Valley National Advisers Inc Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Valley National Advisers Inc reduced its stake in Linear Technology Corporation by 1.21% during the most recent quarter end. The investment management company now holds a total of 58,088 shares of Linear Technology Corporation which is valued at $3,414,413 after selling 711 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Linear Technology Corporation makes up approximately 1.72% of Valley National Advisers Inc’s portfolio.

Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in LLTC in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 16,438 shares of Linear Technology Corporation which is valued at $966,226. Linear Technology Corporation makes up approx 0.03% of Liberty Mutual Group Asset Management’s portfolio.Ironwood Investment Counsel reduced its stake in LLTC by selling 625 shares or 8.87% in the most recent quarter. The Hedge Fund company now holds 6,425 shares of LLTC which is valued at $377,662. Linear Technology Corporation makes up approx 0.22% of Ironwood Investment Counsel’s portfolio.Penserra Capital Management boosted its stake in LLTC in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 216 shares of Linear Technology Corporation which is valued at $12,716. Princeton Alpha Management Lp added LLTC to its portfolio by purchasing 25,612 company shares during the most recent quarter which is valued at $1,509,315. Linear Technology Corporation makes up approx 0.25% of Princeton Alpha Management Lp’s portfolio.World Asset Management Inc boosted its stake in LLTC in the latest quarter, The investment management firm added 263 additional shares and now holds a total of 23,422 shares of Linear Technology Corporation which is valued at $1,387,051. Linear Technology Corporation makes up approx 0.05% of World Asset Management Inc’s portfolio.

Linear Technology Corporation closed down -0.1 points or -0.17% at $58.44 with 16,90,861 shares getting traded on Monday. Post opening the session at $58.6, the shares hit an intraday low of $58.42 and an intraday high of $58.75 and the price fluctuated in this range throughout the day.Shares ended Monday 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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