Traders sold shares of Linear Technology Corp. (NASDAQ:LLTC) on strength during trading on Monday. $22.07 million flowed into the stock on the tick-up and $39.32 million flowed out of the stock on the tick-down, for a money net flow of $17.25 million out of the stock. Of all stocks tracked, Linear Technology Corp. had the 0th highest net out-flow for the day. Linear Technology Corp. traded up $0.06 for the day and closed at $58.99

Several brokerages recently weighed in on LLTC. B. Riley reaffirmed a “neutral” rating and issued a $44.00 price target on shares of Linear Technology Corp. in a research report on Wednesday, April 20th. Zacks Investment Research raised shares of Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research report on Thursday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 price target on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Linear Technology Corp. in a research report on Friday, May 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of Linear Technology Corp. from $47.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Linear Technology Corp. presently has a consensus rating of “Hold” and a consensus target price of $53.86.

The company has a market capitalization of $14.43 billion and a P/E ratio of 29.20. The stock has a 50 day moving average of $50.68 and a 200 day moving average of $45.96.

Linear Technology Corp. (NASDAQ:LLTC) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. During the same quarter in the prior year, the firm earned $0.54 EPS. The company had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $373.91 million. Linear Technology Corp.’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities research analysts expect that Linear Technology Corp. will post $2.18 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Investors of record on Friday, August 12th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, August 10th.

Other large investors have made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Linear Technology Corp. by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 582,691 shares of the company’s stock worth $24,746,000 after buying an additional 127,244 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Linear Technology Corp. by 0.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,289,233 shares of the company’s stock worth $139,694,000 after buying an additional 13,441 shares during the period. Eaton Vance Management boosted its stake in shares of Linear Technology Corp. by 3.3% in the fourth quarter. Eaton Vance Management now owns 92,811 shares of the company’s stock worth $3,942,000 after buying an additional 2,928 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Linear Technology Corp. by 14.5% in the fourth quarter. BlackRock Advisors LLC now owns 1,688,767 shares of the company’s stock worth $71,722,000 after buying an additional 213,599 shares during the period. Finally, KBC Group NV boosted its stake in shares of Linear Technology Corp. by 0.8% in the fourth quarter. KBC Group NV now owns 33,258 shares of the company’s stock worth $1,412,000 after buying an additional 268 shares during the period.

Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits for companies across the world. The Company’s principal product categories include Amplifiers, High Speed Amplifiers, Voltage Regulators, Voltage References, Interface, Data Converters, Battery Stack Monitors, Silicon Oscillators and Timer Blox, Phase Locked Loop (PLL) Synthesizers and Clock Distribution, SmartMesh Embedded Wireless Sensor Network, Isolated uModule Transceivers, Radio Frequency Circuits, Power Over Ethernet (PoE) Controllers, uModule Power Products, Signal Chain uModule Products and Others.

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