Linear Technology Corporation (LLTC) has risen sharply, recording gains of 24.56% in the past 4 weeks. However, the stock has corrected -1.77% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 21.54% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Linear Technology Corporation (NASDAQ:LLTC): The stock opened at $58.78 on Friday but the bulls could not build on the opening and the stock topped out at $59.22 for the day. The stock traded down to $58.78 during the day, due to lack of any buying support eventually closed down at $58.93 with a loss of -0.32% for the day. The stock had closed at $59.12 on the previous day. The total traded volume was 4,642,588 shares.
The stock has recorded a 20-day Moving Average of 11.36% and the 50-Day Moving Average is 19.75%. Linear Technology Corporation is up 34.05% in the last 3-month period. Year-to-Date the stock performance stands at 40.86%.
Linear Technology Corporation (LLTC) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $64 and the lowest price target forecast is $44. The average forecast of all the analysts is $58.78 and the expected standard deviation is $6.08.
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.