Revenue Update on Linear Technology Corporation(NASDAQ:LLTC)

Linear Technology Corporation(NASDAQ:LLTC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $373.77M. Analysts estimated a revenue of $373.96M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.54.

In a different note, Goldman Sachs said it Initiates Coverage on Linear Technology Corporation, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Neutral’ by the firm. CLSA said it Initiates Coverage on Linear Technology Corporation, according to a research note issued on May 17, 2016. The shares have been rated ‘Underperform’ by the firm.

Linear Technology Corporation (LLTC) shares turned negative on Fridays trading session with the shares closing down -0.51 points or -0.84% at a volume of 26,84,055. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $60.4. The peak price level was also seen at $60.4 while the days lowest was $59.735. Finally the shares closed at $59.99. The 52-week high of the shares is $64.42 while the 52-week low is $36.41. According to the latest information available, the market cap of the company is $14,344 M.

Several Insider Transactions has been reported to the SEC. On Apr 25, 2016, V Paul Chantalat (VP of Quality & Reliability) sold 15,000 shares at $45.91 per share price.Also, 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.

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