Technology Corp. in a report on Wednesday, July 27th. Goldman Sachs Group Inc. raised their price target on Linear Technology Corp. from $46.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Raymond James Financial Inc. upgraded Linear Technology Corp. from an “underperform” rating to a “market perform” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. upgraded Linear Technology Corp. from a “sell” rating to a “neutral” rating and raised their price target for the company from $37.00 to $62.00 in a report on Wednesday, July 27th. Three equities 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. has an average rating of “Hold” and a consensus price target of $55.08.
Large investors have recently bought and sold shares of the company. Global X Management Co. LLC raised 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 raised its stake in 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 period. Mizuho Asset Management Co. Ltd. raised its stake in 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 period. IFP Advisors Inc raised its stake in 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 period. Finally, Woodmont Investment Counsel LLC bought a new stake in Linear Technology Corp. during the third quarter worth about $188,000. Institutional investors own 88.62% 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.
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