RSS Updates
Email UpdatesLinear Technology Corp. (NASDAQ: LLTC) is actually the first of the real semiconductor sector stocks to report earnings this January for the quarter-end of December 2009. The maker of linear integrated circuits reported earnings of $0.33 EPS on revenues of $256.4 million. Thomson Reuters had estimates pegged at $0.31 EPS and $247.05 million for revenues. For the coming quarter, Linear’s strong second quarter bookings and a positive book-to-bill ratio has allowed the company to guide revenues up by 7% to 10% on a sequential basis. That would translate to revenues of $274.3 to $282 million versus a Thomson Reuters consensus estimate of $257.55 million in revenues. Where this gets interesting is how this plays into the related shares.
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Posts for Ticker ‘LLTC’
Linear Sets Tone For Semiconductor Stock Earnings (LLTC, MXIM, SMH)
Soros Fund Holdings
Yesterday Soros Fund Management Filed a 13-F outlining the fund’s long portfolio as of September 30th, 2009. The total value of the holdings reported in the filing is $6,198,089. Twenty holdings represented roughly 50% of the value. Soros Fund Management is a hedge fund management company that invests primarily based on macroeconomic analysis. It should be noted that the fund’s equity portfolio likely contains significant short positions, which are not reported in 13-F filings. Some of the positions in the filing may be in place as hedges or part of a multi-part trade, rather than a directional bet. With that in mind, a glance at this firm’s major holdings provides clues to its macroeconomic outlook.
Total stakes in Petroleo Brasileo Brasileiro (NYSE: PBR) represent 9.23% of the value of the positions reported in the filing, with just over 13 million shares held. This is down from by 2.3 million from the fund’s last filing. Read More
Top 10 Tech Earnings on Deck (INTC, LLTC, ADTN, XLNX, ASML, IBM, AMD, FCS, GOOG, NOK)
We have many key technology stocks reporting earnings this coming week. Intel Corporation (NASDAQ: INTC) will start things off to give us a read on semiconductors and PCs. Linear Technology Corp. (NASDAQ: LLTC), ADTRAN, Inc. (NASDAQ: ADTN), Xilinx, Inc. (NASDAQ: XLNX), ASML Holding N.V. (NASDAQ: ASML), International Business Machines (NYSE: IBM), Advanced Micro Devices (NYSE: AMD), Fairchild Semiconductor International, Inc. (NYSE: FCS), Google Inc. (NASDAQ: GOOG), and Nokia Corp. (NYSE: NOK) are also all on deck for earnings this week.
We have compiled Thomson Reuters figures for the consensus estimates and appropriate performance data where needed. We based the comparisons for the June 30 close to see how these have performed in the latest quarter and we also looked for that big inflection date of March 9 to see how much these have rallied from the height of the market panic selling.
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Top Analyst Downgrades (ASCA, BAC, BYD, LLTC, SAFM)
These are some of the top pre-market analyst downgrades we have seen early this Tuesday morning from Wall Street:
Ameristar Casinos (ASCA) Cut to Neutral at JPMorgan.
Bank of America (BAC) Started as Underperform at Wachovia.
Boyd Gaming (BYD) Cut to Underweight at JPMorgan.
Linear Tech (LLTC) Cut to Hold at Canaccord.
Sanderson Farms (SAFM) Cut to Neutral at JPMorgan.
JON C. OGG
Top Pre-Market Analyst Upgrades (ABMD, ASML, CBG, EMR, LLTC, MATK, NFLX, PEP)
These are some of the top pre-market analyst upgrades and positive calls which we have seen early this Wednesday morning:
Abiomed (ABMD) Raised to Buy at UBS.
ASML (ASML) Raised to Buy at ING.
CB Richard Ellis (CBG) Raised to Overweight at JPMorgan; Raised to Outperform at JMP.
Emerson Electric (EMR) Cut to Neutral at Goldman Sachs.
Linear TEch (LLTC) Raised to Overweight at Thomas Weisel.
Martek Biosciences (MATK) Started as Buy at Cantor.
Netflix (NFLX) Started as Market Perform at William Blair.
Pepsico (PEP) Raised to Buy at UBS.
JON C. OGG
Top Early Bird Analyst Calls (JBT, XPRT, PTRY, SNY, ERIC, LLTC, MXIM, NSM, NFC, RTP, SAI)
These are some of the top pre-market analyst upgrades, downgrades, and initiations we are seeing early this Monday morning with more than two hours until the open:
- John Bean Technologies (JBT) Started as Buy at Janney Montgomery.
- LECG Corp. (XPRT) Raised to Buy at UBS.
- Pantry Inc. (PTRY) Raised to Outperform at FBR.
