Linear Technology VP Sells $611,195 in Stock (LLTC)
Linear Technology (NASDAQ:LLTC) VP David A. Quarles sold 13,558 shares of the stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $45.08, for a total value of $611,194.64. Following the completion of the sale, the vice president now directly owns 53,180 shares in the company, valued at approximately $2,397,354. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Linear Technology has an average rating of “Hold” and a consensus target price of $44.64.
Shares of Linear Technology (NASDAQ:LLTC) traded up 0.18% during mid-day trading on Friday, hitting $45.11. The stock had a trading volume of 1,314,344 shares. Linear Technology has a 52 week low of $38.05 and a 52 week high of $51.77. The stock’s 50-day moving average is $45.32 and its 200-day moving average is $46.27. The company has a market cap of $10.759 billion and a P/E ratio of 23.70.
Linear Technology (NASDAQ:LLTC) last released its earnings data 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.
Linear Technology Corporation (NASDAQ:LLTC) is designing, manufacturing and marketing a range of analog integrated circuits for companies globally.
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