) and raises its price target to $36 from $34 as the company beats revenue expectations. Jefferies says, "LLTC exceeded Street expectations in revenues by $1m. More importantly, LLTC guided MarQ revs to increase by 6% QoQ at the mid-pt, (330bps above consensus) and commented on improving booking trends in January. This is the first positive revision for a larger cap semiconductor stock in a while, and we view it as consistent with our view that semis should benefit from a restock in 1H12." LLTC closed at $33.32 per share on Wednesday.