The Bbva Compass Bancshares Inc. Acquires 15,638 Shares of Linear Technology Corp. (LLTC)

The Bbva Compass Bancshares Inc. Acquires 15,638 Shares of Linear Technology Corp. (LLTC)

Bbva Compass Bancshares Inc. raised its position in shares of Linear Technology Corp. (NASDAQ:LLTC) by 74.0% during the second quarter, Holdings Channel reports. The fund owned 36,784 shares of the company’s stock after buying an additional 15,638 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Linear Technology Corp. were worth $1,711,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LLTC. Wellington Management Group LLP boosted its stake in shares of Linear Technology Corp. by 99.8% in the first quarter. Wellington Management Group LLP now owns 5,496,815 shares of the company’s stock worth $244,937,000 after buying an additional 2,745,797 shares during the period. Bank of Montreal Can bought a new stake in shares of Linear Technology Corp. during the second quarter worth approximately $45,508,000. Cooke & Bieler LP boosted its stake in shares of Linear Technology Corp. by 22.2% in the second quarter. Cooke & Bieler LP now owns 1,598,999 shares of the company’s stock worth $74,401,000 after buying an additional 290,675 shares during the period. DNB Asset Management AS boosted its stake in shares of Linear Technology Corp. by 1,547.1% in the second quarter. DNB Asset Management AS now owns 285,502 shares of the company’s stock worth $13,284,000 after buying an additional 268,168 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its stake in shares of Linear Technology Corp. by 14,291.6% in the second quarter. NN Investment Partners Holdings N.V. now owns 258,473 shares of the company’s stock worth $12,028,000 after buying an additional 256,677 shares during the period. Institutional investors own 92.45% of the company’s stock.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.56% during midday trading on Friday, hitting $59.08. The stock had a trading volume of 1,165,906 shares. The stock has a market capitalization of $14.16 billion, a PE ratio of 29.25 and a beta of 1.24. The stock’s 50-day moving average is $58.79 and its 200-day moving average is $51.25. Linear Technology Corp. has a 1-year low of $37.33 and a 1-year high of $64.42.

Linear Technology Corp. (NASDAQ:LLTC) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Linear Technology Corp. had a return on equity of 29.64% and a net margin of 34.72%. The firm had revenue of $373.77 million for the quarter, compared to analyst estimates of $373.91 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Linear Technology Corp. will post $2.18 EPS for the current fiscal year.

LLTC has been the subject of a number of recent analyst reports. Zacks Investment Research cut Linear Technology Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Raymond James Financial Inc. raised Linear Technology Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Morgan Stanley cut Linear Technology Corp. from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $51.00 to $64.00 in a research note on Wednesday, July 27th. Drexel Hamilton reaffirmed a “hold” rating on shares of Linear Technology Corp. in a research note on Wednesday, July 27th. Finally, Citigroup Inc. raised Linear Technology Corp. from a “sell” rating to a “neutral” rating and upped their price target for the company from $37.00 to $62.00 in a research note on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Linear Technology Corp. presently has an average rating of “Hold” and an average price target of $53.86.

About Linear Technology Corp.

Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits. The Company produces power management, data conversion, signal conditioning, radio frequency (RF) and interface integrated circuits (ICs) and wireless sensor network products, among others.

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