Linear Technology Corporation (LLTC) : Traders are bullish on Linear Technology Corporation (LLTC) as it has outperformed the S&P 500 by a wide margin of 25.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 24.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 24.18% in the last 1 week, and is up 29.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 21.07% and the 50-Day Moving Average is 25.46%. Linear Technology Corporation is up 35.84% in the last 3-month period. Year-to-Date the stock performance stands at 43.39%.
Linear Technology Corporation (NASDAQ:LLTC): On Fridays trading session , Opening price of the stock was $60.16 with an intraday high of $60.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $59.735. However, the stock managed to close at $59.99, a loss of 0.84% for the day. On the previous day, the stock had closed at $60.5. The total traded volume of the day was 2,684,055 shares.
Also, Equity Analysts at the Morgan Stanley downgrades the rating on Linear Technology Corporation (NASDAQ:LLTC). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency 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 (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.