Linear Technology Corporation (LLTC) Receives Price Target

Linear Technology Corporation (LLTC) : 8 Wall Street analysts covering Linear Technology Corporation (LLTC) believe that the average level the stock could reach for the short term is $58.38. The maximum price target given is $64 and the minimum target for short term is around $44, hence the standard deviation is calculated at $6.37.

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).


Also, Major Brokerage house, Morgan Stanley downgrades its ratings on Linear Technology Corporation (NASDAQ:LLTC). In the latest research report, Morgan Stanley raises the target price from $51 per share to $64 per share. According to the latest information available, the shares are now rated Equal-weight by the analysts at the agency. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on July 27, 2016.

Linear Technology Corporation (NASDAQ:LLTC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.38 and $58.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.66, notching a gain of 0.72% for the day. The total traded volume was 1,416,882 . The stock had closed at $58.24 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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