Linear Technology Corp. (LLTC) Releases Quarterly Earnings Results
Linear Technology Corp. (NASDAQ:LLTC) posted its quarterly earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.01, American Banking & Market News reports. The company had revenue of $334.60 million for the quarter, compared to the consensus estimate of $334.79 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis.
Shares of Linear Technology Corp. (NASDAQ:LLTC) opened at 45.19 on Wednesday. Linear Technology Corp. has a 52-week low of $34.21 and a 52-week high of $45.93. The stock’s 50-day moving average is $44.31 and its 200-day moving average is $40.8. The company has a market cap of $10.582 billion and a P/E ratio of 26.02.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, February 26th. Investors of record on Friday, February 14th will be given a dividend of 0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.39%.
A number of research firms have recently commented on LLTC. Analysts at BMO Capital Markets raised their price target on shares of Linear Technology Corp. from $35.00 to $40.00 in a research note to investors on Tuesday. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Linear Technology Corp. in a research note to investors on Monday, December 23rd. They now have a $47.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “outperform” rating on shares of Linear Technology Corp. in a research note to investors on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $39.00.
Linear Technology Corporation (NASDAQ:LLTC) designs, manufactures and markets a line of linear analog integrated circuits for companies worldwide.
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