Linear Technology Corporation (LLTC) : On Friday, The money flowed into the Linear Technology Corporation (LLTC) stock with an uptick to downtick ratio was recorded at 1.91. Transactions worth $2.63 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.37 million. The total money flow into the stock was $1.25 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.46 million of block transactions on upticks. The total money flow in block trades was $1.46 million. In terms of price action, Linear Technology Corporation (LLTC) traded down $0.31 during the session at $47.63. Compared to the previous days closing, the stock was down only by -0.65%. For the week, the stock is -1.98%, over previous weeks closing.
Linear Technology Corporation (LLTC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $55 and the lowest price target forecast is $35. The average forecast of all the analysts is $46.2 and the expected standard deviation is $5.73.
Linear Technology Corporation (NASDAQ:LLTC): stock turned positive on Friday. Though the stock opened at $47.8, the bulls momentum made the stock top out at $48.33 level for the day. The stock recorded a low of $47.38 and closed the trading day at $48.31, in the green by 0.77%. The total traded volume for the day was 2,229,589. The stock had closed at $47.94 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Chantalat V Paul, officer (VP of Quality & Reliability) of Linear Technology Corp /Ca/, had unloaded 15,000 shares at an average price of $45.91 in a transaction dated on April 25, 2016. The total value of the transaction was worth $688,650.
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.