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Jefferies Maintains Hold Rating on Linear Technology
Wednesday, October 19, 2011 - 7:43am | 78According to Jefferies, Linear Technology (NASDAQ: LLTC) Hold rating is maintained. Jefferies said that LLTC posted slightly below consensus SepQ revenues (by $2m) while EPS missed by a penny, driven by weaker-than-expected industrial and communications end markets. “The company guided DecQ to...
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UPDATE: Piper Jaffray Lowers PT on Linear Technology Group to $35
Wednesday, October 19, 2011 - 7:28am | 88Piper Jaffray is out with its report today on Linear Technology (NASDAQ: LLTC), lowering its PT from $39 to $35. In its report, Piper Jaffray writes, "Maintain Overweight rating. Our price target goes to $35 based on 17x FY13 estimate of $2.06 (previously 16x CY12). We raise our multiple from 16x...
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Piper Jaffray Lowers PT on Linear Technology to $35
Wednesday, October 19, 2011 - 6:10am | 28Piper Jaffray has lowered the price target on Linear Technology Corporation (NASDAQ: LLTC) from $39 to $35 and maintains its Overweight rating.
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Piper Jaffray Maintains Overweight Rating on Linear Tech
Monday, October 17, 2011 - 7:31am | 92According to Piper Jaffray, Linear Technology (NASDAQ: LLTC) Overweight rating is maintained. Piper Jaffray said that Linear was one of the first companies to guide revenues down for the September quarter, 6% - 8% and did not have to preannounce. “We believe much of this spending is deferred as...
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Afternoon Losers; National CineMedia Down 18%
Friday, October 14, 2011 - 3:51pm | 96National CineMedia (NASDAQ: NCMI) -18.58% after lowering FY 2011 outlook yesterday. OmniVision (NASDAQ: OVTI) -10.45% on the reports that iPhone 4S does not have a chip made by the company. Youku.com (NASDAQ: YOKU) -7.83% on heavy volume. VistaPrint (NASDAQ: VPRT) -5.91% on heavy volume....
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JP Morgan Maintains Neutral Rating and Establishes $29 PT on Microchip Technology
Friday, October 14, 2011 - 10:02am | 92A report from J.P. Morgan reiterates its Neutral Rating and establishes its $29 price target on Microchip Technology (NASDAQ: MCHP). The report states, “MCHP is trading at 20X our C12 EPS estimate. However, we believe the stock is fairly valued at a 16X multiple, a slight premium to the average...
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J.P. Morgan Publishes SMid Semiconductors Earnings Preview
Friday, October 14, 2011 - 9:59am | 189In the report, JP Morgan writes, “…we believe there is downside risk to our estimates and consensus for 4Q, and we anticipate our companies will guide 4Q revenues in a range of flat to down 8% Q/Q. However, we believe the market has already discounted a larger decline in 4Q, setting the stage for a...
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Benzinga's Top Pre-Market Losers
Friday, October 14, 2011 - 7:51am | 109Depomed Inc (NASDAQ: DEPO) lost 24.36% to $4.75 in the pre-market session. DEPO reported that the drug did not meet all the goals set in a Phase 3 clinical trial. UBS AG (NYSE: UBS) long fell 2.12% to $12.01 in the pre-market trading. Fitch Ratings downgraded UBS' long-term issuer default rating...
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Microchip Technology Sees Q2 Net Sales Down 9.1%; Lowers Guidance
Thursday, October 13, 2011 - 4:16pm | 121Microchip Technology Incorporated (NASDAQ: MCHP) announced today that it expects its net sales for its second quarter of fiscal 2012 ending September 30, 2011, to be down about 9.1% sequentially and be about $340.6 million. On August 4, 2011, Microchip provided guidance of net sales to be down...
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Notable Put Options Activity in Linear Technology
Thursday, October 13, 2011 - 3:37pm | 90Shares of Linear Technology (NASDAQ: LLTC) are higher on the session by 3.38%, currently trading at $31.24. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago the...
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Notable Put Options Activity in Microchip Technology
Wednesday, October 12, 2011 - 11:16am | 92Shares of Microchip Technology (NASDAQ: MCHP) are higher on the session by 1.28%, currently trading at $34.75. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. A short while ago...
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Piper Jaffray Maintain Overweight Rating and $39 PT on Linear Technology
Wednesday, October 12, 2011 - 8:45am | 64Piper Jaffray reiterates its Overweight rating and $39 price target on Linear Technology (NASDAQ: LLTC). In the report, Piper Jaffray writes, “Our price target to $39 based on 16x CY12E EPS of $2.45. Risk factors include overall cyclicality in the semiconductor industry, continued end-market...
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Microchip Launches 8-bit Microcontrollers with Integrated Configurable Logic in 6- to 20-pin Packages
Monday, September 26, 2011 - 8:05am | 43Microchip Technology Inc. (NASDAQ: MCHP), today announced from the Embedded Systems Conference in Boston several new 8-bit PIC microcontrollers that feature configurable logic and a high level of peripheral integration in 6- to 20-pin packages.
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UBS Attempts Solid State Drive ETN Offering
Thursday, September 22, 2011 - 11:26am | 578UBS released two exchange-traded notes (“ETNs”) on September 15 that intend to track the performance of the solid state drive industry. The underlying index was created on August 26, has no performance history or back test information, and is far from being a pure play on the industry. UBS ETRACS...
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UBS Upgrades Linear Technology, Raises PT
Monday, September 19, 2011 - 12:04pm | 52UBS upgraded its Linear Technology (NASDAQ: LLTC) rating from Neutral to Buy and raised its Linear Technology price target from $31 to $34 in a research report published today. Shares of Linear Technology were trading at $29.93 at the time of posting, down 2.06% from Friday's market close.