Linear Technology Co. (NASDAQ:LLTC) announced a quarterly dividend on Tuesday, January 19th, MarketBeat.Com reports. Investors of record on Friday, February 12th will be given a dividend of 0.32 per share on Wednesday, February 24th. This represents a $1.28 dividend on an annualized basis and a yield of 3.23%. This is an increase from Linear Technology’s previous quarterly dividend of $0.30.

A number of analysts recently commented on LLTC shares. Jefferies Group boosted their price objective on shares of Linear Technology from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 15th. Oppenheimer reaffirmed a “buy” rating on shares of Linear Technology in a report on Tuesday, October 27th. Nomura reaffirmed a “hold” rating on shares of Linear Technology in a report on Saturday, November 14th. Zacks Investment Research raised shares of Linear Technology from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Finally, BMO Capital Markets upped their price target on shares of Linear Technology from $40.00 to $42.00 and gave the company a “market perform” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $43.60.

In other Linear Technology news, COO Alexander Mccann sold 28,000 shares of the firm’s stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $43.77, for a total transaction of $1,225,560.00. Following the transaction, the chief operating officer now owns 85,183 shares of the company’s stock, valued at approximately $3,728,459.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP David A. Quarles sold 2,500 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $46.22, for a total transaction of $115,550.00. Following the transaction, the vice president now directly owns 56,926 shares in the company, valued at approximately $2,631,119.72. The disclosure for this sale can be found here

Shares of Linear Technology (NASDAQ:LLTC) traded up 1.59% during trading on Tuesday, reaching $39.57. 4,337,868 shares of the company traded hands. The firm has a market capitalization of $9.46 billion and a PE ratio of 19.30. The firm has a 50-day moving average price of $42.81 and a 200-day moving average price of $42.29. Linear Technology has a 12 month low of $36.41 and a 12 month high of $49.57.

Linear Technology (NASDAQ:LLTC) last released its earnings results on Tuesday, January 19th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The company had revenue of $347.10 million for the quarter. During the same quarter last year, the firm posted $0.51 earnings per share. Equities research analysts anticipate that Linear Technology will post $1.93 EPS for the current year.

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. The Company produces a range of products for a variety of customers and markets. The Company’s SmartMesh IP and SmartMesh WirelessHART technology offers wireless network based solutions using low power electronic components, board level products with mesh networking and software addressing high level applications such as industrial process automation, data center energy management, building energy management, renewable energy monitoring, and transportation management systems.

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