Northwestern Mutual Investment Management Company LLC reduced its stake in Linear Technology Corp. (NASDAQ:LLTC) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,121 shares of the company’s stock after selling 16 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Linear Technology Corp. were worth $424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co increased its position in Linear Technology Corp. by 3.5% in the second quarter. CENTRAL TRUST Co now owns 2,985 shares of the company’s stock valued at $139,000 after buying an additional 100 shares during the last quarter. Mizuho Asset Management Co. Ltd. increased its position in Linear Technology Corp. by 73.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,037 shares of the company’s stock valued at $141,000 after buying an additional 1,291 shares during the last quarter. IFP Advisors Inc increased its position in Linear Technology Corp. 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. Integrated Investment Consultants LLC increased 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 during the last quarter. Finally, GWM Advisors LLC acquired a new position in Linear Technology Corp. during the second quarter valued at $206,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Linear Technology Corp. (NASDAQ:LLTC) opened at 58.48 on Wednesday. Linear Technology Corp. has a 52 week low of $37.33 and a 52 week high of $64.42. The stock has a market capitalization of $14.02 billion, a PE ratio of 28.95 and a beta of 1.18. The firm has a 50 day moving average of $58.66 and a 200-day moving average of $49.52.

Linear Technology Corp. (NASDAQ:LLTC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $373.77 million for the quarter, compared to the consensus estimate of $373.91 million. Linear Technology Corp. had a net margin of 34.72% and a return on equity of 29.64%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities analysts predict that Linear Technology Corp. will post $2.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Friday, August 12th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Wednesday, August 10th. Linear Technology Corp.’s dividend payout ratio (DPR) is currently 63.37%.

Several research firms have weighed in on LLTC. B. Riley reiterated a “neutral” rating and issued a $62.00 price target on shares of Linear Technology Corp. in a research report on Monday, August 1st. Goldman Sachs Group Inc. increased their price objective on shares of Linear Technology Corp. from $46.00 to $59.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Zacks Investment Research raised shares of Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Thursday, July 28th. Morgan Stanley cut shares of Linear Technology Corp. from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $51.00 to $64.00 in a research note on Wednesday, July 27th. Finally, Raymond James Financial Inc. raised shares of Linear Technology Corp. from an “underperform” rating to a “market perform” rating in a research note on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The company 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.

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 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 Analyst Ratings Network's FREE daily email newsletter.