Linear Technology Corporation (LLTC) is Upgraded by Citigroup to Neutral

Linear Technology Corporation (LLTC) was Upgraded by Citigroup to ” Neutral”. Earlier the firm had a rating of “Sell ” on the company shares. Citigroup advised their investors in a research report released on Jul 27, 2016.

Many Wall Street Analysts have commented on Linear Technology Corporation. Linear Technology Corporation was Upgraded by Raymond James to ” Mkt Perform” on Jul 27, 2016. Goldman Initiated Linear Technology Corporation on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $46.Credit Agricole Initiated Linear Technology Corporation on May 17, 2016 to “Underperform”, Price Target of the shares are set at $45.

On the company’s financial health, Linear Technology Corporation reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.50. The company had revenue of $361.10 million for the quarter, compared to analysts expectations of $359.29 million. The company’s revenue was down -2.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

Linear Technology Corporation opened for trading at $59.41 and hit $60.54 on the upside on Thursday, eventually ending the session at $60.5, with a gain of 2.14% or 1.27 points. The heightened volatility saw the trading volume jump to 64,20,347 shares. Company has a market cap of $14,465 M.

In a different news, on Apr 25, 2016, V Paul Chantalat (VP of Quality & Reliability) sold 15,000 shares at $45.91 per share price. According to the SEC, on Apr 22, 2016, David A Quarles (VP INTERNATIONAL SALES) sold 2,000 shares at $46.17 per share price. On Feb 25, 2016, Robert C Dobkin (VP of Engineering and CTO) sold 24,539 shares at $43.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

Linear Technology Corporation

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Linear Technology Corporation - Is it time to Sell?

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