UBS Maintains a 'Buy' on Linear Technology (LLTC); In-line Results/Strong Outlook - Early Confirmation of Our Positive Cyclical Call

UBS maintains a 'Buy' on Linear Technology (NASDAQ: LLTC) price target raised from $33 to $35.

UBS analyst says, "LLTC reported F2Q Rev/EPS(pf) of $294m/40c, in line with UBSe (cons $295m/39c). For F3Q, LLTC guided revenue to grow 4-8% Q/Q ($306-317m), vs. UBSe of $305m (cons $304m). Based on LLTC’s outlook, we believe that fundamentals for the company & analog sector have bottomed, & revenue should start growing driven by restocking & demand."

UBS maintains FY12 EPS estimate at $1.72 and FY13 at $2.00.

For an analyst ratings summary and ratings history on Linear Technology click here. For more ratings news on Linear Technology click here.

Shares of Linear Technology closed at $29.87 yesterday.

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