MKM Partners Adjusting Estimates on Linear Technology (LLTC); High-Quality Name in Semi Space
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Price: $65.00 --0%
Rating Summary:
1 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
Rating Summary:
1 Buy, 16 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 12 | New: 19
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MKM Partners maintains a 'Neutral' on Linear Technology (NASDAQ: LLTC) price target of $30.00.
Analyst, Daniel Berenbaum, said, "Consistent with our checks and broad management commentary so far this earnings season, LLTC reported essentially in-line 4QFY12 (June) results (EPS missed our estimates by $0.01 and consensus by $0.02 on revenue just under the mid-point of guidance) and guided 1QFY13 (September) light of consensus (mid-point $335mn vs. consensus $340mn). Solid cash flow and a meaningful dividend yield keep us from being overly negative on what we view as one of the highest-quality companies in the semiconductor space, but there is no sign of an expected inventory snapback and end demand seems muted at best."
"Our FY13E revenue/pro forma EPS estimates are $1.38bn/$1.97 (consensus $1.42bn/$2.09); FY14E are $1.46bn/$2.11 (consensus $1.54bn/$2.32)."
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 $30.12 yesterday.
Analyst, Daniel Berenbaum, said, "Consistent with our checks and broad management commentary so far this earnings season, LLTC reported essentially in-line 4QFY12 (June) results (EPS missed our estimates by $0.01 and consensus by $0.02 on revenue just under the mid-point of guidance) and guided 1QFY13 (September) light of consensus (mid-point $335mn vs. consensus $340mn). Solid cash flow and a meaningful dividend yield keep us from being overly negative on what we view as one of the highest-quality companies in the semiconductor space, but there is no sign of an expected inventory snapback and end demand seems muted at best."
"Our FY13E revenue/pro forma EPS estimates are $1.38bn/$1.97 (consensus $1.42bn/$2.09); FY14E are $1.46bn/$2.11 (consensus $1.54bn/$2.32)."
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 $30.12 yesterday.
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