Linear Technology Corporation (LLTC) : Thompson Investment Management reduced its stake in Linear Technology Corporation by 0.82% during the most recent quarter end. The investment management company now holds a total of 90,325 shares of Linear Technology Corporation which is valued at $5,349,047 after selling 743 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Linear Technology Corporation makes up approximately 1.05% of Thompson Investment Management’s portfolio.
Other Hedge Funds, Including , Ngam Advisors boosted its stake in LLTC in the latest quarter, The investment management firm added 1,189 additional shares and now holds a total of 36,395 shares of Linear Technology Corporation which is valued at $2,155,312. Linear Technology Corporation makes up approx 0.03% of Ngam Advisors’s portfolio.Eliot Finkel Investment Counsel reduced its stake in LLTC by selling 2,700 shares or 3.02% in the most recent quarter. The Hedge Fund company now holds 86,815 shares of LLTC which is valued at $5,208,032. Linear Technology Corporation makes up approx 4.45% of Eliot Finkel Investment Counsel’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in LLTC by selling 524 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 7,631 shares of LLTC which is valued at $451,984. Linear Technology Corporation makes up approx 0.05% of Tokio Marine Asset Management Co Ltd’s portfolio.Papp L Roy Associates boosted its stake in LLTC in the latest quarter, The investment management firm added 3,050 additional shares and now holds a total of 32,324 shares of Linear Technology Corporation which is valued at $1,914,551. Linear Technology Corporation makes up approx 0.44% of Papp L Roy Associates’s portfolio.
Linear Technology Corporation closed down -0.1 points or -0.17% at $59.12 with 26,82,793 shares getting traded on Thursday. Post opening the session at $59.17, the shares hit an intraday low of $59.01 and an intraday high of $59.36 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.