Linear Technology Receives Consensus Rating of “Hold” from Analysts (NASDAQ:LLTC)
Shares of Linear Technology (NASDAQ:LLTC) have received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, American Banking News.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $43.86.
Shares of Linear Technology (NASDAQ:LLTC) traded up 0.39% during mid-day trading on Monday, hitting $46.55. 314,031 shares of the company’s stock traded hands. Linear Technology has a 1-year low of $34.26 and a 1-year high of $51.77. The stock has a 50-day moving average of $47.79 and a 200-day moving average of $44.3. The company has a market cap of $11.203 billion and a P/E ratio of 25.76.
Linear Technology (NASDAQ:LLTC) last released its earnings data on Tuesday, April 15th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $348.00 million for the quarter, compared to the consensus estimate of $350.01 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Linear Technology will post $1.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 28th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, May 14th.
A number of research firms have recently commented on LLTC. Analysts at Zacks reiterated a “neutral” rating on shares of Linear Technology in a research note on Thursday. They now have a $47.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Linear Technology from $40.00 to $42.00 in a research note on Thursday. Finally, analysts at ISI Group initiated coverage on shares of Linear Technology in a research note on Thursday, April 10th. They set a “cautious” rating and a $46.00 price target on the stock.
Linear Technology Corporation (NASDAQ:LLTC) is designing, manufacturing and marketing a range of analog integrated circuits for companies globally.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.