Findlay Park Partners Llp buys $163,422,507 stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Findlay Park Partners Llp scooped up 1,020,000 additional shares in Linear Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 2,780,240 shares of Linear Technology Corporation which is valued at $163,422,507.Linear Technology Corporation makes up approximately 1.80% of Findlay Park Partners Llp’s portfolio.

Other Hedge Funds, Including , Wilkins Investment Counsel Inc boosted its stake in LLTC in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 150,035 shares of Linear Technology Corporation which is valued at $8,819,057. Linear Technology Corporation makes up approx 2.38% of Wilkins Investment Counsel Inc’s portfolio.Hallmark Capital Management Inc boosted its stake in LLTC in the latest quarter, The investment management firm added 4,650 additional shares and now holds a total of 28,755 shares of Linear Technology Corporation which is valued at $1,694,532. Linear Technology Corporation makes up approx 0.25% of Hallmark Capital Management Inc’s portfolio.Papp L Roy Associates boosted its stake in LLTC in the latest quarter, The investment management firm added 3,050 additional shares and now holds a total of 32,324 shares of Linear Technology Corporation which is valued at $1,914,551. Linear Technology Corporation makes up approx 0.44% of Papp L Roy Associates’s portfolio.Capstone Asset Management Co boosted its stake in LLTC in the latest quarter, The investment management firm added 948 additional shares and now holds a total of 20,430 shares of Linear Technology Corporation which is valued at $984,930. Linear Technology Corporation makes up approx 0.03% of Capstone Asset Management Co’s portfolio.

Linear Technology Corporation closed down -0.02 points or -0.03% at $58.91 with 13,25,173 shares getting traded on Friday. Post opening the session at $58.79, the shares hit an intraday low of $58.74 and an intraday high of $59.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Linear Technology Corporation reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.50. The company had revenue of $361.10 million for the quarter, compared to analysts expectations of $359.29 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 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 (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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