Insider Selling: Linear Technology VP Sells 10,000 Shares of Stock (LLTC)
Linear Technology (NASDAQ:LLTC) VP Richard Nickson sold 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $45.15, for a total value of $451,500.00. Following the completion of the sale, the vice president now directly owns 79,324 shares in the company, valued at approximately $3,581,479. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
LLTC has been the subject of a number of recent research reports. Analysts at Nomura reiterated a “neutral” rating on shares of Linear Technology in a research note on Thursday, July 24th. They now have a $42.00 price target on the stock, up previously from $40.00. Analysts at Zacks reiterated a “neutral” rating on shares of Linear Technology in a research note on Thursday, July 24th. They now have a $47.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.64.
Shares of Linear Technology (NASDAQ:LLTC) traded up 1.14% on Tuesday, hitting $45.14. The stock had a trading volume of 2,086,148 shares. Linear Technology has a 52 week low of $38.05 and a 52 week high of $51.77. The stock has a 50-day moving average of $45.70 and a 200-day moving average of $46.22. The company has a market cap of $10.982 billion and a price-to-earnings ratio of 23.49.
Linear Technology (NASDAQ:LLTC) last announced its earnings results on Tuesday, July 22nd. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.08. The company had revenue of $365.40 million for the quarter, compared to the consensus estimate of $362.51 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. On average, analysts predict that Linear Technology will post $2.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Friday, August 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, August 13th.
Linear Technology Corporation (NASDAQ:LLTC) is designing, manufacturing and marketing a range of analog integrated circuits for companies globally.
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