Linear Technology Corp. (NASDAQ:LLTC) was downgraded by equities research analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating in a research note issued on Monday.

Several other analysts have also issued reports on the stock. Citigroup Inc. lowered shares of Linear Technology Corp. to a “market perform” rating in a research report on Monday. Zacks Investment Research lowered shares of Linear Technology Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 27th. B. Riley reiterated a “neutral” rating and issued a $62.00 target price on shares of Linear Technology Corp. in a research report on Monday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Linear Technology Corp. from $47.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $60.00 target price on shares of Linear Technology Corp. in a research report on Wednesday, July 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Linear Technology Corp. presently has an average rating of “Hold” and a consensus target price of $55.25.

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

Shares of Linear Technology Corp. (NASDAQ:LLTC) traded down 0.02% during trading on Monday, reaching $59.08. 449,495 shares of the company’s stock were exchanged. 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 cap of $14.16 billion, a P/E 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 earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.54. Linear Technology Corp. had a net margin of 34.72% and a return on equity of 29.64%. The business had revenue of $373.77 million for the quarter, compared to analyst estimates of $373.91 million. During the same quarter last year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Linear Technology Corp. will post $2.18 EPS for the current year.

A number of institutional investors have recently modified their holdings of the company. National Pension Service increased its position in shares of Linear Technology Corp. by 9.4% in the third quarter. National Pension Service now owns 207,706 shares of the company’s stock worth $12,315,000 after buying an additional 17,807 shares during the period. Capstone Asset Management Co. increased its position in shares of Linear Technology Corp. by 8.3% in the third quarter. Capstone Asset Management Co. now owns 22,130 shares of the company’s stock worth $1,312,000 after buying an additional 1,700 shares during the period. Atria Investments LLC purchased a new position in shares of Linear Technology Corp. during the third quarter worth approximately $240,000. Oregon Public Employees Retirement Fund increased its position in shares of Linear Technology Corp. by 19.6% in the third quarter. Oregon Public Employees Retirement Fund now owns 57,894 shares of the company’s stock worth $3,433,000 after buying an additional 9,498 shares during the period. Finally, Telemus Capital LLC purchased a new position in shares of Linear Technology Corp. during the third quarter worth approximately $217,000. 92.46% of the stock is currently owned by institutional investors.

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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