An insider at Linear Technology Corporation (NASDAQ:LLTC) completed a transaction today that resulted in the lowering of their exposure to the company. Vice President of International Sales David A. Quarles disposed of 3,558 shares of common stock at average prices ranging from $22.74 to $45.0865 per share through a series of transactions that began earlier in the week and was officially filed today, August 29th. Following these moves, Quarles holds a total of 53,180 shares directly with the corporation.
In addition, Linear Technology Corporation (NASDAQ:LLTC) is a $10.73 billion market cap company that is involved in designing, manufacturing and marketing a range of analog integrated circuits for companies globally. In addition, billionaire Jim Simons is betting on the corporation this quarter. His hedge fund, Renaissance Technologies, rose its activity by a reported 4% over the course of the last fiscal quarter, now holding about 11.7 million shares worth approximately $552.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.