Linear Technology Corporation (LLTC) Receives ‘Analyst’ Rating

Linear Technology Corporation (LLTC) : The consensus on Linear Technology Corporation (LLTC) based on 15 analyst recommendation on the company stock is 3.13, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 11 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 2 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Linear Technology Corporation (LLTC).

Linear Technology Corporation (LLTC) : Average target price received by Linear Technology Corporation (LLTC) is $58.38 with an expected standard deviation of $6.37. The most aggressive target on the stock is $64, whereas the most downbeat target is $44. 8 financial analysts are currently covering the stock.


Also, Equity analysts at the Brokerage firm Morgan Stanley downgrades its rating on Linear Technology Corporation (NASDAQ:LLTC). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The Analysts at Morgan Stanley 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): After opening at $58.1, the stock dipped to an intraday low of $57.98 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $58.58 and the buying power remained strong till the end. The stock closed at $58.55 for the day, a gain of 0.71% for the day session. The total traded volume was 2,560,342. The stocks close on the previous trading day was $58.14.

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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