Since I haven't yet actually bought shares for my own account, I suppose I should be relieved that Linear Technology
Nevertheless, I'm still a long-term fan of this high-end analog chipmaker. Sales this quarter were up 15% from last year, and about 5% from the fiscal third quarter. And though both average selling prices (ASPs) and gross margins eroded a bit, they didn't drop enough to really worry me. As for profits . well, it depends whether you want to go with reported or adjusted numbers. Reported growth of 7% isn't anything to get excited about, but when you adjust both periods for option expense, you get a growth rate of 13%, and that's good enough.
Given what I wrote earlier today about ASML
Much as I think Linear is one of the best chip companies out there -- if not the best -- the future seems to this Fool to be mostly about boosting the top line. Linear already has fantastic margins, and with companies like Intersil
It's getting very tempting to buy these shares, even with the summer doldrums making the markets a little trickier. By the same token, other chip stocks out like Silicon Labs
For more chippy Foolishness:
- Intersil Still on the Attack
- OmniVision and the Blurry Mobile Market
- Can Linear Draw a Line to Profits?
Fool contributor Stephen Simpson has no financial interest in any stocks mentioned . yet (that means he's neither long nor short the shares).