Linear Technology Corporation (LLTC) is Cavalry Management Group LLC’s 8th Largest Position
Cavalry Management Group LLC boosted its stake in Linear Technology Corporation (NASDAQ:LLTC) by 31.0% during the fourth quarter, Holdings Channel reports. The firm owned 148,775 shares of the company’s stock after buying an additional 35,238 shares during the period. Linear Technology Corporation comprises 6.1% of Cavalry Management Group LLC’s investment portfolio, making the stock its 8th largest position. Cavalry Management Group LLC owned approximately 0.06% of Linear Technology Corporation worth $9,276,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Management Co. LLC increased its position 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 last quarter. Woodmont Investment Counsel LLC bought a new position in Linear Technology Corporation during the third quarter valued at about $188,000. IFP Advisors Inc increased its position 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 last quarter. Telemus Capital LLC bought a new position in Linear Technology Corporation during the third quarter valued at about $217,000. Finally, Advisor Partners LLC bought a new position in Linear Technology Corporation during the third quarter valued at about $224,000. Hedge funds and other institutional investors own 90.15% of the company’s stock.
Linear Technology Corporation (NASDAQ:LLTC) traded up 0.23% during mid-day trading on Thursday, reaching $64.80. 1,502,813 shares of the company were exchanged. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 31.76 and a beta of 1.11. The company’s 50 day moving average price is $62.89 and its 200-day moving average price is $60.68. Linear Technology Corporation has a 12-month low of $41.77 and a 12-month high of $64.90.
Linear Technology Corporation (NASDAQ:LLTC) last announced its earnings results on Tuesday, January 17th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Linear Technology Corporation had a net margin of 33.67% and a return on equity of 29.35%. The business earned $375.80 million during the quarter. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Linear Technology Corporation will post $2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Friday, February 24th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, February 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 2.04%. This is a boost from Linear Technology Corporation’s previous quarterly dividend of $0.32. Linear Technology Corporation’s dividend payout ratio (DPR) is currently 63.05%.
“Linear Technology Corporation (LLTC) is Cavalry Management Group LLC’s 8th Largest Position” was reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The legal version of this piece of content can be accessed at http://www.watchlistnews.com/linear-technology-corporation-lltc-is-cavalry-management-group-llcs-8th-largest-position/1120734.html.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Linear Technology Corporation from a “buy” rating to a “hold” rating in a report on Monday, February 6th. B. Riley restated a “neutral” rating and set a $63.00 price objective on shares of Linear Technology Corporation in a report on Sunday, January 22nd. Deutsche Bank AG boosted 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 equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $59.30.
In other Linear Technology Corporation news, VP Robert C. Dobkin sold 38,828 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $63.39, for a total value of $2,461,306.92. Following the completion of the sale, the vice president now owns 195,126 shares in the company, valued at $12,369,037.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP David A. Quarles sold 3,013 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $63.30, for a total transaction of $190,722.90. Following the completion of the sale, the vice president now owns 52,633 shares of the company’s stock, valued at approximately $3,331,668.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,274 shares of company stock valued at $8,673,002. Corporate insiders own 1.20% of the company’s stock.
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.
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).
Receive News & Ratings for Linear Technology Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linear Technology Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.