Insider Reported By SEC: Robert Dobkin an Insider in Linear Technology Corporation (NASDAQ:LLTC) Sold 38,828 Shares of the Company

November 29, 2016 - By Louis Casey

Insider Reported By SEC: Robert Dobkin an Insider in Linear Technology Corporation (NASDAQ:LLTC) Sold 38,828 Shares of the Company

Robert Dobkin Insider Sell

The insider, and Linear Technology Corp’s VP of Engineering and CTO, Robert Dobkin, unloaded 38,828 company shares on November 29, 2016, with market value of approximately $2,461,385 (at $63.4 of a share). This is not his first insider trade, in the last month, he unloaded another 75,245 shares worth $4,630,577 USD. A filing documented published November 29, 2016 with the SEC, disclosed here, shows additional information about the sale. Currently, Mr. Robert, holds 374,944 shares, which accounts for 0.16% of Linear Technology Corp’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 -23.69% below today’s ($62.57) stock price. Linear Technology Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, July 27. The firm has “Outperform” rating given on Thursday, July 23 by Oppenheimer. Citigroup upgraded the stock to “Neutral” rating in Wednesday, July 27 report. On Wednesday, July 22 the stock rating was downgraded by Drexel Hamilton to “Hold”. The rating was upgraded by Pacific Crest on Wednesday, July 27 to “Sector Weight”. The stock of Linear Technology Corporation (NASDAQ:LLTC) earned “Underperform” rating by CLSA on Tuesday, May 17. The company was downgraded on Wednesday, July 27 by Morgan Stanley. The firm earned “Neutral” rating on Thursday, June 2 by Goldman Sachs.

Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. 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.

Ny State Common Retirement Fund holds 0.12% of its portfolio in Linear Technology Corporation (NASDAQ:LLTC) for 1.82 million shares. Alexandria Ltd Co has 56,788 shares for 0.47% of their US portfolio. Commonwealth Of Pennsylvania School Empls Retrmt accumulated 19,144 shares or 0.02% of the stock. Paradigm Asset Management Ltd Liability Corporation has 11,450 shares for 0% of their US portfolio. Intact Inv Management accumulated 0.01% or 4,800 shares. Teachers Retirement System Of The State Of Kentucky accumulated 0.02% or 27,700 shares. Amalgamated Bankshares accumulated 0.05% or 15,912 shares. Rothschild Asset Mngmt reported 8,749 shares or 0.01% of all its holdings. Sandy Spring Savings Bank accumulated 250 shares or 0% of the stock. Lord Abbett And Limited Liability Com last reported 0.02% of its portfolio in the stock. Shell Asset has 18,397 shares for 0.02% of their US portfolio. Invesco Ltd last reported 6.79 million shares in the company. Mitsubishi Ufj Securities Comm has 170 shares for 0.01% of their US portfolio. Gam Holding Ag holds 0.04% of its portfolio in Linear Technology Corporation (NASDAQ:LLTC) for 53,744 shares. Swiss Natl Bank owns 670,799 shares or 0.05% of their US portfolio.

Insider Transactions: Since October 25, 2016, the stock had 0 insider purchases, and 10 insider sales for $25.79 million net activity. MAIER LOTHAR sold $16.75 million worth of stock or 274,642 shares. Shares for $1.24 million were sold by SWANSON ROBERT H JR on Friday, October 28. The insider DOBKIN ROBERT C sold 25,000 shares worth $1.50M. PAULUS DONALD E sold $602,399 worth of Linear Technology Corporation (NASDAQ:LLTC) on Tuesday, October 25. 15,810 Linear Technology Corporation (NASDAQ:LLTC) shares with value of $984,963 were sold by Soule Erik M. Pietkiewicz Steve had sold 1,770 shares worth $106,637 on Monday, November 21. QUARLES DAVID A sold $180,681 worth of Linear Technology Corporation (NASDAQ:LLTC) on Tuesday, October 25.

The stock increased 0.21% or $0.13 during the last trading session, hitting $62.57. About 2.78 million shares traded hands. Linear Technology Corporation (NASDAQ:LLTC) has risen 35.86% since April 26, 2016 and is uptrending. It has outperformed by 30.60% 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 $15.03 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 30.84 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 $129.71 million for 28.97 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 news for Linear Technology Corporation (NASDAQ:LLTC) were recently published by: Nytimes.com, which released: “Semiconductor Industry Shrinks Some More With Latest Deal” on July 27, 2016. Nasdaq.com‘s article titled: “Linear Technology Corporation (LLTC) Ex-Dividend Date Scheduled for November ..” and published on November 15, 2016 is yet another important article.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>