Robert C. Dobkin Sells 38,828 Shares of Linear Technology Corp. (LLTC) Stock
Linear Technology Corp. (NASDAQ:LLTC) VP Robert C. Dobkin sold 38,828 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $63.39, for a total transaction of $2,461,306.92. Following the sale, the vice president now owns 195,126 shares in the company, valued at $12,369,037.14. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Linear Technology Corp. (NASDAQ:LLTC) opened at 62.53 on Thursday. The company’s 50-day moving average is $60.20 and its 200-day moving average is $54.88. The stock has a market cap of $15.03 billion, a PE ratio of 30.80 and a beta of 1.16. Linear Technology Corp. has a 52-week low of $37.33 and a 52-week high of $64.42.
Linear Technology Corp. (NASDAQ:LLTC) last issued its earnings results on Tuesday, October 18th. The company reported $0.53 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 firm had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $377.66 million. During the same period last year, the firm earned $0.46 earnings per share. Linear Technology Corp.’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts anticipate that Linear Technology Corp. will post $2.20 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Friday, November 18th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, November 16th. Linear Technology Corp.’s dividend payout ratio (DPR) is presently 63.05%.
A number of research firms recently weighed in on LLTC. B. Riley reissued a “neutral” rating and issued a $60.00 price objective on shares of Linear Technology Corp. in a research report on Monday, October 24th. 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 equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $55.08.
Institutional investors have recently modified their holdings of the company. Global X Management Co. LLC increased its position in shares of Linear Technology Corp. by 93.6% in the third quarter. Global X Management Co. LLC now owns 2,213 shares of the company’s stock worth $131,000 after buying an additional 1,070 shares during the period. CENTRAL TRUST Co increased its stake 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 during the period. Mizuho Asset Management Co. Ltd. increased its stake in 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 worth $141,000 after buying an additional 1,291 shares during the period. IFP Advisors Inc increased its stake in Linear Technology Corp. by 569.4% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock worth $168,000 after buying an additional 3,069 shares during the period. Finally, Woodmont Investment Counsel LLC bought a new stake in Linear Technology Corp. during the third quarter worth about $188,000. 89.15% of the stock is currently owned by institutional investors.
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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