Linear Technology Corporation (LLTC) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. LLTC reported $0.53 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.54. The company posted revenue of $373.90 million in the period, compared to analysts expectations of $377.22 million. LLTC’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Many Wall Street Analysts have commented on Linear Technology Corporation. Linear Technology Corporation was Upgraded by Raymond James to ” Mkt Perform” on Jul 27, 2016. Linear Technology Corporation was Upgraded by Citigroup to ” Neutral” on Jul 27, 2016. Linear Technology Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 27, 2016.
Linear Technology Corporation opened for trading at $58.91 and hit $59.29 on the upside on Friday, eventually ending the session at $59.09, with a gain of 0.58% or 0.34 points. The heightened volatility saw the trading volume jump to 20,74,315 shares. Company has a market cap of $14,165 M.
In a different news, on Apr 25, 2016, V Paul Chantalat (VP of Quality & Reliability) sold 15,000 shares at $45.91 per share price. According to the SEC, on Apr 22, 2016, David A Quarles (VP INTERNATIONAL SALES) sold 2,000 shares at $46.17 per share price. On Feb 25, 2016, Robert C Dobkin (VP of Engineering and CTO) sold 24,539 shares at $43.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Linear Technology Corporation (Linear Technology) 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.