Fcm Investmentstx buys $5,609,950 stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Fcm Investmentstx scooped up 27,144 additional shares in Linear Technology Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 116,124 shares of Linear Technology Corporation which is valued at $5,609,950.Linear Technology Corporation makes up approximately 3.23% of Fcm Investmentstx’s portfolio.

Other Hedge Funds, Including , Boston Common Asset Management boosted its stake in LLTC in the latest quarter, The investment management firm added 1,660 additional shares and now holds a total of 15,405 shares of Linear Technology Corporation which is valued at $749,607. Linear Technology Corporation makes up approx 0.11% of Boston Common Asset Management’s portfolio.Capital One National Association reduced its stake in LLTC by selling 2,395 shares or 13.74% in the most recent quarter. The Hedge Fund company now holds 15,036 shares of LLTC which is valued at $731,652. Linear Technology Corporation makes up approx 0.06% of Capital One National Association’s portfolio.

Linear Technology Corporation opened for trading at $48.36 and hit $48.91 on the upside on Wednesday, eventually ending the session at $48.66, with a gain of 0.64% or 0.31 points. The heightened volatility saw the trading volume jump to 19,83,860 shares. Company has a market cap of $11,635 M.

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. Goldman Initiated Linear Technology Corporation on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $46.Credit Agricole Initiated Linear Technology Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $45.

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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