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LSI Expands Strategic Relationship with ARM to Offer Energy-Efficient Multicore Processors for Networking Applications
Monday, January 23, 2012 - 10:03am | 59LSI Corporation (NYSE: LSI) today announced an expansion of its long-term strategic relationship with ARM, a leader in microprocessor intellectual property. The agreement will lead to new product solutions designed to address critical customer needs for accelerated performance as applications such...
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UPDATE: BMO Capital Markets Raises PT to $32 on Linear Technology, Maintains Perform
Thursday, January 19, 2012 - 2:40pm | 119BMO Capital Markets reiterates its Perform rating on Linear Technology (NASDAQ: LLTC) and raises its price target to $32 from $30 as the company comes off of a bottom. BMO Capital Markets says, "Linear reported FY2Q12 revenues of $294 million, down 11% q-q, and EPS of $0.38, roughly in line with...
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UPDATE: Stifel Nicolaus Raises PT to $38, Maintains Buy on Linear Technology
Thursday, January 19, 2012 - 11:30am | 122Stifel Nicolaus maintains its Buy rating on Linear Technology (NASDAQ: LLTC) and raises its price target to $38 from $34 on earlier-than-expected bookings improvement anticipated in company's earnings conference call. Stifel Nicolaus says, "Revenue of $294.3mn modestly beat our $293.6mn estimate...
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JP Morgan Maintains Underweight, $30 Target on Linear Technology
Thursday, January 19, 2012 - 11:12am | 126JP Morgan reiterates its Underweight rating and $30 target price on Linear Technology (NASDAQ: LLTC) on record inventory and lack of leverage. JP Morgan says, "Revenue of $294.3 million (down 11% QoQ) was at the mid point of guidance of down 9%-13% QoQ, but below our estimate of $300.0...
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UPDATE: Jefferies Raises PT on Linear Technology to $36, Maintains Hold
Thursday, January 19, 2012 - 7:45am | 105Jefferies reiterates its Hold rating on Linear Technology (NASDAQ: LLTC) 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...
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S&P Jumps; First Close Above 1,300 Since July
Wednesday, January 18, 2012 - 6:54pm | 349The U.S. stock market jumped on Wednesday on better than expected housing confidence data and strong earnings from Goldman Sachs (NYSE: GS). A large rally in the semiconductor space also boosted sentiment. The Dow Jones Industrial Average added 97 points to close at 1,2579. The widely watched blue-...
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Semiconductor Space Goes Crazy on Wednesday
Wednesday, January 18, 2012 - 1:39pm | 177A better than expected earnings report from Linear Technology (NASDAQ: LLTC) yesterday after the closing bell has set fire to semiconductor stocks on Wednesday. LLTC shares are up nearly 10% to $32.75 and related names are also surging significantly higher. In particular, Fairchild Semiconductor (...
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Linear Technology Jumps 10% on Earnings Results
Wednesday, January 18, 2012 - 1:27pm | 118Shares of Linear Technology (NASDAQ: LLTC) have added 9.61% to $32.74 on Wednesday after the company reported better than expected quarterly earnings. The company reported adjusted earnings of $104.9 million or $0.45 per share compared to $161.9 million or $0.70 per share in the year ago period....
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Linear Technology up 8.8% After Reporting Upbeat Earnings
Wednesday, January 18, 2012 - 9:53am | 67Linear Technology Corporation (NASDAQ: LLTC) is trading higher in pre-market following last night's earnings announcement. The company reported Q2 EPS $0.45 vs $0.39 estimate and revenues $294.3M vs $293.10 million estimate. Additionally, the company announced it will increase the quarterly...
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Piper Jaffray's Linear Technology Reports Solid Quarter; Increases PT
Wednesday, January 18, 2012 - 9:51am | 122According to a research report published by Piper Jaffray, Linear Technology Corp. (NASDAQ: LLTC) experienced a fantastic quarter and therefore is increasing its price target from $35.00 to $36.00. Piper Jaffray explained in the report, “LLTC came in at the middle of the revenue guidance but beat...
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Benzinga's Top Pre-Market Gainers
Wednesday, January 18, 2012 - 9:13am | 110Linear Technology Corporation (NASDAQ: LLTC) surged 9.57% to $32.73 in the pre-market session. LLTC reported a drop in its fiscal second-quarter revenue and net income. Yahoo Inc (NASDAQ: YHOO) added 3.37% to $15.95 in the pre-market session. Yahoo announced the resignation of the company's co-...
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Piper Jaffray Raises PT on Linear Technology to $36
Wednesday, January 18, 2012 - 7:37am | 27Piper Jaffray has raised the price target on Linear Technology (NASDAQ: LLTC) from $35 to $36 and maintains its Overweight rating.
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Fast Money Picks For January 18th (LLTC, TC, WLK)
Tuesday, January 17, 2012 - 9:53pm | 161On CNBC's Fast Money, Joe Terranova said that he would buy Linear Technology Corporation (NASDAQ: LLTC) on Wednesday. Linear Technology Corporation (LLTC) spiked 8.27% in the after hours after it reported quarterly earnings. Karen Finerman likes Thompson Creek Metals Company, Inc. (NYSE: TC), and...
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Earnings Scheduled For January 17
Tuesday, January 17, 2012 - 5:13am | 440TD Ameritrade Holding Corp (NASDAQ: AMTD) is projected to report its Q1 earnings at $0.26 per share on revenue of $672 million. Forest Laboratories Inc (NYSE: FRX) is estimated to report its Q3 EPS at $1.01 on revenue of $1.18 billion. Wells Fargo & Company (NYSE: WFC) is projected to report...
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Jefferies Reiterates Buy, $8 on Lattice Semiconductor
Wednesday, January 11, 2012 - 12:04pm | 135Jefferies maintains its Buy rating and $8 price target on Lattice Semiconductor (NASDAQ: LSCC) as it believes its product cycle is solid following highlights from CES meeting with company management. Jefferies says, "The company appeared confident about its position and opportunities in the...