QUOTE AND NEWS
Market Intelligence Center  Aug 20  Comment 
Linear Technology Corp (LLTC) is an excellent choice for either a diagonal spread or a covered call expiring in Oct. '14 at the $45.00 level according to MarketIntelligenceCenter.com’s patented algorithms.A covered call on Linear Technology for...
SeekingAlpha  Jul 25  Comment 
By Stephen Simpson, CFA: High-performance analog specialist Linear Technology (NASDAQ:LLTC) runs itself differently than most semiconductor companies; Linear will turn down business that doesn't meet its margin targets and has maintained an almost...
SeekingAlpha  Jul 24  Comment 
Linear Technology Corporation (NASDAQ:LLTC) Q4 2014 Earnings Conference Call July 23, 2014, 11:30 AM ET Executives Paul Coghlan - Chief Financial Officer, Vice President, Finance and Secretary Lothar Maier - Chief Executive Officer...
Motley Fool  Jul 23  Comment 
All three of today's laggards hail from the technology sector and fell even as the stock market hit all-time closing highs today.
Benzinga  Jul 23  Comment 
In a report published Wednesday, Morgan Stanley analyst Craig Hettenbach reiterated an Overweight rating and $54.00 price target on Linear Technology (NASDAQ: LLTC). In the report, Morgan Stanley noted, “In our view, LLTC is poised to...
newratings.com  Jul 22  Comment 
MILPITAS (dpa-AFX) - Chipmaker Linear Technology Corp. (LLTC) reported fourth-quarter net income of $129.74 million or $0.53 per share, compared to $101.94 million or $0.43 per share in the year-ago quarter. Excluding items, adjusted net income...
DailyFinance  Jul 22  Comment 
Linear Technology Corporation (NASDAQ:LLTC), a leading, independent manufacturer of high performance linear integrated circuits, today reported financial results for the fiscal quarter and fiscal year ended June 29, 2014....
Forbes  Jul 18  Comment 
Wall Street is high on Linear Technology, expecting it to report earnings that are up 13% from a year ago when it reports its fourth-quarter earnings on Tuesday, July 22, 2014. The consensus estimate is 51 cents per share, up from earnings of 45...
Market Intelligence Center  Jul 15  Comment 
Linear Technology Corp (LLTC) traded between $47.35 and $47.78 before closing at $47.37 Monday and presents some attractive trading opportunities today according to MarketIntelligenceCenter.com's patented algorithms. The computer program that...
Motley Fool  Jul 10  Comment 
On some key metrics, semiconductor maker Linear Technology outperforms competitors such as Texas Instruments and market leaders such as Intel. Does this make Linear a good long-term investment?




 
TOP CONTRIBUTORS

Linear is a high performance analog semiconductor company. Its products are instrumental in converting digital streams to analog waves and vise versa. People experience the world in analog waves (e.g. sound and light) and not in digital. So the digital revolution thereby increases the need to high performance analog conversion.

Linear also manufactures devices that are used in MP3 players, noise canceling headphones, instrumentation, automobiles, cell phones & cell base stations, and many other leeding edge applications. Devices include; high performance amplifiers, filters, ADC's, DAC's, voltage regulators (boost, buck, and various power devices), voltage references, intelligent battery chargers, battery monitors, high side current amplifiers, oscillators, comparators, RF devices, and many more.

Something that makes LLTC different is that most of the sales force are actually engineers- there are fewer analog engineers than digital engineers. So when they meet with a customer, the sales person can actually aid the process of creating a solution. A colorful anecdote occurred in the making of a camera that takes pictures, a feature that took a long time to come to fruition. The linear salesman was flying back from the meeting and trying to fall asleep but his mind was wondering about how to create a camera flash that could work with a cell phone. With eyes closed the plane passed through a series of clouds creating a strobe like flicker behind his eyelids. It was a eureka moment. When the plane landed, he had already worked up how to substitute a strobe light for a typical camera flash, and the camera phone came to life.

Sales are spread throughout the following industries:

  • Industrial 33%
  • Communications 33% (8% handsets, 10% base stations, 15% networking)
  • Computer 13%
  • Automotive 8%
  • High end consumer 9%
  • Military 4%

Military used to be a much higher percentage but opportunities to enrich features in other areas created significant growth.

Automobiles are of particular challenge. Most electronics work well when temperatures are steady, the machine is not bumped around, and there is no surge in electrical supply. In an automobile all of these harsh conditions exist. Linear's products are used for items such as: LED backlighting, adaptive cruise control, electronic steering and braking, and hybrid/electric car battery monitors. Cars are becoming electronic feature rich and it has been estimated that 40% of the cost of a car in 2010 will be for electronics.

Linear avoids making products that are commodities, and their gross margins are more like a software company than a semiconductor company.

The founder of the company, Mr. Swanson, stepped down as CEO in January of 2005 but continues to serve as Executive Chairman.

The company announced in Mid 2007, the authorization to repurchase $3 billion (approximately 30%) of the outstanding shares.

Linear Technology's competitors include: Analog Devices, Intersil, Maxim, Texas Instruments and National Semiconductor.




References

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