Linear Technology Reaches New 52-Week High (LLTC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Linear Technology (Nasdaq: LLTC) hit a new 52-week high Tuesday as it is currently trading at $36.46, above its previous 52-week high of $36.45 with 1.5 million shares traded as of 2:56 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Linear Technology has a market cap of $8.44 billion and is part of the technology sector and electronics industry. Shares are up 6.4% year to date as of the close of trading on Friday.

Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits (ICs) worldwide. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Linear Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Linear Technology Ratings Report.

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