Paloma Partners Management Co buys $14,559,595 stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Paloma Partners Management Co scooped up 201,212 additional shares in Linear Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 240,297 shares of Linear Technology Corporation which is valued at $14,559,595.Linear Technology Corporation makes up approximately 0.61% of Paloma Partners Management Co’s portfolio.

Other Hedge Funds, Including , Aberdeen Asset Management Plcuk reduced its stake in LLTC by selling 22 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 44,168 shares of LLTC which is valued at $2,676,139. Linear Technology Corporation makes up approx 0.01% of Aberdeen Asset Management Plcuk’s portfolio.Wilkins Investment Counsel Inc reduced its stake in LLTC by selling 455 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 149,580 shares of LLTC which is valued at $8,944,884. Linear Technology Corporation makes up approx 2.46% of Wilkins Investment Counsel Inc’s portfolio.Blackrock Fund Advisors reduced its stake in LLTC by selling 181,778 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 4,240,288 shares of LLTC which is valued at $254,247,668. Linear Technology Corporation makes up approx 0.05% of Blackrock Fund Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in LLTC by selling 1,631 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 46,759 shares of LLTC which is valued at $2,794,318. Linear Technology Corporation makes up approx 0.02% of Public Employees Retirement Association Of Colorado’s portfolio.Strs Ohio reduced its stake in LLTC by selling 2,662 shares or 16.05% in the most recent quarter. The Hedge Fund company now holds 13,928 shares of LLTC which is valued at $838,744.

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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