Linear Technology Corporation (LLTC) : Integrated Investment Consultants reduced its stake in Linear Technology Corporation by 31.43% during the most recent quarter end. The investment management company now holds a total of 2,801 shares of Linear Technology Corporation which is valued at $165,511 after selling 1,284 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Linear Technology Corporation makes up approximately 0.08% of Integrated Investment Consultants’s portfolio.
Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in LLTC in the latest quarter, The investment management firm added 113 additional shares and now holds a total of 7,415 shares of Linear Technology Corporation which is valued at $438,152. Linear Technology Corporation makes up approx 0.04% of Reliance Trust Co Of Delaware’s portfolio. Atria Investments added LLTC to its portfolio by purchasing 4,050 company shares during the most recent quarter which is valued at $239,396. Linear Technology Corporation makes up approx 0.02% of Atria Investments’s portfolio.Naples Global Advisors reduced its stake in LLTC by selling 700 shares or 8.13% in the most recent quarter. The Hedge Fund company now holds 7,910 shares of LLTC which is valued at $470,645. Linear Technology Corporation makes up approx 0.19% of Naples Global Advisors’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in LLTC in the latest quarter, The investment management firm added 111,486 additional shares and now holds a total of 128,917 shares of Linear Technology Corporation which is valued at $7,679,586. Linear Technology Corporation makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.
Linear Technology Corporation opened for trading at $58.91 and hit $59.29 on the upside on Friday, eventually ending the session at $59.09, with a gain of 0.58% or 0.34 points. The heightened volatility saw the trading volume jump to 20,74,315 shares. Company has a market cap of $14,165 M.
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.