Linear Technology Corporation (LLTC) : Analyst Rating Update

Linear Technology Corporation (LLTC) : 3 brokerage houses believe that Linear Technology Corporation (LLTC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Linear Technology Corporation (LLTC). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 3.03.

Linear Technology Corporation (LLTC) : The most positive equity analysts on Linear Technology Corporation (LLTC) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $35 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $46.2 with an expected fluctuation of $5.73 from the mean.

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 $45.09 and $44.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.52, notching a gain of 0.46% for the day. The total traded volume was 1,857,699 . The stock had closed at $45.31 on the previous day.

Also, Goldman Sachs initiates coverage on Linear Technology Corporation (NASDAQ:LLTC). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm announces the price target at $46 per share. The rating by the firm was issued on June 2, 2016. The company shares have rallied 5.79% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $48.29 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $46.53 and the 200 Day Moving Average price is recorded at $44.02.

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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