Linear Technology Corporation (LLTC) : Pdt Partners added new position in Linear Technology Corporation during the most recent quarter end. The investment management firm now holds 572,679 shares of Linear Technology Corporation which is valued at $33,662,072 , the company said in a statement filed on Aug 15, 2016 with the SEC.Linear Technology Corporation makes up approximately 1.96% of Pdt Partners’s portfolio.
Other Hedge Funds, Including , Cubist Systematic Strategies reduced its stake in LLTC by selling 21,446 shares or 62.9% in the most recent quarter. The Hedge Fund company now holds 12,652 shares of LLTC which is valued at $743,685. Linear Technology Corporation makes up approx 0.04% of Cubist Systematic Strategies’s portfolio.Allianz Asset Management Ag reduced its stake in LLTC by selling 131 shares or 2.1% in the most recent quarter. The Hedge Fund company now holds 6,100 shares of LLTC which is valued at $358,558. Kayne Anderson Rudnick Investment Management sold out all of its stake in LLTC during the most recent quarter. The investment firm sold 170,962 shares of LLTC which is valued $10,085,048.
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.