R.m.sincerbeaux Capital Management buys $3.7 Million stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : R.m.sincerbeaux Capital Management scooped up 400 additional shares in Linear Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 85,060 shares of Linear Technology Corporation which is valued at $3.7 Million.Linear Technology Corporation makes up approximately 3.90% of R.m.sincerbeaux Capital Management’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates boosted its stake in LLTC in the latest quarter, The investment management firm added 176,317 additional shares and now holds a total of 481,674 shares of Linear Technology Corporation which is valued at $21.2 Million. Linear Technology Corporation makes up approx 0.03% of Parametric Portfolio Associates’s portfolio.New York State Common Retirement Fund boosted its stake in LLTC in the latest quarter, The investment management firm added 104,800 additional shares and now holds a total of 1,704,941 shares of Linear Technology Corporation which is valued at $75.5 Million. Linear Technology Corporation makes up approx 0.12% of New York State Common Retirement Fund’s portfolio.Arga Investment Management Lp boosted its stake in LLTC in the latest quarter, The investment management firm added 73,700 additional shares and now holds a total of 98,500 shares of Linear Technology Corporation which is valued at $4.4 Million. Linear Technology Corporation makes up approx 1.52% of Arga Investment Management Lp’s portfolio.State Of Wisconsin Investment Board reduced its stake in LLTC by selling 7,010 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 170,366 shares of LLTC which is valued at $7.5 Million. Linear Technology Corporation makes up approx 0.03% of State Of Wisconsin Investment Board’s portfolio.Alliance Trust Plc reduced its stake in LLTC by selling 30,400 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 1,433,900 shares of LLTC which is valued at $63.5 Million. Linear Technology Corporation makes up approx 3.06% of Alliance Trust Plc’s portfolio.

Linear Technology Corporation closed down -0.19 points or -0.40% at $46.8 with 18,10,113 shares getting traded on Wednesday. Post opening the session at $46.98, the shares hit an intraday low of $46.73 and an intraday high of $47.23 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. Credit Agricole Initiated Linear Technology Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $45.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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