Linear Technology Corp. (NASDAQ:LLTC) – Analysts at Jefferies Group raised their Q1 2017 EPS estimates for Linear Technology Corp. in a research note issued on Wednesday. Jefferies Group analyst M. Lipacis now expects that the brokerage will post earnings per share of $0.56 for the quarter, up from their prior estimate of $0.55. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Linear Technology Corp.’s Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.63 EPS and FY2018 earnings at $2.37 EPS.
A number of other research analysts have also weighed in on LLTC. Zacks Investment Research lowered shares of Linear Technology Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, April 5th. B. Riley restated a “neutral” rating and issued a $44.00 price target on shares of Linear Technology Corp. in a research report on Wednesday, April 20th. Wells Fargo & Co. restated an “outperform” rating on shares of Linear Technology Corp. in a research report on Friday, May 13th. Credit Agricole SA began coverage on Linear Technology Corp. in a research report on Monday, May 16th. They issued an “underperform” rating and a $45.00 price target for the company. Finally, Goldman Sachs Group Inc. began coverage on Linear Technology Corp. in a research report on Thursday, June 2nd. They issued a “neutral” rating and a $46.00 price target for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $53.86.
Linear Technology Corp. (NASDAQ:LLTC) traded up 2.14% during trading on Thursday, hitting $60.50. The stock had a trading volume of 6,402,750 shares. Linear Technology Corp. has a 52 week low of $36.41 and a 52 week high of $64.42. The stock has a 50-day moving average price of $47.93 and a 200-day moving average price of $44.83. The company has a market cap of $14.80 billion and a PE ratio of 29.95.
An institutional investor recently raised its position in Linear Technology Corp. stock. MUFG Americas increased its stake in shares of Linear Technology Corp. (NASDAQ:LLTC) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,101 shares of the company’s stock after buying an additional 4,896 shares during the period. MUFG Americas owned about 0.08% of Linear Technology Corp. worth $7,670,000 as of its most recent SEC filing.
Linear Technology Corporation is engaged in designing, manufacturing and marketing a line of analog integrated circuits for companies across the world. The Company’s principal product categories include Amplifiers, High Speed Amplifiers, Voltage Regulators, Voltage References, Interface, Data Converters, Battery Stack Monitors, Silicon Oscillators and Timer Blox, Phase Locked Loop (PLL) Synthesizers and Clock Distribution, SmartMesh Embedded Wireless Sensor Network, Isolated uModule Transceivers, Radio Frequency Circuits, Power Over Ethernet (PoE) Controllers, uModule Power Products, Signal Chain uModule Products and Others.
