R.m.sincerbeaux Capital Management Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : R.m.sincerbeaux Capital Management reduced its stake in Linear Technology Corporation by 0.47% during the most recent quarter end. The investment management company now holds a total of 84,660 shares of Linear Technology Corporation which is valued at $4,983,934 after selling 400 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Linear Technology Corporation makes up approximately 4.79% of R.m.sincerbeaux Capital Management’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc added LLTC to its portfolio by purchasing 7,567 company shares during the most recent quarter which is valued at $445,469. Linear Technology Corporation makes up approx 0.01% of Oppenheimer Co Inc’s portfolio. Charter Trust Co added LLTC to its portfolio by purchasing 10,478 company shares during the most recent quarter which is valued at $509,859. Linear Technology Corporation makes up approx 0.06% of Charter Trust Co’s portfolio.Catawba Capital Management Va boosted its stake in LLTC in the latest quarter, The investment management firm added 503 additional shares and now holds a total of 8,983 shares of Linear Technology Corporation which is valued at $437,113. Linear Technology Corporation makes up approx 0.10% of Catawba Capital Management Va’s portfolio.Creative Planning boosted its stake in LLTC in the latest quarter, The investment management firm added 1,099 additional shares and now holds a total of 15,829 shares of Linear Technology Corporation which is valued at $763,116. Linear Technology Corporation makes up approx 0.01% of Creative Planning’s portfolio.

Linear Technology Corporation opened for trading at $58.94 and hit $59 on the upside on Monday, eventually ending the session at $58.97, with a gain of 0.32% or 0.19 points. The heightened volatility saw the trading volume jump to 25,18,740 shares. Company has a market cap of $14,132 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.

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