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Linear Technology Corporation

5/19/2013, 10:16 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, April 17, 12:26 PM Chip stocks have a rough day (SOXX -2.8%) following Cirrus Logic's warning, light guidance from Linear Technology (LLTC -4.6%) to go with a Q1 beat - Linear sees 1%-4% Q/Q revenue growth for calendar Q2, below a 4.7% consensus - and ho-hum Q1 results/Q2 guidance from Intel. Apple suppliers Broadcom (BRCM -4%), Avago (AVGO -5.5%), STMicroelectronics (STM -6.7%), NXP (NXPI -7%), RF Micro (RFMD -2.8%), and OmniVision (OVTI -3.3%) are among the casualties, but they're far from alone. ANAD -6.2%. STM -5.7%. FSL -5%. ADI -4.5%. TXN -4.4%. Comment! [Tech, On the Move]
Tuesday, April 16, 5:03 PM Linear Tech (LLTC): Q1 EPS of $0.46 beats by $0.02. Revenue of $314.5M (+1% Y/Y) beats by $1.04M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, April 16, 12:10 AM Notable earnings after Tuesday’s close: CSX, IBKR, INTC, LLTC, URI, YHOO Comment! [Earnings]
Monday, April 15, 5:35 PM Notable earnings after Tuesday ’s close: CSX, IBKR, INTC, LLTC, URI, YHOO 2 Comments [Earnings]
Wednesday, January 16, 2:19 PM Chip stocks are outperforming (SOXX +1.1%) in spite of receiving soft top-line numbers from Linear Tech (LLTC +1.4%): the chipmaker missed FQ2 revenue estimates and guided for FQ3 Q/Q revenue growth of 1%-4%, below a 5% consensus. S&P 500 chip companies are already expected to post a 28.7% Y/Y earnings drop for calendar Q4 (per Thomson Reuters), thus expectations are quite low. Intel (INTC +0.9%) reports tomorrow: the consensus revenue forecast of $13.51B is below the midpoint of the chip giant's $13.1B-$14.1B guidance range. Comment! [Tech, On the Move]
Tuesday, January 15, 5:06 PM Linear Tech (LLTC): Q4 EPS of $0.44 beats by $0.04. Revenue of $305.3M (+3.7% Y/Y) misses by $5.24M. Shares -0.6% AH. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, January 15, 12:10 AM Notable earnings after Tuesday’s close: ADTN, LLTC Comment! [Earnings]
Monday, January 14, 5:35 PM Notable earnings after Tuesday’s close: ADTN, LLTC Comment! [Earnings]
Thursday, December 13, 2012, 2:13 PM International Rectifier (IRF -4.3%) is off after receiving a downgrade to Sell from Goldman's James Schneider, who expects shares to underperform during the first stages of a chip industry recovery. Pricing and margin pressure for discrete analog chips, high inventories, and sub-par execution are all cited. Meanwhile, fellow analog names Linear Tech (LLTC -2.9%) and Analog Devices (ADI -1.5%) are slightly underperforming after respectively catching downgrades to Sell and Neutral from Citi. 2 Comments [Tech]
Thursday, October 18, 2012, 1:56 PM Two days after posting its FQ1 report, Linear Technology (LLTC -2.1%) is underperforming thanks to a downgrade to Neutral from Nomura. The firm isn't happy with Linear's guidance for a 5%-10% Q/Q revenue drop, and thinks shares are expensive at 18x estimated 2013 EPS. The firm considers rival Maxim (MXIM -0.9%), which has strong exposure to Samsung and a lower valuation, a better play. FBR argued for Maxim over Linear in July. Comment! [Tech, On the Move]
Tuesday, October 16, 2012, 5:05 PM Linear Technology (LLTC): FQ1 EPS of $0.45 misses by $0.01. Revenue of $335.1M (+2% Y/Y) in-line. Shares -3.3% AH. (PR) Comment! [Earnings, Tech, On the Move]
Tuesday, October 16, 2012, 12:10 AM Notable earnings after Tuesday’s close: APOL, CREE, CSX, FTNT, FULT, IBM, INTC, ISRG, LLTC, URI Comment! [Earnings]
Monday, October 15, 2012, 5:35 PM Notable earnings after Tuesday’s close: APOL, CREE, CSX, FTNT, FULT, IBM, INTC, ISRG, LLTC, URI Comment! [Earnings]
Monday, October 8, 2012, 12:59 PM ISI's Sumit Dhanda downgrades his rating for the chip industry to Neutral, while also downgrading analog chipmakers Texas Instruments (TXN -0.5%), Linear Tech (LLTC -0.7%), Analog Devices (ADI -0.7%), Power Integrations (POWI -3.5%), and Intersil (ISIL -7.3%) in particular. Dhanda, whose move follows a selloff in chip stocks thanks to negative data (I, II), thinks macro issues could lead industry sales to fall 2% in 2013. JPMorgan has also downgraded Intersil, citing PC weakness, share loss, and a possible dividend cut. (previous) Comment! [Tech, On the Move, Quick Ideas]
Tuesday, July 24, 2012, 5:07 PM Linear Technology (LLTC): Q2 EPS of $0.44 misses by $0.03. Revenue of $330M (-8% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Tuesday, July 24, 2012, 12:10 AM Notable earnings after Tuesday’s close: AAPL, ACC, ACE, AFL, ALTR, BRCM, CHRW, COG, CPWR, CTRP, EW, FTI, HTS, IGT, JNPR, LLTC, MTW, NBR, NFLX, NFX, NSC, PLCM, QCOR, RFMD, RHI, RRC, RVBD, SU, TPX, TRIP, TSS 1 Comment [Earnings]