QUOTE AND NEWS
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?
Market Intelligence Center  Jul 9  Comment 
After closing Tuesday at $47.44, Linear Technology Corp (LLTC) presents an attractive opportunity to get a 4.47% return in just 136 days, which is an annualized return of 11.99% (for comparison purposes only). To enter this trade, sell one Nov....
Forbes  Jun 18  Comment 
In afternoon trading on Wednesday, Technology & Communications stocks are the worst performing sector, showing a 0.1% loss. Within that group, F5 Networks (NASD: FFIV) and Linear Technology (NASD: LLTC) are two of the day's laggards, showing a...
Market Intelligence Center  Jun 3  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithms on Linear Technology Corp (LLTC) could yield about 2.76% (13.63% annualized, for comparison purposes only) in 74 days. Pair a long position in the stock with the Aug....
Market Intelligence Center  May 19  Comment 
Linear Technology Corp (LLTC) presents a trading opportunity that offers a 3.99% return in just 89 days. A covered call on Linear Technology at the $44.00 level expiring on Aug. '14 offers an assigned return rate of 3.99% or 16.38% annualized....
TheStreet.com  Apr 17  Comment 
NEW YORK (TheStreet) -- Shares of Linear Technology Corporation are trading higher 3.33% to $46.57 on Thursday after the company released its financial results for the third quarter of 2014. The company, which designs, manufactures and markets...
Benzinga  Apr 17  Comment 
In a report published Thursday, 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, “Results were below expectations due to...
SeekingAlpha  Apr 16  Comment 
Linear Technology Corporation (LLTC) F3Q 2014 Earnings Conference Call April 16, 2014 11:30 ET Executives Paul Coghlan - Chief Financial Officer Bob Swanson - Executive Chairman and Founder Lothar Maier - Chief Executive Officer ...




 
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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