Eliot Finkel Investment Counsel LLC Has $4,040,000 Position in Linear Technology Corp. (LLTC)
Eliot Finkel Investment Counsel LLC cut its stake in Linear Technology Corp. (NASDAQ:LLTC) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,815 shares of the company’s stock after selling 2,700 shares during the period. Linear Technology Corp. comprises approximately 3.6% of Eliot Finkel Investment Counsel LLC’s investment portfolio, making the stock its 13th largest position. Eliot Finkel Investment Counsel LLC’s holdings in Linear Technology Corp. were worth $4,040,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Investment Consultants LLC boosted its position in Linear Technology Corp. by 21.1% in the second quarter. Integrated Investment Consultants LLC now owns 4,085 shares of the company’s stock valued at $190,000 after buying an additional 713 shares in the last quarter. GWM Advisors LLC acquired a new position in Linear Technology Corp. during the second quarter valued at $206,000. Cohen Lawrence B acquired a new position in Linear Technology Corp. during the second quarter valued at $207,000. Seven Eight Capital LLC boosted its position in Linear Technology Corp. by 46.0% in the first quarter. Seven Eight Capital LLC now owns 5,394 shares of the company’s stock valued at $240,000 after buying an additional 1,700 shares in the last quarter. Finally, Optimum Investment Advisors acquired a new position in Linear Technology Corp. during the first quarter valued at $287,000. Hedge funds and other institutional investors own 92.45% of the company’s stock.
Shares of Linear Technology Corp. (NASDAQ:LLTC) traded up 0.58% during midday trading on Friday, reaching $59.09. The company’s stock had a trading volume of 2,074,315 shares. Linear Technology Corp. has a one year low of $37.33 and a one year high of $64.42. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 29.25 and a beta of 1.24. The stock’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 posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $373.91 million. During the same period in the previous year, the firm posted $0.54 EPS. Linear Technology Corp.’s revenue was down 1.5% compared to the same quarter last year. Analysts predict that Linear Technology Corp. will post $2.18 earnings per share for the current year.
Several research analysts have recently weighed in on the company. B. Riley restated a “neutral” rating and issued a $62.00 price target on shares of Linear Technology Corp. in a research note on Monday, August 1st. Goldman Sachs Group Inc. upped their price objective 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. Zacks Investment Research upgraded Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Thursday, July 28th. Morgan Stanley cut Linear Technology Corp. from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $51.00 to $64.00 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 analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target 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.
Want to see what other hedge funds are holding LLTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Linear Technology Corp. (NASDAQ:LLTC).
Receive News & Ratings for Linear Technology Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linear Technology Corp. and related companies with MarketBeat.com's FREE daily email newsletter.