Numeric Investors LLC purchased a new position in shares of Linear Technology Co. (NASDAQ:LLTC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,800 shares of the company’s stock, valued at approximately $2,115,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. raised its position in Linear Technology by 44.3% in the fourth quarter. American Century Companies Inc. now owns 2,483,548 shares of the company’s stock worth $105,476,000 after buying an additional 762,697 shares during the last quarter. World Asset Management Inc raised its position in Linear Technology by 2.9% in the fourth quarter. World Asset Management Inc now owns 26,099 shares of the company’s stock worth $1,109,000 after buying an additional 735 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Linear Technology by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 47,563 shares of the company’s stock worth $2,020,000 after buying an additional 400 shares during the last quarter. California State Teachers Retirement System raised its position in Linear Technology by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 443,728 shares of the company’s stock worth $18,845,000 after buying an additional 7,073 shares during the last quarter. Finally, Riverbridge Partners LLC raised its position in Linear Technology by 1.7% in the fourth quarter. Riverbridge Partners LLC now owns 1,777,551 shares of the company’s stock worth $75,493,000 after buying an additional 29,534 shares during the last quarter.

Shares of Linear Technology Co. (NASDAQ:LLTC) opened at 44.23 on Friday. The firm’s 50-day moving average price is $42.38 and its 200 day moving average price is $42.41. Linear Technology Co. has a 52 week low of $36.41 and a 52 week high of $48.74. The stock has a market capitalization of $10.59 billion and a P/E ratio of 21.68.

Linear Technology (NASDAQ:LLTC) last announced its earnings results on Tuesday, January 19th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The business had revenue of $347.10 million for the quarter. During the same period in the previous year, the business earned $0.51 EPS. Linear Technology’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Linear Technology Co. will post $1.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 24th. Shareholders of record on Friday, February 12th were given a dividend of $0.32 per share. This is a boost from Linear Technology’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, February 10th. This represents a $1.28 annualized dividend and a dividend yield of 2.89%.

A number of research firms have commented on LLTC. Drexel Hamilton began coverage on Linear Technology in a research report on Tuesday, March 1st. They set a “hold” rating for the company. Bank of America lowered Linear Technology from a “neutral” rating to an “underperform” rating and set a $44.00 price target for the company. in a research report on Tuesday, March 1st. They noted that the move was a valuation call. B. Riley reissued a “neutral” rating and issued a $44.00 target price on shares of Linear Technology in a research report on Monday, January 25th. SunTrust decreased their target price on Linear Technology from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, January 21st. Finally, Nomura increased their target price on Linear Technology from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, January 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $44.60.

In related news, VP David A. Quarles sold 3,029 shares of the business’s stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $40.68, for a total value of $123,219.72. Following the completion of the sale, the vice president now owns 50,013 shares in the company, valued at $2,034,528.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David A. Quarles sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 29th. The shares were sold at an average price of $43.84, for a total value of $131,520.00. Following the completion of the sale, the vice president now owns 47,013 shares of the company’s stock, valued at approximately $2,061,049.92. The disclosure for this sale can be found here.

Linear Technology Corporation (NASDAQ:LLTC) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products.

Electronics-chip.com as a professional Electronic components distributor. Learned more information about Linear >>> 

About Electronics-chip.com 

Your Trusted Partner for Distributing Electronic Components Chips! 

Our Mission is to provide the best quality IC parts with the best affordable price every time. 

We are looking forward to cooperating with you! 

www.electronics-chip.com