(NASDAQ:LRCX) Holdings Lifted by Neuberger Berman Group LLC

Lloyd Doyle
January 13, 2018

Peregrine Asset Advisers Inc increased its stake in Lam Research (LRCX) by 1394.73% based on its latest 2017Q3 regulatory filing with the SEC. City Of London Investment Management Co Ltd bought 71,023 shares as the company's stock rose 0.79% with the market. The institutional investor held 249,369 shares of the industrial machinery and components company at the end of 2017Q3, valued at $46.14 million, up from 240,160 at the end of the previous reported quarter. Lam Research Co. The firm has a market cap of $30,630.00, a PE ratio of 17.27, a PEG ratio of 0.90 and a beta of 1.57. The stock decreased 1.33% or $2.54 during the last trading session, reaching $189.12. About 2.82 million shares traded or 5.41% up from the average.

In other Lam Research news, Director Michael R. Cannon sold 9,000 shares of the company's stock in a transaction that occurred on Thursday, November 16th. It has outperformed by 91.16% the S&P500.

City Of London Investment Management Co Ltd, which manages about $4.21B and $1.39B US Long portfolio, decreased its stake in Ishares Msci Korea (EWY) by 15,375 shares to 163,425 shares, valued at $11.29M in 2017Q3, according to the filing. It also increased its holding in Five Prime Therapeutics Inc (NASDAQ:FPRX) by 20,700 shares in the quarter, for a total of 217,700 shares, and has risen its stake in Fibrogen Inc. 10,783 shares were sold by Sear Steven M, worth $604,333 on Monday, December 18. Its down 0.17, from 1.53 in 2017Q2. Sumitomo Mitsui Trust Hldg invested in 0.15% or 555,360 shares. Nationwide Fund reported 0.01% stake. Pennsylvania Tru holds 0.01% or 3,850 shares in its portfolio. Invesco Ltd owns 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 214,657 shares. (NASDAQ:ONCE) to report earnings on February, 28. Johnson Invest Counsel Inc holds 0.01% or 1,496 shares. (NASDAQ:ROST). Bbva Compass Bancorporation Inc has invested 0.02% in Ross Stores, Inc. Cap One Association reported 0.14% of its portfolio in Pool Corporation (NASDAQ:POOL). Pathstone Family Office Limited Liability Corp holds 200 shares or 0.03% of its portfolio. Comerica Fincl Bank holds 69,522 shares. 639,300 were reported by Timessquare Cap Mngmt Lc. 3,379 were reported by Stratos Wealth Limited. Dubuque State Bank holds 155 shares. Pittenger Anderson holds 1,715 shares or 0.03% of its portfolio. (NASDAQ:ONCE). Vanguard Gru invested 0.01% of its portfolio in Spark Therapeutics, Inc. Alps Advsr Inc reported 8,248 shares. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Therefore 68% are positive. Cowen & Co maintained the stock with "Outperform" rating in Wednesday, October 21 report. As per Saturday, August 22, the company rating was downgraded by Zacks. KeyBanc Capital Markets has "Buy" rating and $225.0 target. The company was downgraded on Monday, October 12 by Sidoti. Wedbush upgraded the stock to "Hold" rating in Tuesday, December 12 report.

In related news, insider Martin B. Anstice sold 21,955 shares of the stock in a transaction dated Friday, November 17th. The firm earned "Neutral" rating on Wednesday, October 18 by Citigroup. Looking at the stock's movement on the chart, Lam Research Corporation recorded a 52-week high of $219.70. Therefore 91% are positive. Tuesday Morning had 8 analyst reports since August 24, 2015 according to SRatingsIntel. Instinet raised Lam Research from a "neutral" rating to a "buy" rating in a research note on Thursday, December 7th. The rating was upgraded by Pacific Crest on Thursday, March 16 to "Overweight".

Lam Research Corporation (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 25th. As per Monday, November 21, the company rating was maintained by Stifel Nicolaus. Goldman Sachs Grp Inc has invested 0.12% in Lam Research Corporation (NASDAQ:LRCX).

Lam Research declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 14th that permits the company to buyback $2.00 billion in outstanding shares.


Since September 11, 2017, it had 0 buys, and 10 insider sales for $7.30 million activity. Insiders sold a total of 32,019 shares of company stock worth $6,761,951 in the last 90 days.

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It increased, as 17 investors sold ONCE shares while 19 reduced holdings. 87 funds opened positions while 207 raised stakes. During the same period in the prior year, the company earned $1.81 earnings per share.

Lam Research Corporation (LRCX) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. ARCHER TIMOTHY also sold $2.75 million worth of Lam Research Corporation (NASDAQ:LRCX) on Monday, September 18. Prudential Financial reported 331,044 shares or 0.1% of all its holdings. Cantab Capital Prns Llp, United Kingdom-based fund reported 10,884 shares.

Several research firms recently issued reports on LRCX. Pictet Asset Management Limited accumulated 93,120 shares. Ardsley Advisory Prtnrs stated it has 4,000 shares. Lam Research Corporation now has a consensus rating of "Buy" and a consensus target price of $119.18. Mutual Of America Capital Mngmt Ltd Liability Company holds 0.12% or 38,227 shares in its portfolio. The Illinois-based Ativo Capital Management Llc has invested 0.26% in the stock.

Whale Rock Capital Management Llc increased Lam Research Corp (LRCX) stake by 19.79% reported in 2017Q3 SEC filing. Patten Gru has 145 shares for 0% of their portfolio. Kentucky Retirement System has 9,905 shares for 0.14% of their portfolio. Bollard Group LLC acquired a new stake in shares of Lam Research in the third quarter worth $130,000.

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