Fcm Investmentstx Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Fcm Investmentstx reduced its stake in Linear Technology Corporation by 7.0% during the most recent quarter end. The investment management company now holds a total of 88,980 shares of Linear Technology Corporation which is valued at $3,957,830 after selling 6,700 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Linear Technology Corporation makes up approximately 2.14% of Fcm Investmentstx’s portfolio.

Linear Technology Corporation opened for trading at $44.46 and hit $44.923 on the upside on Monday, eventually ending the session at $44.86, with a gain of 0.85% or 0.38 points. The heightened volatility saw the trading volume jump to 20,87,485 shares. Company has a market cap of $10,737 M.

Other Hedge Funds, Including , Jfs Wealth Advisors added LLTC to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $623.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.Capital One National Association reduced its stake in LLTC by selling 1,203 shares or 6.46% in the most recent quarter. The Hedge Fund company now holds 17,431 shares of LLTC which is valued at $808,450. Linear Technology Corporation makes up approx 0.07% of Capital One National Association’s portfolio.Gateway Investment Advisers reduced its stake in LLTC by selling 74,884 shares or 13.35% in the most recent quarter. The Hedge Fund company now holds 486,002 shares of LLTC which is valued at $22,540,773. Linear Technology Corporation makes up approx 0.19% of Gateway Investment Advisers’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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