World Asset Management Inc increased its position in Linear Technology Co. (NASDAQ:LLTC) by 2.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,099 shares of the company’s stock after buying an additional 735 shares during the period. World Asset Management Inc’s holdings in Linear Technology were worth $1,109,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LLTC. Assetmark acquired a new position in Linear Technology during the third quarter worth approximately $0. Hermes Investment Management Ltd. raised its position in shares of Linear Technology by 13.2% in the fourth quarter. Hermes Investment Management Ltd. now owns 7,243 shares of the company’s stock valued at $308,000 after buying an additional 843 shares in the last quarter. Atlas Brown Inc. raised its position in shares of Linear Technology by 11.7% in the fourth quarter. Atlas Brown Inc. now owns 7,968 shares of the company’s stock valued at $328,000 after buying an additional 835 shares in the last quarter. EisnerAmper Wealth Management raised its position in shares of Linear Technology by 6.2% in the fourth quarter. EisnerAmper Wealth Management now owns 17,033 shares of the company’s stock valued at $723,000 after buying an additional 989 shares in the last quarter. Finally, Woodstock raised its position in shares of Linear Technology by 11.0% in the fourth quarter. Woodstock now owns 21,925 shares of the company’s stock valued at $931,000 after buying an additional 2,175 shares in the last quarter.

Shares of Linear Technology Co. (NASDAQ:LLTC) traded down 1.18% during mid-day trading on Monday, reaching $43.71. 1,098,051 shares of the company’s stock were exchanged. The firm has a market cap of $10.46 billion and a P/E ratio of 21.43. The company has a 50 day moving average price of $42.38 and a 200 day moving average price of $42.41. Linear Technology Co. has a 52-week low of $36.41 and a 52-week high of $48.74.

Linear Technology (NASDAQ:LLTC) last released its earnings results on Tuesday, January 19th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.04. The company earned $347.10 million during the quarter. The firm’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Analysts forecast that Linear Technology Co. will post $1.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 24th. Investors of record on Friday, February 12th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.89%. This is an increase from Linear Technology’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, February 10th.

Several equities research analysts have recently weighed in on the company. B. Riley reiterated a “neutral” rating and issued a $44.00 price objective on shares of Linear Technology in a research note on Monday, January 25th. Zacks Investment Researchcut shares of Linear Technology from a “hold” rating to a “sell” rating in a research report on Monday, January 11th. Oppenheimer reiterated an “outperform” rating and set a $55.00 target price on shares of Linear Technology in a research report on Wednesday, January 20th. Nomura upped their target price on shares of Linear Technology from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, January 21st. Finally, SunTrust dropped their target price on shares of Linear Technology from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $44.60.

In other news, VP Robert C. Dobkin sold 24,539 shares of the stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $43.10, for a total value of $1,057,630.90. Following the transaction, the vice president now owns 182,142 shares of the company’s stock, valued at approximately $7,850,320.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David A. Quarles sold 3,000 shares of the stock in a transaction on Monday, February 29th. The stock was sold at an average price of $43.84, for a total transaction of $131,520.00. Following the completion of the transaction, the vice president now directly owns 47,013 shares in the company, valued at approximately $2,061,049.92. The disclosure for this sale can be found here.

Linear Technology Corporation (NASDAQ:LLTC) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products.