UPDATE: Piper Jaffray Reiterates Overweight Rating, $39 PT for Linear Technology

In a company update released earlier today, Piper Jaffray & Co. reiterated its Overweight rating and $39 price target for Linear Technology Corporation

. Piper Jaffray said in the report “We believe the company is seeing strength from the automotive, industrial, and server and networking end markets as well as its recent acquisition of Dust Networks. Offsetting this strength is slightly weaker than expected wireless infrastructure demand. We would expect wireless infrastructure will start to regain momentum in the next quarter or two.” Linear Technology Corporation closed at $31.52 yesterday.