Jefferies Maintains Hold Rating on Linear Technology

According to Jefferies, Linear Technology 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 decline by 9 to 13% QoQ to $294m (at the mid-pt), which is 12% below consensus expectation of $332m. The stock traded down 435bps after hours.” Linear Technology closed yesterday at $31.