Dudley & Shanley LLC cut its stake in Linear Technology Corp. (NASDAQ:LLTC) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 636,040 shares of the company’s stock after selling 5,000 shares during the period. Linear Technology Corp. makes up 6.7% of Dudley & Shanley LLC’s investment portfolio, making the stock its 3rd largest position. Dudley & Shanley LLC owned 0.26% of Linear Technology Corp. worth $29,595,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LLTC. Wellington Management Group LLP increased 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 valued at $244,937,000 after buying an additional 2,745,797 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its stake in shares of Linear Technology Corp. by 3.3% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 3,100,000 shares of the company’s stock valued at $144,212,000 after buying an additional 100,000 shares during the period. Marathon Asset Management LLP increased its stake in shares of Linear Technology Corp. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 3,017,472 shares of the company’s stock valued at $140,398,000 after buying an additional 57,235 shares during the period. American Century Companies Inc. increased its stake in shares of Linear Technology Corp. by 3.2% in the second quarter. American Century Companies Inc. now owns 2,667,642 shares of the company’s stock valued at $124,125,000 after buying an additional 83,120 shares during the period. Finally, Geode Capital Management LLC increased its stake 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 valued at $96,409,000 after buying an additional 158,288 shares during the period. 92.46% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Linear Technology Corp. (NASDAQ:LLTC)

Linear Technology Corp. (NASDAQ:LLTC) traded down 0.27% during trading on Monday, hitting $58.93. The stock had a trading volume of 866,566 shares. Linear Technology Corp. has a 52-week low of $37.33 and a 52-week high of $64.42. The company has a 50-day moving average price of $58.80 and a 200-day moving average price of $51.36. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 29.17 and a beta of 1.24.

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

LLTC has been the subject of several analyst reports. Oppenheimer Holdings Inc. downgraded Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday. Zacks Investment Research downgraded Linear Technology Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Citigroup Inc. raised Linear Technology Corp. from a “sell” rating to a “neutral” rating and increased their price target for the company from $37.00 to $62.00 in a research report on Wednesday, July 27th. Drexel Hamilton reaffirmed a “hold” rating on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Finally, B. Riley reaffirmed a “neutral” rating and set a $62.00 price target on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.25.

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.

5 Day Chart for NASDAQ:LLTC

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