Linear Technology Corp. (NASDAQ:LLTC) had its price objective lowered by Piper Jaffray Cos. from $44.00 to $42.00 in a research report released on Wednesday morning, ARN reports. Piper Jaffray Cos. currently has a hold rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley cut their price target on shares of Linear Technology Corp. from $39.00 to $38.00 in a research note to investors on Wednesday. They now have a neutral rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Linear Technology Corp. in a research note to investors on Wednesday. They now have a $42.00 price target on the stock. Finally, analysts at Morgan Stanley upgraded shares of Linear Technology Corp. from an equal weight rating to an overweight rating in a research note to investors on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $38.33.
Linear Technology Corp. (NASDAQ:LLTC) opened at 39.26 on Wednesday. Linear Technology Corp. has a 52 week low of $30.79 and a 52 week high of $42.82. The stock’s 50-day moving average is $39.61 and its 200-day moving average is $38.22. The company has a market cap of $9.155 billion and a price-to-earnings ratio of 22.96.
Linear Technology Corp. (NASDAQ:LLTC) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.01. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $339.26 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Linear Technology Corp. will post $1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, November 13th.
Linear Technology Corporation (NASDAQ:LLTC) designs, manufactures and markets a line of linear analog integrated circuits for companies worldwide.
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