Linear Technology Corp. (NASDAQ:LLTC)’s share price hit a new 52-week high on Monday . The company traded as high as $49.15 and last traded at $48.71, with a volume of 618,779 shares. The stock had previously closed at $48.59.

A number of equities analysts recently weighed in on LLTC shares. Credit Agricole SA initiated coverage on shares of Linear Technology Corp. in a research note on Monday, May 16th. They set an “underperform” rating and a $45.00 target price for the company. Wells Fargo & Co. reaffirmed an “outperform” rating on shares of Linear Technology Corp. in a research note on Friday, May 13th. Zacks Investment Research raised shares of 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. Goldman Sachs Group Inc. initiated coverage on shares of Linear Technology Corp. in a research note on Thursday, June 2nd. They issued a “neutral” rating and a $46.00 price target for the company. Finally, Jefferies Group reaffirmed 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 issued a hold rating and five have given a buy rating to the stock. Linear Technology Corp. presently has an average rating of “Hold” and an average price target of $44.81.

The company has a market cap of $11.64 billion and a PE ratio of 24.10. The firm’s 50-day moving average price is $46.92 and its 200-day moving average price is $44.22.

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

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

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Advisory Inc. raised its stake in 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 last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in Linear Technology Corp. by 4.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 32,747 shares of the company’s stock valued at $1,391,000 after buying an additional 1,435 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in Linear Technology Corp. by 0.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 347,456 shares of the company’s stock valued at $15,062,000 after buying an additional 1,848 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Linear Technology Corp. by 3.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 69,735 shares of the company’s stock valued at $2,962,000 after buying an additional 2,240 shares during the last quarter. Finally, Eaton Vance Management raised its stake in Linear Technology Corp. by 3.3% in the fourth quarter. Eaton Vance Management now owns 92,811 shares of the company’s stock valued at $3,942,000 after buying an additional 2,928 shares during the last quarter.

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.

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