Gratus Capital adds Linear Technology Corporation (LLTC) to its portfolio

Linear Technology Corporation (LLTC) : Gratus Capital added new position in Linear Technology Corporation during the most recent quarter end. The investment management firm now holds 90,211 shares of Linear Technology Corporation which is valued at $5,342,295 , the company said in a statement filed on Aug 3, 2016 with the SEC.Linear Technology Corporation makes up approximately 0.78% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , Utah Retirement Systems boosted its stake in LLTC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 43,427 shares of Linear Technology Corporation which is valued at $2,571,747. Linear Technology Corporation makes up approx 0.07% of Utah Retirement Systems’s portfolio.Nippon Life Insurance Co reduced its stake in LLTC by selling 11,973 shares or 31.14% in the most recent quarter. The Hedge Fund company now holds 26,482 shares of LLTC which is valued at $1,568,264. Linear Technology Corporation makes up approx 0.04% of Nippon Life Insurance Co’s portfolio.Advisory Services Network boosted its stake in LLTC in the latest quarter, The investment management firm added 26 additional shares and now holds a total of 1,530 shares of Linear Technology Corporation which is valued at $90,622. Linear Technology Corporation makes up approx 0.02% of Advisory Services Network’s portfolio.Checchi Capital Advisers reduced its stake in LLTC by selling 377 shares or 16.31% in the most recent quarter. The Hedge Fund company now holds 1,934 shares of LLTC which is valued at $93,432. Linear Technology Corporation makes up approx 0.02% of Checchi Capital Advisers’s portfolio.Gateway Investment Advisers boosted its stake in LLTC in the latest quarter, The investment management firm added 55,194 additional shares and now holds a total of 541,196 shares of Linear Technology Corporation which is valued at $26,091,059. Linear Technology Corporation makes up approx 0.22% of Gateway Investment Advisers’s portfolio.

Linear Technology Corporation opened for trading at $59.2 and hit $59.2 on the upside on Monday, eventually ending the session at $58.99, with a gain of 0.10% or 0.06 points. The heightened volatility saw the trading volume jump to 27,78,877 shares. Company has a market cap of $14,137 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. Linear Technology Corporation was Upgraded by Raymond James to ” Mkt Perform” on Jul 27, 2016. Linear Technology Corporation was Upgraded by Citigroup to ” Neutral” on Jul 27, 2016. Linear Technology Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 27, 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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