Pensionfund Sabic Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Pensionfund Sabic reduced its stake in Linear Technology Corporation by 10.81% during the most recent quarter end. The investment management company now holds a total of 33,000 shares of Linear Technology Corporation which is valued at $1.5 Million after selling 4,000 shares in Linear Technology Corporation according to a report filed by the company on Apr 4, 2016 with the SEC.Linear Technology Corporation makes up approximately 0.45% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in LLTC by selling 5,000 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 71,000 shares of LLTC which is valued at $3.1 Million. Linear Technology Corporation makes up approx 0.43% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Linear Technology Corporation reported $0.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 19, 2016. Analyst had a consensus of $0.45. The company had revenue of $347.10 million for the quarter, compared to analysts expectations of $346.88 million. The company’s revenue was down -1.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 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 opened for trading at $44.39 and hit $44.77 on the upside on Monday, eventually ending the session at $44.35, with a gain of 0.14% or 0.06 points. The heightened volatility saw the trading volume jump to 12,52,270 shares. Company has a market cap of $10,615 M.

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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