Linear Technology VP Unloads $225,150 in Stock (LLTC)
Linear Technology (NASDAQ:LLTC) VP Steve Pietkiewicz sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $45.03, for a total value of $225,150.00. Following the sale, the vice president now directly owns 74,652 shares of the company’s stock, valued at approximately $3,361,580. The transaction was disclosed in a document filed with the SEC, which is available at 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.64.
Shares of Linear Technology (NASDAQ:LLTC) traded up 0.18% on Friday, hitting $45.11. 1,323,684 shares of the company’s stock traded hands. 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 $45.32 and a 200-day moving average of $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 posted its quarterly 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.
Linear Technology Corporation (NASDAQ:LLTC) is designing, manufacturing and marketing a range of analog integrated circuits for companies globally.
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