Linear Technology Corp. (NASDAQ:LLTC) released its earnings results on Tuesday. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by $0.01. Linear Technology Corp. had a net margin of 34.72% and a return on equity of 29.64%. The business had revenue of $373.90 million for the quarter, compared to the consensus estimate of $377.66 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.

Linear Technology Corp. (NASDAQ:LLTC) traded down 0.07% during midday trading on Tuesday, reaching $58.94. 8,433,635 shares of the company traded hands. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 29.18 and a beta of 1.24. The company has a 50-day moving average price of $58.82 and a 200-day moving average price of $51.56. Linear Technology Corp. has a 12-month low of $37.33 and a 12-month high of $64.42.

Earnings History for Linear Technology Corp. (NASDAQ:LLTC)

LLTC has been the subject of several recent research reports. Oppenheimer Holdings Inc. lowered shares of Linear Technology Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday. Zacks Investment Research lowered shares of Linear Technology Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Citigroup Inc. upgraded shares of Linear Technology Corp. from a “sell” rating to a “neutral” rating and boosted their target price for the company from $37.00 to $62.00 in a research note on Wednesday, July 27th. Drexel Hamilton reiterated a “hold” rating on shares of Linear Technology Corp. in a research note on Wednesday, July 27th. Finally, B. Riley reiterated a “neutral” rating and set a $62.00 target price on shares of Linear Technology Corp. in a research note on Wednesday, July 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $55.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. raised its position in shares of Linear Technology Corp. by 3.2% in the second quarter. American Century Companies Inc. now owns 2,667,642 shares of the company’s stock worth $124,125,000 after buying an additional 83,120 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Linear Technology Corp. by 10.6% in the second quarter. Wedge Capital Management L L P NC now owns 910,951 shares of the company’s stock worth $42,387,000 after buying an additional 87,396 shares during the last quarter. BlackRock Investment Management LLC raised its position in shares of Linear Technology Corp. by 10.1% in the second quarter. BlackRock Investment Management LLC now owns 1,582,921 shares of the company’s stock worth $73,653,000 after buying an additional 145,660 shares during the last quarter. BlackRock Inc. raised its position in shares of Linear Technology Corp. by 10.4% in the second quarter. BlackRock Inc. now owns 1,124,204 shares of the company’s stock worth $52,310,000 after buying an additional 105,781 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Linear Technology Corp. by 3.9% in the second quarter. BlackRock Fund Advisors now owns 4,422,066 shares of the company’s stock worth $205,759,000 after buying an additional 164,873 shares during the last quarter. Institutional investors and hedge funds own 92.46% of the company’s stock.

About Linear Technology Corp.

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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