Linear Technology Corporation (NASDAQ:LLTC) stock is currently trading at about $47.79 and lots of rating firms seem to have a target price set on the stock. The median 12-month price target of 17 analysts covering the company is $45.00, which suggests the stock could still gain more than -6 percent. The highest analyst price target is $55.00, which implies a gain of 85 percent. And roundups of analyst notes show that 1 are rating the stock a buy while 3 rate LLTC a strong buy. There are 13 equity research firms suggesting a Hold and 1 consider it Sell.
Goldman issued their verdict on Linear Technology Corporation (NASDAQ:LLTC) recently. The rating firm gave a Neutral rating to this stock in a research note on Jun 2, 2016.Credit Agricole analysts issued their verdict on Linear Technology Corporation (NASDAQ:LLTC) recently. The rating firm gave a Underperform rating to this stock in a research note on May 17, 2016. According to a research note published on Mar 1, 2016, analysts at BofA/Merrill have lowered their rating on the company stock from Neutral to Underperform.
Linear Technology Corporation (NASDAQ:LLTC) Insider Activity
Several executives took part in recent insider activity for the stock. Its VP of Quality & Reliability CHANTALAT V PAUL sold 15,000 company shares for $688000.65, in a transaction on 2016-04-25. Following the transaction, the VP of Quality & Reliability is left with a stake of 63,255 shares, currently valued at $3022956. Meanwhile, VP INTERNATIONAL SALES QUARLES DAVID A sold 2,000 shares worth $92000.34, through a transaction dated 2016-04-22. Following the completion of the transaction, the insider is left with a stake of 65,013 shares, amounting $3106971. LLTC VP INTERNATIONAL SALES QUARLES DAVID A also sold 3,000 shares, at a stock price of $43.84. This transaction occurred on 2016-02-29 totals $131000.52. After this transaction, the insider’s stake stands at 47,013 shares, with a market value of $2246751
Insiders own 6% percent of the stock. COGHLAN PAUL is one of the largest insider shareholders in Linear Technology Corporation (NASDAQ:LLTC) , according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 493,504 shares which have current market value of around $23584556.DOBKIN ROBERT C is another major inside shareholder in the company. The insider owns 182,142 shares as of Feb 23, 2016, currently worth $8704566. MAIER LOTHAR is ranked as third insider holder of the stock. This insider holds 435,338 shares with a market value around $20804803 as of recent close.
Linear Technology Corporation (NASDAQ:LLTC) Earnings Overview
In Linear Technology Corporation (NASDAQ:LLTC) ‘s most recent quarter, EPS moved to $0.52 from $0.46 in prior quarter and revenues reached at $361.12M versus $347.13M. Analysts had expected Linear Technology Corporation (NASDAQ:LLTC) to report earnings of about $0.50 per share on $359.31M in revenue. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.53 and $0.61. That is compared with the $0.54 in earnings per share it reported during the same period last year.
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