Linear Technology Corporation (NASDAQ:LLTC) has tumbled 2.7% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.36% in the last four weeks. The stocks have underperformed the S&P 500 by 1.53% during the past week but Linear Technology Corporation (NASDAQ:LLTC) it has outperformed the index in 4 weeks by 0.44%.
Linear Technology Corporation (NASDAQ:LLTC): The stock opened at $46.01 on Friday but the bulls could not build on the opening and the stock topped out at $47.48 for the day. The stock traded down to $44.94 during the day, due to lack of any buying support eventually closed down at $46.15 with a loss of -3.25% for the day. The stock had closed at $47.70 on the previous day. The total traded volume was 5,338,133 shares.
The company shares have dropped -2.37% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $47.89 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $45.92 and the 200 Day Moving Average price is recorded at $43.90.
On the companys insider trading activities, The officer (VP of Quality & Reliability), of Linear Technology Corp /Ca/, Chantalat V Paul had unloaded 15,000 shares at $45.91 per share in a transaction on April 25, 2016. The total value of transaction was $688,650. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Linear Technology Corporation (NASDAQ:LLTC) . The global brokerage major announces a current price target of $46 per share. Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The rating by the firm was issued on June 2, 2016. Currently the company Insiders own 1.2% of Linear Technology Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.7% . Institutional Investors own 94.45% of Linear Technology Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.16%.
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.