Linear Technology (NASDAQ:LLTC) Estimates Lowered by Barclays

Linear Technology (NASDAQ:LLTC) had their EPS estimates lowered by Barclays, which could affect sentiment for the overall analog sector.

Barclays says, "Estimates move lower; Could Impact Sentiment: We lower our estimates to $0.55 vs. $0.58 for Mar Q, CY11 to $2.25 from $2.34 prior & establish CY12 at $2.41. While iPad (Nasdaq:AAPL) appears to be the main reason and is Linear specific, we recognize lower guidance could adversely impact sentiment to the analog group notably those who had had longer lead times & some sell in sales recognition such as Texas Instruments (NYSE:TXN) and Maxim (Nasdaq:MXIM), both rated a EW. In the group, we prefer Analog Devices (NYSE:ADI) and Avago (Nasdaq:AVGO), both rated a OW."

Barclays reiterates an "Equalweight" on Linear Technology (LLTC), which closed Thursday at $34.88, gaining $0.32, or 0.93 percent. Barclays raised their price target on Linear from $33 to $35.