Marble Harbor Investment Counsel Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : Marble Harbor Investment Counsel reduced its stake in Linear Technology Corporation by 5.06% during the most recent quarter end. The investment management company now holds a total of 181,818 shares of Linear Technology Corporation which is valued at $10,703,626 after selling 9,692 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Linear Technology Corporation makes up approximately 2.57% of Marble Harbor Investment Counsel’s portfolio.

Other Hedge Funds, Including , Ropes Wealth Advisors added LLTC to its portfolio by purchasing 83 company shares during the most recent quarter which is valued at $4,886.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in LLTC by selling 15,442 shares or 16.82% in the most recent quarter. The Hedge Fund company now holds 76,379 shares of LLTC which is valued at $4,523,164. Linear Technology Corporation makes up approx 0.06% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Capital Fund Management S.a. boosted its stake in LLTC in the latest quarter, The investment management firm added 181,743 additional shares and now holds a total of 209,109 shares of Linear Technology Corporation which is valued at $12,385,526. Linear Technology Corporation makes up approx 0.21% of Capital Fund Management S.a.’s portfolio.Huntington National Bank reduced its stake in LLTC by selling 3,972 shares or 60.22% in the most recent quarter. The Hedge Fund company now holds 2,624 shares of LLTC which is valued at $155,420.

Linear Technology Corporation opened for trading at $58.94 and hit $59 on the upside on Monday, eventually ending the session at $58.97, with a gain of 0.32% or 0.19 points. The heightened volatility saw the trading volume jump to 25,18,740 shares. Company has a market cap of $14,132 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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