Thompson Investment Management Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Thompson Investment Management reduced its stake in Linear Technology Corporation by 5.71% during the most recent quarter end. The investment management company now holds a total of 91,068 shares of Linear Technology Corporation which is valued at $4,223,734 after selling 5,515 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Linear Technology Corporation makes up approximately 0.87% of Thompson Investment Management’s portfolio.

Linear Technology Corporation opened for trading at $45.65 and hit $46.49 on the upside on Wednesday, eventually ending the session at $46.37, with a gain of 0.89% or 0.41 points. The heightened volatility saw the trading volume jump to 19,38,446 shares. Company has a market cap of $11,098 M.

Other Hedge Funds, Including , Schaper Benz Wise Investment Counsel Incwi boosted its stake in LLTC in the latest quarter, The investment management firm added 3,140 additional shares and now holds a total of 302,773 shares of Linear Technology Corporation which is valued at $14,042,612. Linear Technology Corporation makes up approx 2.59% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Dnb Asset Management As boosted its stake in LLTC in the latest quarter, The investment management firm added 6,700 additional shares and now holds a total of 17,334 shares of Linear Technology Corporation which is valued at $778,990. Linear Technology Corporation makes up approx 0.02% of Dnb Asset Management As’s portfolio.British Columbia Investment Management Corp boosted its stake in LLTC in the latest quarter, The investment management firm added 29,405 additional shares and now holds a total of 155,231 shares of Linear Technology Corporation which is valued at $6,884,495. Linear Technology Corporation makes up approx 0.07% of British Columbia Investment Management Corp’s portfolio. Catawba Capital Management Va added LLTC to its portfolio by purchasing 8,480 company shares during the most recent quarter which is valued at $376,088. Linear Technology Corporation makes up approx 0.10% of Catawba Capital Management Va’s portfolio.

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 Initiated by Drexel Hamilton to “Hold” on Mar 2, 2016. Linear Technology Corporation was Downgraded by BofA/Merrill to ” Underperform” on Mar 1, 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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