EPS for Lam Research Corporation (LRCX) Expected At $3.26

Angelo Anderson
September 29, 2017

LRCX is now undervalued by -6.31% relative to the average 1-year price target of $191.47 taken from a group of Wall Street Analysts. For LRCX, the company now has $2.38 Billion of cash on the books, which is offset by $908.44 Million current liabilities. About 895,669 shares traded. About 2.56M shares traded. It is down 71.87% since September 28, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. Horizon Investment Services Llc sold 3,067 shares as the company's stock rose 32.64% with the market. During the same quarter in the previous year, the company posted $1.57 earnings per share.

Several analysts recently weighed in on the company. The stock has risen 98.09% since then. It has outperformed by 91.16% the S&P500. The company's a year ago sales total was 1.63 Million.

IF Bancorp, Inc.is the holding company for Iroquois Federal Savings and Loan Association. More interesting news about UMH Properties, Inc (NYSE:UMH) were released by: Seekingalpha.com and their article: "UMH Properties' (UMH) CEO Samuel Landy on Q1 2017 Results - Earnings Call ..." published on May 10, 2017 as well as Prnewswire.com's news article titled: "UMH Properties, Inc". The insider ARCHER TIMOTHY sold $1.39M. BidaskClub lowered Lam Research Corporation from a "strong-buy" rating to a "buy" rating in a report on Wednesday, June 14th. Therefore 30% are positive. To forecast a stock's future performance, analysts use momentum indicators, which take into account the size and speed of these price movements. As per Friday, December 2, the company rating was upgraded by Longbow. The firm earned "Neutral" rating on Monday, September 21 by Deutsche Bank. On Tuesday, June 13 the stock rating was maintained by UBS with "Buy". The company was initiated on Friday, October 21 by Longbow. As per Monday, June 5, the company rating was maintained by RBC Capital Markets. Seaport Global Securities has "Buy" rating and $27 target. 63 shares valued at $992 were bought by QUIGLEY KENNETH K JR on Monday, May 15. The stock has "Hold" rating by Investec on Wednesday, November 11. DA Davidson restated a "buy" rating and set a $175.00 price objective on shares of Lam Research Corporation in a research note on Wednesday, July 26th.

Investors sentiment decreased to 1.01 in 2017 Q2. Its down 0.14, from 1.12 in 2017Q1. 64 funds opened positions while 258 raised stakes. First Personal Fincl reported 204 shares. Pittenger Anderson reported 0.03% stake. Edgemoor Advsr invested 0.57% in Weyerhaeuser Co (NYSE:WY). The institutional investor owned 6,000 shares of the company's stock after selling 500 shares during the period. Wfg Ltd Partnership invested in 0.01% or 1,641 shares. Perhaps, that suggests something about why 95.47% of the outstanding share supply is held by institutional investors. Old Second Financial Bank Of Aurora has 83,166 shares for 1.2% of their portfolio. Sg Americas Ltd Llc owns 87,797 shares. Northern Trust has 0% invested in YuMe Inc (NYSE:YUME). Origin Asset Management Llp stated it has 211,467 shares or 1.84% of all its holdings. Fincl Bank Of Montreal Can owns 1.34M shares or 0.18% of their United States portfolio. Spark Investment Management Limited Co holds 192,300 shares. LRCX's profit will be $529.68M for 13.82 P/E if the $3.26 EPS becomes a reality. The semiconductor company reported $3.11 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.02 by $0.09.

The share price of the company (NASDAQ:LRCX) was up +5.87%, with a high of 180.62 during the day and the volume of Lam Research Corporation shares traded was 3040314. Its down 0.14, from 1.12 in 2017Q1. It fall, as 43 investors sold LRCX shares while 255 reduced holdings.


These funds have shifted positions in (LRCX). 1,789 were reported by Wetherby Asset Mngmt. The original version of this piece can be read at https://weekherald.com/2017/09/28/zacks-investment-research-downgrades-lam-research-corporation-lrcx-to-hold.html.

08/03/2017 - Lam Research Corporation was downgraded to "neutral" by analysts at Citigroup. 1832 Asset Lp, Ontario - Canada-based fund reported 133,000 shares. Gamco Et Al accumulated 0% or 27,000 shares.

Oppenheimer & Close Llc holds 0.97% of its portfolio in IF Bancorp Inc for 48,250 shares. Leuthold Ltd Llc has 108,743 shares for 1.65% of their portfolio. Lam Research Corporation has a 52-week low of $90.56 and a 52-week high of $172.56.

Murphy Capital Management Inc. decreased its position in Lam Research Co. Laffer Invs invested in 0% or 16,995 shares. Qs Ltd Liability has invested 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Shine Advisory Ser, Colorado-based fund reported 158 shares. Murphy Capital Management Inc.'s holdings in Lam Research were worth $770,000 at the end of the most recent quarter. Herndon Cap Mgmt Ltd Liability holds 0% or 65 shares. Therefore 84% are positive. Lam Research Corporation earnings have risen with an annualized rate of 47% over the last 5 years. The firm has "Overweight" rating given on Tuesday, December 15 by Morgan Stanley. Janus Capital Management grew its holdings in Lam analysis Corporation by 13.7% during the Q1. The firm earned "Buy" rating on Thursday, October 20 by Stifel Nicolaus. RBC Capital Markets has "Buy" rating and $185.0 target. General Motors Co now has $58.93B valuation. Argus Research has "Buy" rating and $196.0 target.

Since May 18, 2017, it had 0 buys, and 3 sales for $4.83 million activity. NEWBERRY STEPHEN G had sold 20,047 shares worth $3.01 million on Thursday, May 18.

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