Analyst Rating Update on Linear Technology Corporation (LLTC)

Linear Technology Corporation (LLTC) : 16 analysts are covering Linear Technology Corporation (LLTC) and their average rating on the stock is 3.13, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 2 more analyst has given the stock a Sell recommendation. A total of 12 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Linear Technology Corporation (LLTC) : Average target price received by Linear Technology Corporation (LLTC) is $58.78 with an expected standard deviation of $6.08. The most aggressive target on the stock is $64, whereas the most downbeat target is $44. 9 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Morgan Stanley downgrades the rating on Linear Technology Corporation (NASDAQ:LLTC). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency 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 (NASDAQ:LLTC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.99 and $58.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $59.22, notching a gain of 0.08% for the day. The total traded volume was 2,981,780 . The stock had closed at $59.17 on the previous day.

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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