Linear Technology Corp. (NASDAQ:LLTC) VP Robert C. Dobkin sold 38,828 shares of the stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $63.39, for a total transaction of $2,461,306.92. Following the completion of the sale, the vice president now directly owns 195,126 shares in the company, valued at $12,369,037.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Linear Technology Corp. (NASDAQ:LLTC) traded up 0.21% during midday trading on Tuesday, reaching $62.57. 2,776,150 shares of the company’s stock traded hands. The stock has a market capitalization of $15.04 billion, a P/E ratio of 30.82 and a beta of 1.16. The firm’s 50-day moving average price is $60.20 and its 200 day moving average price is $54.88. Linear Technology Corp. has a 1-year low of $37.33 and a 1-year high of $64.42.

Linear Technology Corp. (NASDAQ:LLTC) last posted its earnings results 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 firm 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 revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 earnings per share. On average, equities analysts predict that Linear Technology Corp. will post $2.20 earnings per share for the current fiscal year.

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

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.28 annualized dividend and a yield of 2.05%. Linear Technology Corp.’s payout ratio is 63.05%.

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A number of institutional investors have recently bought and sold shares of LLTC. Gulf International Bank UK Ltd raised its position in shares of Linear Technology Corp. by 9.3% in the second quarter. Gulf International Bank UK Ltd now owns 76,505 shares of the company’s stock valued at $3,559,000 after buying an additional 6,500 shares in the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Linear Technology Corp. by 1.1% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 206,550 shares of the company’s stock valued at $9,611,000 after buying an additional 2,295 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in shares of Linear Technology Corp. by 6.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 61,891 shares of the company’s stock valued at $2,880,000 after buying an additional 3,616 shares in the last quarter. DNB Asset Management AS raised its position in shares of Linear Technology Corp. by 1,547.1% in the second quarter. DNB Asset Management AS now owns 285,502 shares of the company’s stock valued at $13,284,000 after buying an additional 268,168 shares in the last quarter. Finally, Cohen Lawrence B bought a new position in shares of Linear Technology Corp. during the second quarter valued at approximately $207,000. Institutional investors own 89.15% of the company’s stock.

LLTC has been the topic of a number of recent analyst reports. B. Riley reissued a “neutral” rating and issued a $62.00 price objective on shares of Linear Technology Corp. in a research report on Monday, August 1st. Zacks Investment Research lowered shares of Linear Technology Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Citigroup Inc. lowered shares of Linear Technology Corp. to a “market perform” rating in a research report on Monday, October 17th. Finally, Oppenheimer Holdings Inc. lowered shares of Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, October 17th. Three 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 stock presently has an average rating of “Hold” and a consensus price target of $55.08.

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.

5 Day Chart for NASDAQ:LLTC

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