Analyst Price Target Update on Linear Technology Corporation (NASDAQ:LLTC)

Linear Technology Corporation (NASDAQ:LLTC): 11 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $46.09 in Linear Technology Corporation (NASDAQ:LLTC). However, the stock price could fluctuate by $ 5.45 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $55 price target with the lower price estimate is calculated at $35

Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Linear Technology Corporation (NASDAQ:LLTC) In a research note issued to the investors, the brokerage major announces price-target of $46 per share.The shares have been rated Neutral. The rating by the firm was issued on June 2, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Chantalat V Paul, officer (VP of Quality & Reliability) of Linear Technology Corp /Ca/, unloaded 15,000 shares at an average price of $45.91 on April 25, 2016. The total amount of the transaction was worth $688,650, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Linear Technology Corporation (NASDAQ:LLTC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.05 points or 0.11% at $47.38 with 1,159,503 shares getting traded. Post opening the session at $47.34, the shares hit an intraday low of $47.21 and an intraday high of $47.75 and the price was in this range throughout the day. The company has a market cap of $11,328 million and the number of outstanding shares have been calculated to be 239,098,190 shares. The 52-week high of Linear Technology Corporation (NASDAQ:LLTC) is $47.887 and the 52-week low is $36.41.

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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