Investors sold shares of Linear Technology Corp. (NASDAQ:LLTC) on strength during trading hours on Thursday following insider selling activity. $10.39 million flowed into the stock on the tick-up and $27.61 million flowed out of the stock on the tick-down, for a money net flow of $17.22 million out of the stock. Of all companies tracked, Linear Technology Corp. had the 0th highest net out-flow for the day. Linear Technology Corp. traded up $0.14 for the day and closed at $62.20Specifically, VP Donald E. Paulus sold 9,998 shares of Linear Technology Corp. stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $60.25, for a total transaction of $602,379.50. Following the completion of the sale, the vice president now directly owns 113,013 shares in the company, valued at $6,809,033.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Donald P. Zerio sold 1,169 shares of Linear Technology Corp. stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $62.18, for a total transaction of $72,688.42. Following the sale, the chief financial officer now owns 77,172 shares of the company’s stock, valued at $4,798,554.96. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

LLTC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Linear Technology Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, September 27th. Citigroup Inc. downgraded shares of Linear Technology Corp. to a “market perform” rating in a report on Monday, October 17th. Oppenheimer Holdings Inc. downgraded shares of Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, October 17th. Finally, B. Riley reiterated a “neutral” rating and set a $60.00 price target on shares of Linear Technology Corp. in a report on Wednesday, October 19th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Linear Technology Corp. has a consensus rating of “Hold” and a consensus price target of $55.08.

The firm has a market cap of $15.01 billion, a PE ratio of 30.77 and a beta of 1.16. The firm’s 50-day moving average price is $60.12 and its 200 day moving average price is $54.60.

Linear Technology Corp. (NASDAQ:LLTC) last issued its quarterly earnings results on Tuesday, October 18th. The company reported $0.53 earnings per share for the quarter, missing the Zacks’ 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 period in the previous year, the company posted $0.46 earnings per share. Linear Technology Corp.’s revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Linear Technology Corp. will post $2.20 EPS for the current year.

The firm 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. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Wednesday, November 16th. Linear Technology Corp.’s payout ratio is 63.05%.

A number of large investors have recently modified their holdings of LLTC. 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 during the last quarter. Confluence Investment Management LLC increased its stake in shares of 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 last quarter. Armstrong Henry H Associates Inc. increased its stake in shares of 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 last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of 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 last quarter. Finally, Jensen Investment Management Inc. increased its stake in shares of 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 last quarter. 88.62% of the stock is owned by 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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