Linear Technology Corp. (NASDAQ:LLTC)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $50.06 and last traded at $49.23, with a volume of 1,735,400 shares traded. The stock had previously closed at $48.47.

A number of equities analysts recently commented on LLTC shares. Credit Agricole SA started coverage on Linear Technology Corp. in a report on Monday, May 16th. They set an “underperform” rating and a $45.00 price target for the company. Wells Fargo & Co. reiterated an “outperform” rating on shares of Linear Technology Corp. in a report on Friday, May 13th. Zacks Investment Research upgraded Linear Technology Corp. from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, June 21st. Goldman Sachs Group Inc. started coverage on Linear Technology Corp. in a report on Thursday, June 2nd. They set a “neutral” rating and a $46.00 price objective for the company. Finally, B. Riley restated a “neutral” rating and set a $44.00 price objective on shares of Linear Technology Corp. in a report on Monday, April 25th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $45.38.

The company has a market capitalization of $14.97 billion and a price-to-earnings ratio of 31.00. The stock’s 50 day moving average is $47.15 and its 200 day moving average is $44.55.

Several hedge funds and institutional investors recently added to or reduced their stakes in LLTC. Eaton Vance Management boosted its position 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. MUFG Americas Holdings Corp boosted its position in Linear Technology Corp. by 11.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 211,896 shares of the company’s stock valued at $8,999,000 after buying an additional 21,795 shares during the last quarter. Victory Capital Management Inc. boosted its position in Linear Technology Corp. by 27.7% in the fourth quarter. Victory Capital Management Inc. now owns 52,535 shares of the company’s stock valued at $2,231,000 after buying an additional 11,384 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position 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. Finally, Principal Financial Group Inc. boosted its position in Linear Technology Corp. by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 356,867 shares of the company’s stock valued at $15,156,000 after buying an additional 7,091 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.

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.