First Allied Advisory Services Lowers stake in Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : First Allied Advisory Services reduced its stake in Linear Technology Corporation by 5.13% during the most recent quarter end. The investment management company now holds a total of 112,919 shares of Linear Technology Corporation which is valued at $6,637,379 after selling 6,103 shares in Linear Technology Corporation , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Linear Technology Corporation makes up approximately 0.36% of First Allied Advisory Services’s portfolio.

Other Hedge Funds, Including , Criterion Capital Management reduced its stake in LLTC by selling 87,571 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 1,549,467 shares of LLTC which is valued at $91,077,670. Linear Technology Corporation makes up approx 4.13% of Criterion Capital Management’s portfolio.Rowland Co Investment Counseladv boosted its stake in LLTC in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 11,244 shares of Linear Technology Corporation which is valued at $660,922. Linear Technology Corporation makes up approx 0.30% of Rowland Co Investment Counseladv’s portfolio.Janney Montgomery Scott boosted its stake in LLTC in the latest quarter, The investment management firm added 46,727 additional shares and now holds a total of 131,144 shares of Linear Technology Corporation which is valued at $7,728,316. Linear Technology Corporation makes up approx 0.12% of Janney Montgomery Scott’s portfolio.Schaper Benz Wise Investment Counsel Incwi boosted its stake in LLTC in the latest quarter, The investment management firm added 3,015 additional shares and now holds a total of 305,788 shares of Linear Technology Corporation which is valued at $18,108,765. Linear Technology Corporation makes up approx 3.18% of Schaper Benz Wise Investment Counsel Incwi’s portfolio.Rice Hall James Associates reduced its stake in LLTC by selling 981 shares or 1.95% in the most recent quarter. The Hedge Fund company now holds 49,243 shares of LLTC which is valued at $2,916,663. Linear Technology Corporation makes up approx 0.16% of Rice Hall James Associates’s portfolio.

Linear Technology Corporation opened for trading at $58.38 and hit $58.69 on the upside on Thursday, eventually ending the session at $58.66, with a gain of 0.72% or 0.42 points. The heightened volatility saw the trading volume jump to 14,16,882 shares. Company has a market cap of $14,062 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.

Leave a Reply

Linear Technology Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Linear Technology Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.