Ownership Change: Linear Technology Corporation (NASDAQ:LLTC)’s VP & GM Power Business Unit Steve Pietkiewicz Sold 1770 shares of the Company

November 23, 2016 - By Richard Conner

Ownership Change: Linear Technology Corporation (NASDAQ:LLTC)'s VP & GM Power Business Unit Steve Pietkiewicz Sold 1770 shares of the Company

Steve Pietkiewicz Insider Sell

Steve Pietkiewicz, the VP & GM Power Business Unit of Linear Technology Corp made transaction for 1,770 shares with an average price per share of $60.2 in the California-based Linear Technology Corp, that are with a grand total value of $106,637 U.S Dollars. This sale was reported on 22/11/2016 and is already filed with the Washington-based Security and Exchange Commission. The public report is on hand to the public here. Steve Pietkiewicz now indirectly possess 21344 shares. He also directly possess 110376 shares. In total he holds a stake of 0.05%.

Linear Technology Corporation (NASDAQ:LLTC) Ratings Coverage

Out of 13 analysts covering Linear Technology Corporation (NASDAQ:LLTC), 2 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 15% are positive. $64 is the highest target while $37 is the lowest. The $47.75 average target is -23.06% below today’s ($62.06) stock price. Linear Technology Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Oppenheimer maintained Linear Technology Corporation (NASDAQ:LLTC) on Thursday, July 23 with “Outperform” rating. Pacific Crest upgraded the stock to “Sector Weight” rating in Wednesday, July 27 report. The rating was downgraded by Drexel Hamilton on Wednesday, July 22 to “Hold”. The stock has “Underperform” rating given by CLSA on Tuesday, May 17. The firm has “Neutral” rating by Goldman Sachs given on Thursday, June 2. Goldman Sachs maintained Linear Technology Corporation (NASDAQ:LLTC) on Wednesday, July 27 with “Neutral” rating. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, July 27 report.

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.73, from 1.39 in 2016Q1. The ratio dived, as 40 funds sold all Linear Technology Corporation shares owned while 135 reduced positions. 42 funds bought stakes while 201 increased positions. They now own 223.42 million shares or 0.27% less from 224.02 million shares in 2016Q1.

State Farm Mutual Automobile Ins accumulated 17.49M shares or 1.23% of the stock. Rockefeller Finance Svcs owns 100 shares or 0% of their US portfolio. Gemmer Asset Mgmt Limited Co reported 168 shares or 0% of all its holdings. Cleararc Capital last reported 0.05% of its portfolio in the stock. Contravisory Mgmt last reported 67 shares in the company. Guyasuta Inv Advsrs last reported 0.04% of its portfolio in the stock. Apg Asset Nv, a Netherlands-based fund reported 413,097 shares. Pension Serv holds 0.08% of its portfolio in Linear Technology Corporation (NASDAQ:LLTC) for 189,899 shares. Calvert Invest Inc last reported 12,951 shares in the company. Ameritas Inv Partners Incorporated holds 0.13% or 41,732 shares in its portfolio. Cooke & Bieler Ltd Partnership holds 1.60M shares or 1.65% of its portfolio. Sector Pension Board has 0.02% invested in the company for 45,295 shares. Naples Global Ltd Liability Co last reported 0.16% of its portfolio in the stock. Sg Americas Securities Limited Co last reported 0.01% of its portfolio in the stock. Nordea Inv Management Ab, a Sweden-based fund reported 12,634 shares.

Insider Transactions: Since October 25, 2016, the stock had 0 insider purchases, and 7 insider sales for $21.58 million net activity. QUARLES DAVID A had sold 3,000 shares worth $180,681 on Tuesday, October 25. SWANSON ROBERT H JR sold $1.30M worth of stock or 21,298 shares. DOBKIN ROBERT C sold $1.50 million worth of stock. 274,642 Linear Technology Corporation (NASDAQ:LLTC) shares with value of $16.75M were sold by MAIER LOTHAR. Shares for $602,399 were sold by PAULUS DONALD E.

The stock increased 1.32% or $0.81 during the last trading session, hitting $62.06. About 3.37M shares traded hands or 18.25% up from the average. Linear Technology Corporation (NASDAQ:LLTC) has risen 32.86% since April 20, 2016 and is uptrending. It has outperformed by 28.31% the S&P500.

Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits. The company has a market cap of $14.98 billion. The Firm produces power management, data conversion, signal conditioning, radio frequency and interface integrated circuits (ICs) and wireless sensor network products, among others. It has a 30.59 P/E ratio. The Company’s principal product categories include amplifiers, high speed amplifiers, voltage regulators, voltage references, interfaces, data converters, battery stack monitors, silicon oscillators and timer blox, phase locked loop (PLL) synthesizers and clock distribution, SmartMesh embedded wireless sensor network, radio and microwave frequency circuits, Power Over Ethernet (PoE) Controllers, and Other.

According to Zacks Investment Research, “Linear Technology products include operational, instrumentation and audio amplifiers; voltage regulators, power management devices, DC-DC converters and voltage references; comparators; monolithic filters; communications interface circuits; one-chip data acquisition sub-systems; pulse-width modulators and sample-and-hold devices. (Company Press Release)”

LLTC Company Profile

Linear Technology Corporation, incorporated on October 20, 2000, is engaged in designing, manufacturing and marketing a line of analog integrated circuits. The Firm produces power management, data conversion, signal conditioning, radio frequency (RF) and interface integrated circuits (ICs) and wireless sensor network products, among others. The Company’s principal product categories include amplifiers, high speed amplifiers, voltage regulators, voltage references, interfaces, data converters, battery stack monitors, silicon oscillators and timer blox, phase locked loop (PLL) synthesizers and clock distribution, SmartMesh embedded wireless sensor network, radio and microwave frequency circuits, Power Over Ethernet (PoE) Controllers, and Other. The Company’s products provide a bridge between analog world and the digital electronics in communications, networking, industrial, transportation, computer, medical, instrumentation, consumer, and military and aerospace systems.

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