Shares of Linear Technology Corp. (NASDAQ:LLTC) hit a new 52-week high during mid-day 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 analysts recently issued reports on LLTC shares. Jefferies Group restated a “buy” rating on shares of Linear Technology Corp. in a research report on Wednesday, April 20th. Goldman Sachs Group Inc. began coverage on Linear Technology Corp. in a research note on Thursday, June 2nd. They issued a “neutral” rating and a $46.00 target price on the stock. Zacks Investment Research upgraded Linear Technology Corp. from a “sell” rating to a “hold” rating and set a $52.00 target price on the stock in a research note on Thursday, April 21st. Credit Agricole SA began coverage on Linear Technology Corp. in a research note on Monday, May 16th. They issued an “underperform” rating and a $45.00 target price on the stock. Finally, Wells Fargo & Co. reiterated an “outperform” rating on shares of Linear Technology Corp. in a research note on Friday, May 13th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $53.86.

The firm has a 50 day moving average of $47.93 and a 200 day moving average of $44.83. The firm has a market capitalization of $14.62 billion and a price-to-earnings ratio of 29.5866.

Linear Technology Corp. (NASDAQ:LLTC) last posted its earnings results on Tuesday, July 26th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. During the same period in the previous year, the company posted $0.54 EPS. The firm had revenue of $373.77 million for the quarter, compared to analyst estimates of $373.91 million. Linear Technology Corp.’s revenue was down 1.5% on a year-over-year basis. On average, analysts forecast that Linear Technology Corp. will post $2.17 EPS for the current year.

A number of large investors recently modified their holdings of the company. Eaton Vance Management increased its stake in shares of 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 period. MUFG Americas Holdings Corp increased its stake in shares of 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 period. Victory Capital Management Inc. increased its stake in shares of 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 period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of 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 period. Finally, Principal Financial Group Inc. increased its stake in shares of 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 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.

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