Insider Heat: Robert Dobkin, an Insider in Linear Technology Corporation (NASDAQ:LLTC), Sold 50073 shares of the Company

November 28, 2016 - By Marguerite Chambers

Insider Heat: Robert Dobkin, an Insider in Linear Technology Corporation (NASDAQ:LLTC), Sold 50073 shares of the Company

Robert Dobkin Insider Sell

Transaction totalling roughly $3,120,132 US Dollars was disclosed online in a public document submitted to the Security and Exchange Commission on 28-11-2016. According to which, Robert Dobkin, the VP of Engineering and CTO of Linear Technology Corp also an insider of the Pinksheet-listed company had unloaded a total of 50,073 shares – ( at $62.3 per share ). It seems he is very active lately as in the last month, he silently sold additional 25,172 shares of the company, worth $1,510,445 USD. This stocks unloading was pretty big one, so clearly it won’t go undiscovered. Now, Robert Dobkin has ownership of a total of 413,772 shares or 0.17% of the Company’s market capitalization.

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 -23.54% below today’s ($62.45) stock price. Linear Technology Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Tuesday, May 17 by CLSA. The stock of Linear Technology Corporation (NASDAQ:LLTC) has “Hold” rating given on Wednesday, July 22 by Drexel Hamilton. The rating was upgraded by Pacific Crest on Wednesday, July 27 to “Sector Weight”. The company was maintained on Thursday, July 23 by Oppenheimer. Morgan Stanley downgraded the shares of LLTC in a report on Wednesday, July 27 to “Equal-Weight” rating. The stock of Linear Technology Corporation (NASDAQ:LLTC) has “Neutral” rating given on Thursday, June 2 by Goldman Sachs. As per Wednesday, July 27, the company rating was maintained by Goldman Sachs. Citigroup upgraded the stock to “Neutral” rating in Wednesday, July 27 report.

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

Cypress Capital Group last reported 9,057 shares in the company. Pension has invested 0.08% of its portfolio in Linear Technology Corporation (NASDAQ:LLTC). Dekabank Deutsche Girozentrale has 31,682 shares for 0.02% of their US portfolio. Mycio Wealth Ltd Co holds 400 shares or 0% of its portfolio. Parametric Associate Limited Company has 0.03% invested in the company for 452,862 shares. Walleye Trading Limited Liability accumulated 26,186 shares or 0.01% of the stock. Goldman Sachs Grp Inc last reported 1.09 million shares in the company. Suntrust Banks Inc, a Georgia-based fund reported 42,096 shares. Huntington Financial Bank holds 0.01% or 6,596 shares in its portfolio. Renaissance Lc has invested 0.65% of its portfolio in Linear Technology Corporation (NASDAQ:LLTC). State Of Wisconsin Board has 130,576 shares for 0.02% of their US portfolio. Winton Grp Ltd holds 0.27% or 347,264 shares in its portfolio. Alps Advisors Incorporated reported 9,088 shares or 0% of all its holdings. Epoch Prns last reported 0.02% of its portfolio in the stock. Ls Advsr Ltd, a Michigan-based fund reported 13,425 shares.

Insider Transactions: Since October 25, 2016, the stock had 0 buys, and 9 sales for $22.67 million net activity. 9,998 shares were sold by PAULUS DONALD E, worth $602,399. The insider Soule Erik M. sold 15,810 shares worth $984,963. DOBKIN ROBERT C sold 25,000 shares worth $1.50M. QUARLES DAVID A sold $180,681 worth of Linear Technology Corporation (NASDAQ:LLTC) on Tuesday, October 25. SWANSON ROBERT H JR sold 20,598 shares worth $1.24 million. $106,637 worth of Linear Technology Corporation (NASDAQ:LLTC) was sold by Pietkiewicz Steve. MAIER LOTHAR also sold $16.75M worth of Linear Technology Corporation (NASDAQ:LLTC) shares.

About 1.21M shares traded hands. Linear Technology Corporation (NASDAQ:LLTC) has risen 35.96% since April 25, 2016 and is uptrending. It has outperformed by 29.95% 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 $15.07 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 30.77 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 EPS, up 8.00% or $0.04 from last year’s $0.5 per share. LLTC’s profit will be $130.31M for 28.91 P/E if the $0.54 EPS becomes a reality. After $0.53 actual EPS reported by Linear Technology Corporation for the previous quarter, Wall Street now forecasts 1.89% EPS growth.

More recent Linear Technology Corporation (NASDAQ:LLTC) news were published by: Nytimes.com which released: “Semiconductor Industry Shrinks Some More With Latest Deal” on July 27, 2016. Also Nasdaq.com published the news titled: “Linear Technology Corporation (LLTC) Ex-Dividend Date Scheduled for November ..” on November 15, 2016. Businesswire.com‘s news article titled: “Linear Technology Stockholders Approve Merger Agreement With Analog Devices” with publication date: October 18, 2016 was also an interesting one.

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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