Linear Technology Corp. (NASDAQ:LLTC) was downgraded by investment analysts at Citigroup Inc. to a “market perform” rating in a research note issued on Monday.

Other equities analysts also recently issued reports about the company. B. Riley reaffirmed a “neutral” rating and issued a $62.00 price target on shares of Linear Technology Corp. in a report on Wednesday, July 27th. Zacks Investment Research raised Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Thursday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $60.00 price target on shares of Linear Technology Corp. in a report on Wednesday, July 27th. JPMorgan Chase & Co. upped their price target on Linear Technology Corp. from $47.00 to $62.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Drexel Hamilton reaffirmed a “hold” rating on shares of Linear Technology Corp. in a report on Wednesday, July 27th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Linear Technology Corp. currently has an average rating of “Hold” and a consensus target price of $55.25.

Analyst Recommendations for Linear Technology Corp. (NASDAQ:LLTC)

Linear Technology Corp. (NASDAQ:LLTC) opened at 59.09 on Monday. The company has a 50 day moving average of $58.80 and a 200 day moving average of $51.36. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 29.25 and a beta of 1.24. Linear Technology Corp. has a 12 month low of $37.33 and a 12 month high of $64.42.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LLTC. CENTRAL TRUST Co boosted 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. boosted 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 boosted 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. Telemus Capital LLC acquired a new position in Linear Technology Corp. during the third quarter valued at about $217,000. Finally, Atria Investments LLC acquired a new position in Linear Technology Corp. during the third quarter valued at about $240,000. Hedge funds and other institutional investors own 92.46% of the company’s stock.

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

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