Piper Jaffray Favors Linear Technology in High Performance Analog Market

Piper Jaffray is out with its update on the semiconductor industry, favoring Linear Technology LLTC in the high performance analog market. In a note to clients, Piper Jaffray writes, "We are getting multiple data points that the high performance analog market is currently strong. We believe in particular, industrial and communication infrastructure demand is picking up as well as design activity. Within our coverage list we believe that this favors LLTC." At the time of posting, shares of LLTC were trading pre-market at $34.75, up 2.03% from Friday's close.