Arrowgrass Capital Partners (us) Lp adds Linear Technology Corporation (LLTC) to its portfolio

Linear Technology Corporation (LLTC) : Arrowgrass Capital Partners (us) Lp added new position in Linear Technology Corporation during the most recent quarter end. The investment management firm now holds 523,829 shares of Linear Technology Corporation which is valued at $31,738,799 , the company said in a statement filed on Nov 14, 2016 with the SEC.Linear Technology Corporation makes up approximately 0.90% of Arrowgrass Capital Partners (us) Lp’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors added LLTC to its portfolio by purchasing 379 company shares during the most recent quarter which is valued at $22,964.New York State Teachers Retirement System reduced its stake in LLTC by selling 4,975 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 387,025 shares of LLTC which is valued at $23,144,095. Linear Technology Corporation makes up approx 0.06% of New York State Teachers Retirement System’s portfolio.New York State Common Retirement Fund reduced its stake in LLTC by selling 204,595 shares or 11.21% in the most recent quarter. The Hedge Fund company now holds 1,619,746 shares of LLTC which is valued at $97,119,970. Linear Technology Corporation makes up approx 0.14% of New York State Common Retirement Fund’s portfolio.State Of Wisconsin Investment Board boosted its stake in LLTC in the latest quarter, The investment management firm added 62,400 additional shares and now holds a total of 192,976 shares of Linear Technology Corporation which is valued at $11,557,333. Linear Technology Corporation makes up approx 0.05% of State Of Wisconsin Investment Board’s portfolio. Chicago Capital Management added LLTC to its portfolio by purchasing 310,000 company shares during the most recent quarter which is valued at $18,646,500. Linear Technology Corporation makes up approx 9.75% of Chicago Capital Management’s portfolio.

Linear Technology Corporation opened for trading at $60.46 and hit $61.01 on the upside on Monday, eventually ending the session at $61, with a gain of 0.31% or 0.19 points. The heightened volatility saw the trading volume jump to 18,08,224 shares. Company has a market cap of $14,662 M.

On the company’s financial health, Linear Technology Corporation reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Oct 18, 2016. Analyst had a consensus of $0.54. The company had revenue of $373.90 million for the quarter, compared to analysts expectations of $377.22 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

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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