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.

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

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%.

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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.

5 Day Chart for NASDAQ:LLTC

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