Linear Technology VP Richard Nickson Sells 10,000 Shares (LLTC)
Linear Technology (NASDAQ:LLTC) VP Richard Nickson sold 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $45.50, for a total value of $455,000.00. Following the transaction, the vice president now directly owns 79,324 shares of the company’s stock, valued at approximately $3,609,242. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Linear Technology (NASDAQ:LLTC) traded down 0.38% on Thursday, hitting $45.29. 1,560,395 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 $45.55 and a 200-day moving average of $46.22. The company has a market cap of $11.018 billion and a P/E ratio of 23.93.
Linear Technology (NASDAQ:LLTC) last released its earnings data on Tuesday, July 22nd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that Linear Technology will post $2.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Stockholders 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 of this dividend is Wednesday, August 13th.
A number of research firms have recently commented on LLTC. 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. The company presently has an average rating of “Hold” and an average price target of $44.64.
Linear Technology Corporation (NASDAQ:LLTC) is designing, manufacturing and marketing a range of analog integrated circuits for companies globally.
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