Linear Technology Corp. (NASDAQ:LLTC) shares reached a new 52-week high on Tuesday . The stock traded as high as $48.18 and last traded at $47.94, with a volume of 996,248 shares. The stock had previously closed at $47.67.

Several research analysts have recently weighed in on the company. Goldman Sachs Group Inc. assumed coverage on Linear Technology Corp. in a research note on Thursday, June 2nd. They set a “neutral” rating and a $46.00 price target for the company. Zacks Investment Research upgraded Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Tuesday, June 21st. B. Riley reiterated a “neutral” rating and set a $44.00 price target on shares of Linear Technology Corp. in a research note on Monday, April 25th. Credit Agricole SA assumed coverage on Linear Technology Corp. in a research note on Monday, May 16th. They set an “underperform” rating and a $45.00 price target for the company. Finally, Jefferies Group reiterated a “buy” rating on shares of Linear Technology Corp. in a research note on Wednesday, April 20th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Linear Technology Corp. currently has an average rating of “Hold” and a consensus price target of $44.81.

The stock has a market cap of $11.53 billion and a P/E ratio of 23.87. The firm’s 50-day moving average price is $46.87 and its 200 day moving average price is $44.18.

Linear Technology Corp. (NASDAQ:LLTC) last released its quarterly earnings data on Tuesday, April 19th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The firm had revenue of $361.10 million for the quarter, compared to analysts’ expectations of $359.31 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts anticipate that Linear Technology Corp. will post $2.01 earnings per share for the current year.

In other Linear Technology Corp. news, VP David A. Quarles sold 2,000 shares of the stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $46.17, for a total transaction of $92,340.00. Following the sale, the vice president now owns 65,013 shares of the company’s stock, valued at approximately $3,001,650.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP V Paul Chantalat sold 15,000 shares of the stock in a transaction on Monday, April 25th. The shares were sold at an average price of $45.91, for a total value of $688,650.00. Following the sale, the vice president now directly owns 63,255 shares in the company, valued at approximately $2,904,037.05. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Dean Investment Associates LLC boosted its stake in shares of Linear Technology Corp. by 14.5% in the fourth quarter. Dean Investment Associates LLC now owns 25,122 shares of the company’s stock valued at $1,067,000 after buying an additional 3,183 shares during the period. Brown Advisory Inc. boosted its stake in shares of Linear Technology Corp. by 1.1% in the fourth quarter. Brown Advisory Inc. now owns 26,067 shares of the company’s stock valued at $1,107,000 after buying an additional 274 shares during the period. Sawtooth Asset Management Inc. boosted its stake in shares of Linear Technology Corp. by 5,799.8% in the fourth quarter. Sawtooth Asset Management Inc. now owns 28,850 shares of the company’s stock valued at $1,225,000 after buying an additional 28,361 shares during the period. Profund Advisors LLC boosted its stake in shares of Linear Technology Corp. by 39.6% in the fourth quarter. Profund Advisors LLC now owns 30,078 shares of the company’s stock valued at $1,277,000 after buying an additional 8,525 shares during the period. Finally, SECOR Capital Advisors LP boosted its stake in shares of Linear Technology Corp. by 139.0% in the fourth quarter. SECOR Capital Advisors LP now owns 32,358 shares of the company’s stock valued at $1,374,000 after buying an additional 18,819 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.