The Beck Mack & Oliver LLC decides to keep it stake in Linear Technology Corp. (LLTC) to the level of $1,696,000

The Beck Mack & Oliver LLC decides to keep it stake in Linear Technology Corp. (LLTC) to the level of $1,696,000

Beck Mack & Oliver LLC maintained its position in shares of Linear Technology Corp. (NASDAQ:LLTC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,450 shares of the company’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in Linear Technology Corp. were worth $1,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Linear Technology Corp. by 7.9% in the first quarter. Geode Capital Management LLC now owns 2,167,497 shares of the company’s stock worth $96,409,000 after buying an additional 158,288 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Linear Technology Corp. by 9.2% in the second quarter. Confluence Investment Management LLC now owns 1,365,972 shares of the company’s stock worth $63,559,000 after buying an additional 115,374 shares during the last quarter. Wellington Management Group LLP raised 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 last quarter. Armstrong Henry H Associates Inc. raised its stake in shares of Linear Technology Corp. by 0.3% in the second quarter. Armstrong Henry H Associates Inc. now owns 961,321 shares of the company’s stock worth $44,730,000 after buying an additional 3,016 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Linear Technology Corp. by 14.0% in the first quarter. Loomis Sayles & Co. L P now owns 152,940 shares of the company’s stock worth $6,815,000 after buying an additional 18,837 shares during the last quarter. 92.45% of the stock is currently owned by hedge funds and other institutional investors.

Linear Technology Corp. (NASDAQ:LLTC) traded up 0.689% during trading on Friday, reaching $59.155. The company had a trading volume of 1,096,342 shares. Linear Technology Corp. has a 12-month low of $37.33 and a 12-month high of $64.42. The firm has a market capitalization of $14.18 billion, a PE ratio of 29.285 and a beta of 1.24. The firm’s 50 day moving average price is $58.79 and its 200 day moving average price is $51.25.

Linear Technology Corp. (NASDAQ:LLTC) last announced its earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. Linear Technology Corp. had a net margin of 34.72% and a return on equity of 29.64%. The business earned $373.77 million during the quarter, compared to the consensus estimate of $373.91 million. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts forecast that Linear Technology Corp. will post $2.18 EPS for the current year.

LLTC has been the subject of a number of research analyst reports. Zacks Investment Research lowered Linear Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. boosted their target price on Linear Technology Corp. from $46.00 to $59.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Citigroup Inc. raised Linear Technology Corp. from a “sell” rating to a “neutral” rating and boosted their target price for the company from $37.00 to $62.00 in a research report on Wednesday, July 27th. Morgan Stanley lowered Linear Technology Corp. from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $51.00 to $64.00 in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. raised Linear Technology Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.86.

Linear Technology Corp. Company Profile

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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