What Do Hedge Funds Think Of These Trending Semiconductor Stocks?

Linear Technology Corporation (NASDAQ:LLTC) earned $0.46 per share on revenues of $341.92 million, meeting profit expectations but missing revenue expectations by $1.42 million. It was a difficult quarter for the company as global macroeconomic conditions slowed and gross margins fell by 0.9 percentage points year-over-year to 75.1%. The worst might be over (assuming macro conditions remain the same or become better), however, as management guided for a stronger-than-expected second quarter of between flat-to-3% sequential revenue growth. Investors took management’s upbeat guidance as a sign that demand may have troughed. 

Hedge funds were mixed on Linear Technology Corporation (NASDAQ:LLTC) between April 1 to June 30. Although the number of funds with long positions increased to 29 from 23, the total value of their holdings in the stock declined to $1.58 billion (representing 14.90% of the float) from $1.69 billion. First Eagle Investment Management is long with a holding of 12.18 million shares while David Blood and Al Gore‘s Generation Investment Management owns 9.58 million shares.

Disclosure: None