Marshall Wace LLP Increases Position in Linear Technology Corporation (LLTC)

Marshall Wace LLP raised its stake in shares of Linear Technology Corporation (NASDAQ:LLTC) by 2,944.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 857,561 shares of the company’s stock after buying an additional 829,396 shares during the period. Marshall Wace LLP owned approximately 0.36% of Linear Technology Corporation worth $53,469,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Global X Management Co. LLC boosted its stake in Linear Technology Corporation by 93.6% in the third quarter. Global X Management Co. LLC now owns 2,213 shares of the company’s stock valued at $131,000 after buying an additional 1,070 shares during the period. IFP Advisors Inc boosted its stake in Linear Technology Corporation by 569.4% in the second quarter. IFP Advisors Inc now owns 3,608 shares of the company’s stock valued at $168,000 after buying an additional 3,069 shares during the period. Woodmont Investment Counsel LLC purchased a new stake in Linear Technology Corporation during the third quarter valued at $188,000. Telemus Capital LLC purchased a new stake in Linear Technology Corporation during the third quarter valued at $217,000. Finally, Advisor Partners LLC purchased a new stake in Linear Technology Corporation during the third quarter valued at $224,000. 90.15% of the stock is owned by institutional investors.

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

Linear Technology Corporation (NASDAQ:LLTC) traded up 0.60% on Monday, hitting $63.87. 796,100 shares of the company were exchanged. Linear Technology Corporation has a 52-week low of $40.69 and a 52-week high of $64.42. The firm has a 50 day moving average of $62.80 and a 200-day moving average of $60.62. The stock has a market cap of $15.38 billion, a PE ratio of 31.31 and a beta of 1.11.

Linear Technology Corporation (NASDAQ:LLTC) last released its quarterly earnings results on Tuesday, January 17th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The business earned $375.80 million during the quarter. Linear Technology Corporation had a net margin of 33.67% and a return on equity of 29.35%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities analysts expect that Linear Technology Corporation will post $2.22 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Investors of record on Friday, February 24th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, February 22nd. This is a positive change from Linear Technology Corporation’s previous quarterly dividend of $0.32. Linear Technology Corporation’s dividend payout ratio is currently 63.05%.

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LLTC has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. lowered shares of Linear Technology Corporation from an “outperform” rating to a “market perform” rating in a report on Monday, October 17th. B. Riley restated a “neutral” rating and issued a $60.00 price objective on shares of Linear Technology Corporation in a report on Monday, October 24th. Zacks Investment Research upgraded shares of Linear Technology Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, February 7th. Deutsche Bank AG upped their price objective on shares of Linear Technology Corporation from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, January 18th. Finally, Drexel Hamilton restated a “hold” rating on shares of Linear Technology Corporation in a report on Wednesday, January 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $59.30.

In related news, VP David A. Quarles sold 3,013 shares of the stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $63.30, for a total value of $190,722.90. Following the completion of the transaction, the vice president now owns 52,633 shares in the company, valued at approximately $3,331,668.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Steve Pietkiewicz sold 1,770 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $60.25, for a total transaction of $106,642.50. Following the completion of the transaction, the vice president now owns 110,376 shares of the company’s stock, valued at approximately $6,650,154. The disclosure for this sale can be found here. Insiders sold a total of 412,916 shares of company stock valued at $25,417,924 in the last quarter. 1.20% of the stock is currently owned by insiders.

Linear Technology Corporation 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.

5 Day Chart for NASDAQ:LLTC

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 Corporation (NASDAQ:LLTC).

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