Linear Technology Corporation (LLTC) : Renaissance Technologies reduced its stake in Linear Technology Corporation by 1.98% during the most recent quarter end. The investment management company now holds a total of 7,395,600 shares of Linear Technology Corporation which is valued at $434,713,368 after selling 149,500 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Linear Technology Corporation makes up approximately 0.80% of Renaissance Technologies’s portfolio.
Other Hedge Funds, Including , Lord Abbett added LLTC to its portfolio by purchasing 113,600 company shares during the most recent quarter which is valued at $6,677,408. Linear Technology Corporation makes up approx 0.02% of Lord Abbett’s portfolio.Credit Agricole S A boosted its stake in LLTC in the latest quarter, The investment management firm added 6,462 additional shares and now holds a total of 195,819 shares of Linear Technology Corporation which is valued at $11,510,241. Linear Technology Corporation makes up approx 0.04% of Credit Agricole S A’s portfolio.R.m.sincerbeaux Capital Management reduced its stake in LLTC by selling 400 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 84,660 shares of LLTC which is valued at $4,983,934. Linear Technology Corporation makes up approx 4.79% of R.m.sincerbeaux Capital Management’s portfolio. Gratus Capital added LLTC to its portfolio by purchasing 90,211 company shares during the most recent quarter which is valued at $5,342,295. Linear Technology Corporation makes up approx 0.78% of Gratus Capital’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh reduced its stake in LLTC by selling 120,695 shares or 63.51% in the most recent quarter. The Hedge Fund company now holds 69,339 shares of LLTC which is valued at $4,159,647. Linear Technology Corporation makes up approx 0.36% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.
Linear Technology Corporation closed down -0.1 points or -0.17% at $58.44 with 16,90,861 shares getting traded on Monday. Post opening the session at $58.6, the shares hit an intraday low of $58.42 and an intraday high of $58.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.