Linear Technology Rises On Unusually High Volume (LLTC)
NEW YORK (TheStreet) -- Linear Technology (Nasdaq:LLTC) is trading at unusually high volume Wednesday with 10.7 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.55 (+11.9%) at $33.42 as of 3:50 p.m. ET. Linear Technology has a market cap of $6.85 billion and is part of the technology sector and electronics industry. Shares are down 0.5% year to date as of the close of trading on Tuesday. Linear Technology Corporation, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits worldwide. The company produces power management, data conversion, signal conditioning, RF and interface ICs, and Module subsystems. The company has a P/E ratio of 12.6, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Linear Technology as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Linear Technology Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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