Price Target Update on Linear Technology Corporation (NASDAQ:LLTC)

Linear Technology Corporation (NASDAQ:LLTC) : The most positive equity analysts on Linear Technology Corporation (NASDAQ:LLTC) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $46.2 with an expected fluctuation of $5.73 from the mean.

Other Equity analysts have also commented 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.

Linear Technology Corporation (NASDAQ:LLTC): stock turned positive on Thursday. Though the stock opened at $47, the bulls momentum made the stock top out at $47.67 level for the day. The stock recorded a low of $46.6 and closed the trading day at $47.66, in the green by 2.38%. The total traded volume for the day was 1,834,956. The stock had closed at $46.55 in the previous days trading.

The company shares have rallied 0.78% 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 $46.12 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.

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.

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