Linear Technology Corp. (NASDAQ:LLTC)’s share price hit a new 52-week high during trading on Monday . The stock 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.

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

The stock has a 50-day moving average of $47.05 and a 200 day moving average of $44.33. The firm has a market cap of $11.56 billion and a P/E ratio of 23.94.

Linear Technology Corp. (NASDAQ:LLTC) last announced its quarterly earnings results on Tuesday, April 19th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. During the same period last year, the firm earned $0.55 earnings per share. The business had revenue of $361.10 million for the quarter, compared to analyst estimates of $359.31 million. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts anticipate that Linear Technology Corp. will post $2.01 earnings per share for the current fiscal year.

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

Other hedge funds and institutional investors have made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Linear Technology Corp. by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 22,177,640 shares of the company’s stock worth $941,884,000 after buying an additional 500,744 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Linear Technology Corp. by 0.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,289,233 shares of the company’s stock worth $139,694,000 after buying an additional 13,441 shares during the last quarter. Winton Capital Group Ltd boosted its position in Linear Technology Corp. by 16.0% in the fourth quarter. Winton Capital Group Ltd now owns 822,310 shares of the company’s stock worth $34,924,000 after buying an additional 113,583 shares during the last quarter. Wells Fargo & Company MN boosted its position in Linear Technology Corp. by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 582,691 shares of the company’s stock worth $24,746,000 after buying an additional 127,244 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its position in Linear Technology Corp. by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 581,568 shares of the company’s stock worth $24,699,000 after buying an additional 19,657 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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