Linear Technology Corporation (LLTC) : Traders are bullish on Linear Technology Corporation (LLTC) as it has outperformed the S&P 500 by a wide margin of 21.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.25%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.22% in the last 1 week, and is up 21.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Linear Technology Corporation is up 30.09% in the last 3-month period. Year-to-Date the stock performance stands at 41.58%. The stock has recorded a 20-day Moving Average of 1.5% and the 50-Day Moving Average is 14.86%.
Linear Technology Corporation (NASDAQ:LLTC): The stock opened at $58.79 on Friday but the bulls could not build on the opening and the stock topped out at $59.04 for the day. The stock traded down to $58.74 during the day, due to lack of any buying support eventually closed down at $58.91 with a loss of -0.03% for the day. The stock had closed at $58.93 on the previous day. The total traded volume was 1,325,173 shares.
Also, Equity analysts at the Brokerage firm Morgan Stanley downgrades its rating on Linear Technology Corporation (NASDAQ:LLTC). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Morgan Stanley raises the price target from $51 per share to $64 per share. The rating by the firm was issued on July 27, 2016.
Linear Technology Corporation (Linear Technology) is engaged in designing, manufacturing and marketing a line of high performance analog integrated circuits for companies across the world. Linear Technology produces power management, data conversion, signal conditioning, RF and interface ICs, Module subsystems, and wireless sensor network products. The Company produces a range of products for a variety of customers and markets. The Companys SmartMesh IP and SmartMesh WirelessHART technology offers wireless network based solutions using low power electronic components, board level products with mesh networking and software addressing high level applications such as industrial process automation, data center energy management, building energy management, renewable energy monitoring, and transportation management systems.