- Sanofi-Aventis (SNY) Raised to Overweight at Morgan Stanley.
- Ericsson (ERIC) Cut to Underperform at Credit Suisse.
- Linear Tech (LLTC) Cut to Underperform at FBR.
- Maxim Integrated (MXIM) Cut to underperform at FBR.
- National Semiconductor (NSM) Cut to Market Perform at FBR.
- Nationwide Financial (NFC) Cut to Neutral at UBS.
- Rio Tinto (RTP) Cut to Hold at Canaccord.
- SAIC (SAI) Cut to Underweight at JPMorgan.
Jon C. Ogg
November 24, 2008
Top Pre-Market analyst Downgrades (CEO, EXC, LLTC, NRG, PVH, POWI, TXN, WFMI)
These are some of the top pre-market analyst downgrades and negative calls we are seeing from Wall Street this Tuesday morning:
- CNOOC (CEO) Cut to Hold at Deutsche bank.
- Excelon (EXC) Cut to Hold at Jefferies.
- Linear Tech (LLTC) Cut to Market Perform at Raymond James.
- NRG Energy (NRG) Cut to Hold at Jefferies.
- Phillips-Van Heusen (PVH) Cut to Neutral at JPMorgan.
- Power Integrations (POWI) Cut to Market Perform at Raymond James.
- Texas Instruments (TXN) Cut to Market Perform at Raymond James.
- Whole Foods (WFMI) Cut to Underperform at Jefferies.
Jon C. Ogg
October 21, 2008
The 52-week Low Club (YHOO)(WY)(LLTC)
Jones Apparel (JNY) Profit warning. Drops to $9.26 from 52-week high of $23.08.
Liz Claiborne (LIZ) Pulled down by JNY news. Falls to $9.75 from 52-week high of $31.93.
Weyerhaeuser (WY) Tried to raise prices. Customers said "no". Sells down to $37.16 from 52-week high of $78.
Linear Technology (LLTC) Forecast weak for next quarter. Plunges to $20.53 from 52-week high of $37.77.
Yahoo! (YHOO) Wall St. hates internet and possible AOL deal. Down to $11.88 from $34.88.
Douglas A. McIntyre
Linear Tech’s Stock Implosion (LLTC)
Linear Technology Corporation (NASDAQ: LLTC) may be causing more damage to chips and technology component stocks than anything else this morning. The maker of high-performance linear integrated circuits showed that revenue increased 1% to a record of $310.4 million over the previous quarter’s revenue of $307.1 million and a 10% gain from a year earlier. Non-GAAP earnings were $0.53 per share, up $0.02 sequentially and $0.08 year-over-year.
Top Pre-Market Analyst Upgrades (ACE, AUTH, CMCSA, IFX, LLTC, MCHP, SOLF, HOT)
These are not all of the upgrades and positive analyst calls affecting shares, but these are some of the calls impacting shares pre-market this Thursday morning:
- Ace Limited (NYSE: ACE) Raised to Buy from Hold at Citigroup.
- AuthenTec (NASDAQ: AUTH) Started as Overweight at JPMorgan.
- Comcast (NASDAQ: CMCSA) raised to Buy at Goldman Sachs.
- Infineon Tech (NYSE: IFX) Started as Buy at Jefferies.
- Linear Tech (NASDAQ: LLTC) Raised to Buy from Neutral at UBS.
- Microchip Technology (NASDAQ: MCHP) Raised to Buy from Neutral at UBS.
- Solarfun Power (NASDAQ: SOLF) Started as Buy at Jefferies.
- Starwood Hotels & Resorts (NYSE: HOT) Raised to Outperform at Wachovia.
Jon C. Ogg
July 17, 2008
Top 10 Pre-Market Analyst Calls (ANF, ASTI, ASMI, NILE, CHU, CSX, DPS, LLTC, QCOM, WOOF )
These are ten of the analyst calls we are focusing on this Tuesday morning in pre-market trading:
- Abercrombie (NYSE: ANF) cut to Market Perform at FBR.
- Ascent Solar (NASDAQ: ASTI) started as Neutral at Jefferies.
- ASM Intl NV (NASDAQ: ASMI) started as Underperform at Jefferies.
- Blue Nile (NASDAQ: NILE) Started as Underweight at Thomas Weisel.
- China Unicom (NYSE: CHU) cut to Neutral at Credit Suisse.
- CSX Corp (NYSE: CSX) cut to Neutral at UBS.
- Dr Pepper Snapple (NYSE: DPS) started as Underweight at JP Morgan.
- Linear Tech (NASDAQ: LLTC) cut to Neutral at UBS.
