Cooke & Bieler LP boosted its position in Linear Technology Corp. (NASDAQ:LLTC) by 22.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,598,999 shares of the company’s stock after buying an additional 290,675 shares during the period. Linear Technology Corp. comprises approximately 1.7% of Cooke & Bieler LP’s holdings, making the stock its 27th largest position. Cooke & Bieler LP owned about 0.65% of Linear Technology Corp. worth $74,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Ngam Advisors L.P. raised its stake in shares of Linear Technology Corp. by 6.8% in the first quarter. Ngam Advisors L.P. now owns 35,206 shares of the company’s stock worth $1,569,000 after buying an additional 2,242 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Linear Technology Corp. by 11.4% in the first quarter. Teachers Advisors Inc. now owns 242,224 shares of the company’s stock worth $10,794,000 after buying an additional 24,771 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Linear Technology Corp. by 1.5% in the first quarter. Prudential Financial Inc. now owns 339,366 shares of the company’s stock worth $15,122,000 after buying an additional 4,900 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Linear Technology Corp. by 87.6% in the first quarter. JPMorgan Chase & Co. now owns 336,324 shares of the company’s stock worth $14,989,000 after buying an additional 157,051 shares in the last quarter. Finally, M&T Bank Corp raised its stake in shares of Linear Technology Corp. by 17.5% in the first quarter. M&T Bank Corp now owns 62,125 shares of the company’s stock worth $2,769,000 after buying an additional 9,237 shares in the last quarter. 92.46% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Linear Technology Corp. (NASDAQ:LLTC) traded down 0.19% during midday trading on Monday, hitting $58.98. The stock had a trading volume of 1,835,209 shares. The stock has a market cap of $14.14 billion, a P/E ratio of 29.20 and a beta of 1.24. Linear Technology Corp. has a 12-month low of $37.33 and a 12-month high of $64.42. The stock has a 50-day moving average price of $58.80 and a 200-day moving average price of $51.36.

Linear Technology Corp. (NASDAQ:LLTC) last announced its earnings results on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The firm 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%. Linear Technology Corp.’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities analysts forecast that Linear Technology Corp. will post $2.18 earnings per share for the current year.

LLTC has been the topic of a number of research analyst reports. Zacks Investment Research raised Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, June 21st. B. Riley reiterated a “neutral” rating and set a $62.00 price objective on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Morgan Stanley downgraded Linear Technology Corp. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $51.00 to $64.00 in a research report on Wednesday, July 27th. Citigroup Inc. upgraded Linear Technology Corp. from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $37.00 to $62.00 in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. upgraded Linear Technology Corp. from an “underperform” rating to a “market perform” rating in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company. Linear Technology Corp. has a consensus rating of “Hold” and a consensus 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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