Insider Selling: Linear Technology VP Sells 10,000 Shares of Stock (LLTC)
Linear Technology (NASDAQ:LLTC) VP Richard Nickson sold 10,000 shares of Linear Technology stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $45.37, for a total transaction of $453,700.00. Following the completion of the transaction, the vice president now directly owns 79,324 shares of the company’s stock, valued at approximately $3,598,930. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Linear Technology currently has an average rating of “Hold” and an average target price of $44.64.
Shares of Linear Technology (NASDAQ:LLTC) traded up 0.72% on Wednesday, hitting $45.465. 1,534,943 shares of the company’s stock traded hands. Linear Technology has a 1-year low of $38.05 and a 1-year high of $51.77. The stock has a 50-day moving average of $45.60 and a 200-day moving average of $46.22. The company has a market cap of $11.061 billion and a price-to-earnings ratio of 23.76.
Linear Technology (NASDAQ:LLTC) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.59 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. Linear Technology’s revenue was up 11.6% compared to the same quarter last year. 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 2.38%. The ex-dividend date 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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