- Qualcomm (NASDAQ: QCOM) Started as Buy at Goldman Sachs.
- VCA Antech (NASDAQ: WOOF) Started as Neutral at Piper Jaffray.
Jon C. Ogg
June 3, 2008
Top 10 Pre-Market Analyst Calls (AAPL, MT, BLK, BRCM, CCL, RCL, DELL, LLTC, NSM, PSUN, JAVA)
These are ten of the analyst calls we are keying in on this Friday morning:
- Apple (NASDAQ: AAPL) added to CONVICTION BUY LIST at Goldman Sachs; stock up 2% pre-market.
- ArcelorMittal (NYSE: MT) raised to Buy at Goldman Sachs.
- BlackRock (NYSE: BLK) Raised to Outperform from Market Perform at Wachovia.
- Broadcom (NASDAQ: BRCM) started as Neutral at Robert W. Baird.
- Carnival (NYSE: CCL) and Royal Caribbean (NYSE: RCL) downgraded at Morgan Stanley.
- Dell (NASDAQ: DELL) Raised to Overweight at Morgan Stanley; stock up 2% pre-market.
- Linear Tech (NASDAQ: LLTC) cut to Hold at Deutsche Bank.
- National Semi (NYSE: NSM) raised to Buy at Deutsche Bank.
- Pacific Sunwear (NASDAQ: PSUN) cut to Neutral at Piper Jaffray.
- Sun Microsystems (NASDAQ: JAVA) Cut to Underweight at Morgan Stanley; stock indicated down 1% pre-market.
Jon C. Ogg
May 23, 2008
Top 10 Pre-Market Analyst Calls (MT, DISCA, FNSR, GILD, GMXR, JDSU, LLTC, NU, UEIC, WMB)
These are some of the research calls we are looking at this morning that are impacting shares in early pre-market trading:
- Arcelor Mittal (NYSE: MT) raised to Buy at Deutsche Bank.
- Discovery Holding (NASDAQ: DISCA) raised to Neutral at Credit Suisse.
- Finisar (NASDAQ: FNSR) started as Outperform at Morgan Keegan.
- Gilead Sciences (NASDAQ: GILD) downgraded to Market Perform from outperform at Bernstein Research.
- GMX Resources (NASDAQ: GMXR) started as Buy at Jefferies.
- JDS Uniphase (NASDAQ: JDSU) started as Market Perform at Morgan Keegan.
- Linear Tech (NASDAQ: LLTC) raised to Buy from hold at UBS.
- Northeast Utilities (NYSE: NU) raised to Buy from hold at UBS.
- Universal Electronics (NASDAQ: UEIC) downgraded to Hold from Buy at Deutsche Bank.
- Williams Companies (NYSE: WMB) raised to Outperform at RBC Capital Markets.
Jon C. Ogg
February 22, 2008
Short Interest: NASDAQ Semiconductor Stocks (June, 2007)
Stock Tickers: QQQQ, NVDA, MXIM, AMAT, INTC, KLAC, MCHP, SNDK, ISIL, ALTR, ATML, LLTC, NVLS, ONNN, XLNX, IDTI
This pretty much confirms the rise in the June-2007 short interest of NYSE-listed chip stocks that we observed last week. Here is the short interest for June 2007 versus May 2007, and we noted the change on each.
Stock (Ticker) June May Change
NVIDIA (NVDA) 20.7M 11.7M +76.5%
Maxim Integrated Prod. (MXIM) 11.9M 9.16M +29.8%
Applied Materials (AMAT) 53M 41.59M +27.48%
Intel (INTC) 100.1M 81.2M +23.3%
KLA-Tencor (KLAC) 21.14M 17.1M +23.2%
Microchip Tech. (MCHP) 8.77M 7.64M +14.8%
SanDisk (SNDK) 24.57M 21.58M +13.9%
Intersil Corp. (ISIL) 7.86M 7.76M +1.2%
Altera (ALTR) 22.1M 21.9M +1%
Atmel (ATML) 10.6M 9.70M +9.9%
Linear Tech (LLTC) 18.4M 18.4M flat
Novellus (NVLS) 15.1M 15.3M -1.1%
ON Semiconductor (ONNN) 24.1M 25.5M -5.7%
RAMBUS (RMBS) 7.62M 8.27M -7.9%
Xilinx (XLNX) 21.28M 23.9M -10.9%
Integrated Device Tech. (IDTI) 4.27M 5.56M -23%
The NASDAQ 100 Trust (QQQQ) saw its short interest rise more than 26%, with its short interest carried at 197.6 million shares in June compared to 156.6 million in May.
Jon C. Ogg
June 27, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
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