Linear Technology Corporation (LLTC) Continues To Be Rated Underperform

Analyst Craig Berger at FBR Capital Markets has released an update on Linear Technology Corporation (NASDAQ: LLTC).

Recent checks conducted on the company indicate that first-quarter revenue is tracking towards the high end of guidance. FBR Capital Markets has raised 2010 EPS estimate from $1.60 to $1.65 and 2011 EPS estimate from $1.75 to $1.80. It believes that the company’s shares are currently reasonably valued; however, with limited gross margin leverage opportunities, shares of the company continue to underperform.

FBR Capital Markets has maintained its Underperform rating and $31 price target for Linear Technology Corporation.