Lombard Odier Asset Management Europe Ltd bought a new position in Linear Technology Corporation (NASDAQ:LLTC) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,927 shares of the company’s stock, valued at approximately $233,000.
Several other institutional investors have also made changes to their positions in LLTC. Global X Management Co. LLC raised its position in shares of Linear Technology Corporation by 93.6% in the third quarter. Global X Management Co. LLC now owns 2,213 shares of the company’s stock worth $131,000 after buying an additional 1,070 shares during the period. IFP Advisors Inc increased its stake in shares of Linear Technology Corporation by 569.4% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $168,000 after buying an additional 3,069 shares in the last quarter. Woodmont Investment Counsel LLC bought a new stake in shares of Linear Technology Corporation during the third quarter valued at $188,000. Telemus Capital LLC bought a new stake in shares of Linear Technology Corporation during the third quarter valued at $217,000. Finally, Advisor Partners LLC bought a new stake in shares of Linear Technology Corporation during the third quarter valued at $224,000. Institutional investors and hedge funds own 89.17% of the company’s stock.
Linear Technology Corporation (NASDAQ:LLTC) traded down 0.06% during mid-day trading on Friday, reaching $63.49. The company had a trading volume of 786,612 shares. The stock’s 50-day moving average is $62.76 and its 200 day moving average is $60.60. Linear Technology Corporation has a 12 month low of $41.67 and a 12 month high of $64.42. The firm has a market capitalization of $15.29 billion, a P/E ratio of 31.12 and a beta of 1.11.
Linear Technology Corporation (NASDAQ:LLTC) last issued its quarterly earnings data on Tuesday, January 17th. The company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The firm earned $375.80 million during the quarter. Linear Technology Corporation had a return on equity of 29.35% and a net margin of 33.67%. Linear Technology Corporation’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, analysts predict that Linear Technology Corporation will post $2.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Friday, February 24th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, February 22nd. This is a positive change from Linear Technology Corporation’s previous quarterly dividend of $0.32. Linear Technology Corporation’s payout ratio is 63.05%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research raised Linear Technology Corporation from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, January 19th. Citigroup Inc. downgraded Linear Technology Corporation to a “market perform” rating in a report on Monday, October 17th. Drexel Hamilton reaffirmed a “hold” rating on shares of Linear Technology Corporation in a report on Wednesday, January 18th. B. Riley reaffirmed a “neutral” rating and set a $60.00 price target on shares of Linear Technology Corporation in a report on Wednesday, October 19th. Finally, Deutsche Bank AG increased their price target on Linear Technology Corporation from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, January 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Linear Technology Corporation presently has an average rating of “Hold” and a consensus price target of $59.30.
In other Linear Technology Corporation news, VP David A. Quarles sold 3,013 shares of the business’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $63.30, for a total transaction of $190,722.90. Following the completion of the transaction, the vice president now owns 52,633 shares in the company, valued at approximately $3,331,668.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lothar Maier sold 274,642 shares of the business’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $60.97, for a total value of $16,744,922.74. Following the transaction, the chief executive officer now owns 215,652 shares of the company’s stock, valued at approximately $13,148,302.44. The disclosure for this sale can be found here. Insiders have sold a total of 412,916 shares of company stock valued at $25,417,924 in the last quarter. 1.20% of the stock is currently owned by insiders.
Linear Technology Corporation Company Profile
Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits. The Company produces power management, data conversion, signal conditioning, radio frequency (RF) and interface integrated circuits (ICs) and wireless sensor network products, among others.
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