Linear Technology Corporation (LLTC) : Marathon Asset Management Llp scooped up 136,316 additional shares in Linear Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 2,960,237 shares of Linear Technology Corporation which is valued at $137,295,792.Linear Technology Corporation makes up approximately 2.97% of Marathon Asset Management Llp’s portfolio.
Linear Technology Corporation opened for trading at $46.31 and hit $46.81 on the upside on Friday, eventually ending the session at $46.38, with a gain of 0.11% or 0.05 points. The heightened volatility saw the trading volume jump to 24,81,350 shares. Company has a market cap of $11,101 M.
Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in LLTC by selling 300 shares or 59.06% in the most recent quarter. The Hedge Fund company now holds 208 shares of LLTC which is valued at $9,647.Acadian Asset Management boosted its stake in LLTC in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 133 shares of Linear Technology Corporation which is valued at $5,977.Lenox Wealth Advisors reduced its stake in LLTC by selling 90 shares or 10.06% in the most recent quarter. The Hedge Fund company now holds 805 shares of LLTC which is valued at $36,177. Linear Technology Corporation makes up approx 0.01% of Lenox Wealth Advisors’s portfolio.West Oak Capital reduced its stake in LLTC by selling 2,280 shares or 9.39% in the most recent quarter. The Hedge Fund company now holds 22,005 shares of LLTC which is valued at $975,922. Linear Technology Corporation makes up approx 0.76% of West Oak Capital’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.