Nisa Investment Advisors LLC Sells 20,777 Shares of Linear Technology Corp. (LLTC)
Nisa Investment Advisors LLC lowered its stake in shares of Linear Technology Corp. (NASDAQ:LLTC) by 13.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,698 shares of the company’s stock after selling 20,777 shares during the period. Nisa Investment Advisors LLC owned 0.06% of Linear Technology Corp. worth $7,927,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. CENTRAL TRUST Co raised its position 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 in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in shares of 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 valued at $141,000 after buying an additional 1,291 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Linear Technology Corp. by 569.4% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $168,000 after buying an additional 3,069 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Linear Technology Corp. by 21.1% in the second quarter. Integrated Investment Consultants LLC now owns 4,085 shares of the company’s stock valued at $190,000 after buying an additional 713 shares during the last quarter. Finally, GWM Advisors LLC bought a new stake in shares of Linear Technology Corp. during the second quarter valued at about $206,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
Linear Technology Corp. (NASDAQ:LLTC) traded up 0.35% on Tuesday, hitting $62.66. The company had a trading volume of 1,943,686 shares. Linear Technology Corp. has a 12-month low of $37.33 and a 12-month high of $64.42. The firm has a market capitalization of $15.06 billion, a PE ratio of 30.87 and a beta of 1.16. The firm has a 50-day moving average price of $60.20 and a 200-day moving average price of $54.88.
Linear Technology Corp. (NASDAQ:LLTC) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.01. The business earned $373.90 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.46 earnings per share. On average, equities research analysts anticipate that Linear Technology Corp. will post $2.20 earnings per share for the current fiscal year.
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 paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Wednesday, November 16th. Linear Technology Corp.’s dividend payout ratio (DPR) is presently 63.05%.
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Several equities research analysts have recently issued reports on LLTC shares. B. Riley restated a “neutral” rating and issued a $62.00 price objective on shares of Linear Technology Corp. in a research note on Monday, August 1st. Zacks Investment Research downgraded shares of Linear Technology Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Citigroup Inc. downgraded shares of Linear Technology Corp. to a “market perform” rating in a research note on Monday, October 17th. Finally, Oppenheimer Holdings Inc. downgraded shares of Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, October 17th. Three research 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. The company currently has a consensus rating of “Hold” and an average price target of $55.08.
In related news, CFO Donald P. Zerio sold 1,169 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $62.18, for a total value of $72,688.42. Following the sale, the chief financial officer now directly owns 77,172 shares of the company’s stock, valued at $4,798,554.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lothar Maier sold 274,642 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $60.97, for a total value of $16,744,922.74. Following the completion of the sale, the chief executive officer now directly owns 215,652 shares in the company, valued at $13,148,302.44. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
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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