Linear Technology Corp. (NASDAQ:LLTC) VP Donald P. Zerio sold 2,126 shares of the business’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $62.23, for a total transaction of $132,300.98. Following the sale, the vice president now directly owns 77,172 shares of the company’s stock, valued at $4,802,413.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Linear Technology Corp. (NASDAQ:LLTC) opened at 62.20 on Friday. Linear Technology Corp. has a one year low of $37.33 and a one year high of $64.42. The company has a market capitalization of $14.95 billion, a P/E ratio of 30.64 and a beta of 1.16. The firm has a 50-day moving average of $60.04 and a 200-day moving average of $54.47.

Linear Technology Corp. (NASDAQ:LLTC) last issued its 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. Linear Technology Corp. had a return on equity of 29.73% and a net margin of 34.17%. The company earned $373.90 million during the quarter, compared to analyst estimates of $377.66 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Linear Technology Corp. will post $2.20 earnings per share for the current year.

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

The firm 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 dividend yield of 2.06%. The ex-dividend date is Wednesday, November 16th. Linear Technology Corp.’s payout ratio is 63.05%.

A number of analysts have recently issued reports on the stock. B. Riley reissued a “neutral” rating and set a $60.00 target price on shares of Linear Technology Corp. in a research note on Monday, October 24th. Zacks Investment Research raised shares of Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Thursday, July 28th. Oppenheimer Holdings Inc. lowered shares of Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. Finally, Citigroup Inc. lowered shares of Linear Technology Corp. to a “market perform” rating in a research note on Monday, October 17th. Three equities research 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 an average rating of “Hold” and a consensus target price of $55.08.

Several hedge funds have recently modified their holdings of LLTC. Morgan Stanley increased its stake in shares of Linear Technology Corp. by 176.6% in the third quarter. Morgan Stanley now owns 2,982,640 shares of the company’s stock worth $176,841,000 after buying an additional 1,904,280 shares during the last quarter. FMR LLC increased its stake in shares of Linear Technology Corp. by 425.6% in the second quarter. FMR LLC now owns 1,437,101 shares of the company’s stock worth $66,868,000 after buying an additional 1,163,675 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Linear Technology Corp. during the second quarter worth about $45,508,000. Emerald Acquisition Ltd. acquired a new stake in shares of Linear Technology Corp. during the second quarter worth about $41,181,000. Finally, Vanguard Group Inc. increased its stake in shares of Linear Technology Corp. by 3.0% in the second quarter. Vanguard Group Inc. now owns 23,779,840 shares of the company’s stock worth $1,106,476,000 after buying an additional 696,568 shares during the last quarter. 88.62% of the stock is owned by hedge funds and other institutional investors.

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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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