The company, which designs, manufactures and markets a variety of analog integrated circuits for companies around the world, reported a 4% rise in quarterly revenue to $348 million from $334 million in the previous quarter.
Revenue for the third quarter rose 10.6% from the $314 million reported in the same quarter in 2013.
Net income of $117.6 million increased 6.0% over the third quarter of 2013.
Diluted earnings per share of $0.48 in the third quarter of fiscal year 2014 increased 9.1% over the second quarter of fiscal year 2014, and increased 4.3% over the third quarter of fiscal year 2013, the company said.
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TheStreet Ratings team rates LINEAR TECHNOLOGY CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate LINEAR TECHNOLOGY CORP (LLTC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."