Armstrong Henry H Associates Inc buys $56,939,043 stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Armstrong Henry H Associates Inc scooped up 3,016 additional shares in Linear Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 961,321 shares of Linear Technology Corporation which is valued at $56,939,043.Linear Technology Corporation makes up approximately 10.93% of Armstrong Henry H Associates Inc’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in LLTC in the latest quarter, The investment management firm added 1,388 additional shares and now holds a total of 16,590 shares of Linear Technology Corporation which is valued at $982,626.New York State Teachers Retirement System reduced its stake in LLTC by selling 24 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 392,000 shares of LLTC which is valued at $18,937,520. Linear Technology Corporation makes up approx 0.05% of New York State Teachers Retirement System’s portfolio. Cutler Group Lp sold out all of its stake in LLTC during the most recent quarter. The investment firm sold 160 shares of LLTC which is valued $7,714.First Financial Bank N.a. – Trust Division boosted its stake in LLTC in the latest quarter, The investment management firm added 5,312 additional shares and now holds a total of 52,219 shares of Linear Technology Corporation which is valued at $2,366,043. Linear Technology Corporation makes up approx 0.46% of First Financial Bank N.a. – Trust Division’s portfolio.

Linear Technology Corporation closed down -0.51 points or -0.84% at $59.99 with 26,84,055 shares getting traded on Friday. Post opening the session at $60.16, the shares hit an intraday low of $59.735 and an intraday high of $60.4 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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