Significant Insider Change: Linear Technology Corporation (NASDAQ:LLTC)’s Stock Insider Sale – Erik Soule Sells 15,810 Shares

November 25, 2016 - By Louis Casey

Significant Insider Change: Linear Technology Corporation (NASDAQ:LLTC)'s Stock Insider Sale   Erik Soule Sells 15,810 Shares

Erik Soule Insider Sell

The VP Sig. Cond. Business Unit of Linear Technology Corp, Erik Soule not a long ago cashed-in precisely $984,963 USD for 15,810 shares in the Linear Technology Corp corporation at an about $62.3 of a share. And, It’s sure Erik’s deal isn’t going to remain disregarded as he now is possessing 110,326 shares – ( 0.05% of Linear Technology Corp’s Market Cap ).

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 -23.55% below today’s ($62.46) stock price. Linear Technology Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup. Pacific Crest upgraded the shares of LLTC in a report on Wednesday, July 27 to “Sector Weight” rating. Goldman Sachs maintained the shares of LLTC in a report on Wednesday, July 27 with “Neutral” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, July 27. The stock has “Hold” rating given by Drexel Hamilton on Wednesday, July 22. CLSA initiated the shares of LLTC in a report on Tuesday, May 17 with “Underperform” rating. Goldman Sachs initiated Linear Technology Corporation (NASDAQ:LLTC) rating on Thursday, June 2. Goldman Sachs has “Neutral” rating and $46 price target. The firm has “Outperform” rating by Oppenheimer given on Thursday, July 23.

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.73, from 1.39 in 2016Q1. The ratio fall, 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.

Dnb Asset Mgmt As last reported 285,502 shares in the company. Ftb Advsr Incorporated has 650 shares for 0% of their US portfolio. Us Savings Bank De accumulated 113,253 shares or 0.02% of the stock. Eaton Vance accumulated 0.01% or 95,399 shares. Moreover, Royal Financial Bank Of Canada has 0.01% invested in Linear Technology Corporation (NASDAQ:LLTC) for 365,331 shares. Tci Wealth has 0% invested in the company for 80 shares. State Farm Mutual Automobile Insur has 1.23% invested in the company for 17.49 million shares. The New York-based National Bank Of Ny Mellon Corporation has invested 0.04% in Linear Technology Corporation (NASDAQ:LLTC). Glynn Cap Management Ltd Liability has 40,000 shares for 0.61% of their US portfolio. Moreover, Conning has 0.02% invested in Linear Technology Corporation (NASDAQ:LLTC) for 8,234 shares. Millennium Mgmt has 0% invested in the company for 8,508 shares. Archford Strategies Llc has invested 0.02% of its portfolio in Linear Technology Corporation (NASDAQ:LLTC). Moreover, First Mercantile Tru has 0.04% invested in Linear Technology Corporation (NASDAQ:LLTC) for 7,701 shares. Moreover, Bp Public Limited Company has 0.06% invested in Linear Technology Corporation (NASDAQ:LLTC) for 31,000 shares. Calvert Investment Inc last reported 0.03% of its portfolio in the stock.

Insider Transactions: Since October 25, 2016, the stock had 0 insider purchases, and 8 sales for $21.69 million net activity. SWANSON ROBERT H JR had sold 21,298 shares worth $1.30 million. Pietkiewicz Steve sold $106,637 worth of stock or 1,770 shares. DOBKIN ROBERT C had sold 172 shares worth $10,320. $16.75 million worth of shares were sold by MAIER LOTHAR on Tuesday, November 15. PAULUS DONALD E had sold 9,998 shares worth $602,399 on Tuesday, October 25. The insider QUARLES DAVID A sold $180,681.

The stock increased 0.42% or $0.26 during the last trading session, hitting $62.46. About 534,336 shares traded hands. Linear Technology Corporation (NASDAQ:LLTC) has risen 34.11% since April 22, 2016 and is uptrending. It has outperformed by 28.70% 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 $15.05 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 30.78 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)”

Analysts await Linear Technology Corporation (NASDAQ:LLTC) to report earnings on January, 17. They expect $0.54 earnings per share, up 8.00% or $0.04 from last year’s $0.5 per share. LLTC’s profit will be $130.12 million for 28.92 P/E if the $0.54 EPS becomes a reality. After $0.53 actual earnings per share reported by Linear Technology Corporation for the previous quarter, Wall Street now forecasts 1.89% EPS growth.

Another recent and important Linear Technology Corporation (NASDAQ:LLTC) news was published by Nasdaq.com which published an article titled: “Linear Technology Corporation (LLTC) Ex-Dividend Date Scheduled for November ..” on November 15, 2016.

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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