Lam Research Corporation (LRCX) Receiving Somewhat Positive Media Coverage, Study Finds

Angelo Anderson
October 13, 2017

The Glenmede Trust Company Na holds 504,307 shares with $28.92 million value, down from 640,246 last quarter. It turned negative, as 43 investors sold Lam Research Corporation shares while 255 reduced holdings. Xcel Energy Inc (XEL) has risen 13.18% since October 12, 2016 and is uptrending. It has outperformed by 33.53% the S&P500. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Brandywine Managers Llc acquired 3,250 shares as Autodesk Inc (ADSK)'s stock rose 27.21%. Two Sigma Securities LLC increased its stake in shares of Lam Research by 125.2% in the third quarter. Lennar Corp now has $12.98B valuation. It closed at $118.57 lastly. It has outperformed by 18.90% the S&P500. On Tuesday, August 22 the stock rating was maintained by KeyBanc Capital Markets with "Hold".

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. (NASDAQ:ADSK) on Tuesday, August 4 with "Outperform" rating. Financial Bank Of Montreal Can has 0.01% invested in InterDigital, Inc. (NASDAQ:ADSK) on Friday, May 19 to "Neutral" rating. The stock of QUALCOMM, Inc. The firm has "Buy" rating by Goldman Sachs given on Monday, December 19. On Friday, September 1 the stock rating was maintained by Needham with "Buy". Stifel Nicolaus maintained it with "Buy" rating and $116 target in Monday, November 21 report. Canaccord Genuity maintained the shares of ADSK in report on Friday, May 20 with "Hold" rating. The stock has "Hold" rating by Deutsche Bank on Wednesday, March 30. STERLING MICHELLE M also sold $325,654 worth of QUALCOMM, Inc. 6,638 shares were sold by Blum Steven M, worth $748,143. (NASDAQ:ADSK) on Monday, May 15.

Investors sentiment is 1.1 in 2017 Q2. This represents a $1.80 dividend on an annualized basis and a yield of 0.97%. 80 funds opened positions while 143 raised stakes. 187.51 million shares or 1.47% less from 190.31 million shares in 2017Q1 were reported. The semiconductor company reported $2.80 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.55 by $0.25. D E Shaw And has 1.27M shares for 0.3% of their portfolio. American Intll Grp Inc invested in 71,950 shares or 0.01% of the stock. Stewart And Patten Lc reported 1.81% of its portfolio in QUALCOMM, Inc. (NASDAQ:QCOM). Tt Interest holds 103,132 shares. Bedrijfstakpensioenfonds Voor De Media Pno owns 12,390 shares for 0.21% of their portfolio. Cwm Limited Liability Co holds 356 shares. (NASDAQ:QCOM) or 22,251 shares. Gargoyle Investment Advisor Llc holds 31,592 shares or 1.77% of its portfolio. Strs Ohio invested 0% of its portfolio in Autodesk, Inc. Chicago Equity Ltd Liability Corporation accumulated 30,060 shares. Cap Limited Limited Com owns 67 shares for 0% of their portfolio. (NASDAQ:IDCC) for 778 shares. NEWBERRY STEPHEN G had sold 20,047 shares worth $3.01M on Thursday, May 18.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on October, 18. During the same period in the prior year, the business earned $1.18 EPS. LRCX's profit will be $529.82M for 14.34 P/E if the $3.26 EPS becomes a reality. Moreover, Altfest L J & Company Inc has 0.4% invested in Lam Research Corporation (NASDAQ:LRCX) for 4,689 shares.


Since May 18, 2017, it had 0 insider purchases, and 3 sales for $4.83 million activity. About 26,764 shares traded. The insider ARCHER TIMOTHY sold $1.39 million. Therefore 84% are positive. On average, equities analysts predict that Lam Research Corporation will post $12.78 earnings per share for the current year. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. Lam Research Corporation presently has a consensus rating of "Buy" and an average target price of $181.83. As per Monday, May 16, the company rating was maintained by Cowen & Co. The stock of Citigroup Inc (NYSE:C) earned "Hold" rating by Jefferies on Friday, July 7. Needham maintained the stock with "Buy" rating in Thursday, January 26 report. JP Morgan downgraded the stock to "Neutral" rating in Thursday, October 29 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Underperform" rating by RBC Capital Markets on Monday, October 5. The rating was downgraded by Pacific Crest to "Sector Weight" on Wednesday, October 12. Bank Pictet & Cie Asia Ltd who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $198.48 billion market cap company.

Investors sentiment decreased to 0.98 in 2017 Q2.

Several hedge funds have recently made changes to their positions in the company. The shares were sold at an average price of $160.50, for a total value of $120,375.00. Mgmt Pro Incorporated accumulated 0.01% or 360 shares. QIWI has $45 highest and $15.50 lowest target. Oppenheimer Asset Management Inc, a New York-based fund reported 63 shares. The Wisconsin-based Convergence Inv Prtnrs Ltd Liability Co has invested 0.37% in Lam Research Corporation (NASDAQ:LRCX). Odey Holdings AG now owns 810 shares of the semiconductor company's stock worth $115,000 after acquiring an additional 73 shares in the last quarter. Boston Private Wealth Limited Liability Com invested 0.01% of its portfolio in Lennar Corporation (NYSE:LEN). Credit Suisse Ag reported 249,546 shares. Utd Advisers Llc reported 14,060 shares or 0.02% of all its holdings. Tarbox Family Office Inc owns 149 shares or 0.01% of their United States portfolio. Central Asset Invs Mgmt Holdg (Hk) has invested 0.3% in Lam Research Corporation (NASDAQ:LRCX). 1,185,058 shares of the company were exchanged.

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