Nomura Securities Maintains a 'Buy' on Linear Technology (LLTC); Q3 Review

April 19, 2012 9:31 AM EDT
Get Alerts LLTC Hot Sheet
Price: $65.00 --0%

Rating Summary:
    1 Buy, 16 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Linear Technology (NASDAQ: LLTC) price target raised from $35 to $37.

Analyst, Romit Shah, said, "For defensive-minded investors, we believe Linear should be a focus name. Forward guidance was good. We are seeing decent leverage. And the stock is trading closer to its trough (14x vs. 12x) than Texas Instruments (NYSE: TXN) (14x vs. 10x), ALTR (19x vs. 11x) and Analog Devices (NYSE: ADI) (15x vs. 11x)...CY12/13E EPS from $1.87/$2.25 to $1.85/$2.40, respectively."

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 $33.05 yesterday.


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