The VP of Finance and CFO of Linear Tech (NASDAQ: LLTC) is Selling Shares

By Carrie Williams

Today, the VP of Finance and CFO of Linear Tech (NASDAQ: LLTC), Donald Zerio, sold shares of LLTC for $132.3K.

In addition to Donald Zerio, 18 other LLTC executives reported Sell trades in the last month. Following Donald Zerio’s last LLTC Sell transaction on October 24, 2016, the stock climbed by 2.3%.

Based on Linear Tech’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $374 million and quarterly net profit of $115 million. In comparison, last year the company earned revenue of $342 million and had a net profit of $112 million. The company has a one year high of $64.42 and a one year low of $37.33. LLTC’s market cap is $14.89B and the company has a P/E ratio of 30.57.

Seven different firms, including Merrill Lynch and Citigroup, currently also have a Sell rating on the stock. Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $61.00, reflecting a 2.0% upside.

The insider sentiment on Linear Tech has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Donald Zerio’s trades have generated a -43.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

Linear Technology Corp. engages in the design, manufacture, and marketing of analog integrated circuits. It produces power management, data conversion, signal conditioning, RF and interface ICs, µModule subsystems, and wireless sensor network products. The company was founded by Robert C. Dobkin and Robert H. Swanson in September 1981 and is headquartered in Milpitas, CA.