Linear Technology Corporation (LLTC) : Mcqueen Ball Associates reduced its stake in Linear Technology Corporation by 0.28% during the most recent quarter end. The investment management company now holds a total of 37,866 shares of Linear Technology Corporation which is valued at $2,255,678 after selling 105 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Linear Technology Corporation makes up approximately 1.55% of Mcqueen Ball Associates’s portfolio.
Other Hedge Funds, Including , Telemus Capital added LLTC to its portfolio by purchasing 3,660 company shares during the most recent quarter which is valued at $218,026. Linear Technology Corporation makes up approx 0.02% of Telemus Capital’s portfolio.West Oak Capital reduced its stake in LLTC by selling 660 shares or 3.09% in the most recent quarter. The Hedge Fund company now holds 20,665 shares of LLTC which is valued at $1,231,014. Linear Technology Corporation makes up approx 0.85% of West Oak Capital’s portfolio.Washington Trust Bank boosted its stake in LLTC in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 38 shares of Linear Technology Corporation which is valued at $2,264.
Linear Technology Corporation opened for trading at $59.29 and hit $59.53 on the upside on Tuesday, eventually ending the session at $59.42, with a gain of 0.17% or 0.1 points. The heightened volatility saw the trading volume jump to 16,10,180 shares. Company has a market cap of $14,244 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.