(NASDAQ:LRCX) to Issue $0.50 Quarterly Dividend

Lloyd Doyle
February 24, 2018

Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued. The firm acquired 15,617 shares of the semiconductor company's stock, valued at approximately $2,882,000. Caymus Capital Partners Lp who had been investing in Oasis Pete Inc New for a number of months, seems to be less bullish one the $2.64 billion market cap company. The stock increased 0.12% or $0.01 during the last trading session, reaching $8.2. About 7.68M shares traded. Yandex N.V. (NASDAQ:YNDX) has risen 50.13% since February 23, 2017 and is uptrending. It has outperformed by 76.63% the S&P500.

HL Financial Services LLC lowered its holdings in shares of Lam Research Co. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. The semiconductor company reported $4.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.68 by $0.66. Signature Estate & Investment Advisors LLC lifted its position in shares of Lam Research by 15.2% during the third quarter. The stock increased 1.38% or $2.59 during the last trading session, reaching $190.95. About 724,482 shares traded.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 24th. It has outperformed by 95.47% the S&P500.The move comes after 5 months positive chart setup for the $10.46 billion company. Therefore 71% are positive.

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. The stock of Oasis Petroleum Inc. The firm earned "Buy" rating on Friday, September 25 by Credit Agricole. Summit Redstone initiated the stock with "Buy" rating in Monday, October 3 report. The rating was maintained by TD Securities on Thursday, November 3 with "Buy". The rating was upgraded by Instinet on Thursday, December 7 to "Buy". (NYSE:OAS) has "Neutral" rating given on Friday, March 11 by Goldman Sachs. The company was maintained on Thursday, October 6 by DA Davidson. As per Tuesday, November 7, the company rating was maintained by Stifel Nicolaus. The stock has "Buy" rating by B. Riley & Co on Thursday, October 22. UBS reinitiated Oasis Petroleum Inc. (TSE:WCP) rating on Thursday, January 14. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in Lam Research by 16.4% in the 4th quarter. Price T Rowe Assoc Md invested in 728,052 shares or 0.02% of the stock.

Analysts await Oasis Petroleum Inc. LRCX's profit will be $710.47M for 10.98 P/E if the $4.36 EPS becomes a reality. 11,590 shares were sold by ARCHER TIMOTHY, worth $2.11M. Its up 0.04, from 0.98 in 2017Q2. Johnson Fincl Grp Inc reported 1,348 shares or 0.03% of all its holdings. Ardevora Asset Mngmt Limited Liability Partnership owns 179,500 shares or 0.99% of their United States portfolio. Janus Henderson Group PLC now owns 5,014,215 shares of the semiconductor company's stock valued at $927,828,000 after buying an additional 271,546 shares during the period. Delta Asset Mgmt Ltd Liability Com Tn owns 2,600 shares. First Business Financial Incorporated holds 3,373 shares or 0.12% of its portfolio. At present, 0 analysts call it Sell, while 4 think it is Hold. Tudor Corporation Et Al holds 0.02% in Oasis Petroleum Inc. Norinchukin Bank The holds 0.04% or 12,092 shares. Bluecrest Cap Mngmt Ltd has 0.19% invested in Oasis Petroleum Inc. Greenleaf owns 52 shares.


Investors sentiment increased to 1.02 in Q3 2017. It increased, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Finally, Needham & Company LLC reiterated a "buy" rating and set a $270.00 target price (up from $235.00) on shares of Lam Research in a research report on Thursday, January 25th. Rockland Tru stated it has 31,661 shares or 0.35% of all its holdings. Pinebridge Limited Partnership has 12,538 shares. Us Bankshares De invested in 0.03% or 44,075 shares. Amer National Bank & Trust holds 0.01% or 185 shares. Cornerstone reported 0.07% in Lam Research Corporation (NASDAQ:LRCX). Inv Centers Of America stated it has 0.01% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Scout Invs Inc accumulated 151,506 shares. Aqr Mgmt Lc reported 0.31% stake. Jaffetilchin Invest Partners Ltd Liability has invested 0.38% in Lam Research Corporation (NASDAQ:LRCX). Reinhart Prtn, Wisconsin-based fund reported 1,850 shares.

A number of research firms have recently issued reports on LRCX.

Strategic Global Advisors Llc, which manages about $714.87M and $261.22M US Long portfolio, decreased its stake in Itau Unibanco Hldg Sa (NYSE:ITUB) by 977,490 shares to 30,901 shares, valued at $423,000 in 2017Q3, according to the filing. Therefore 96% are positive. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. The stock has "Outperform" rating by RBC Capital Markets on Friday, January 13. The stock now has a consensus rating of "Buy" and a consensus price target of $232.41. RBC Capital Markets has "Buy" rating and $210.0 target. Lam Research has a one year low of $115.70 and a one year high of $219.70. The company was upgraded on Thursday, March 16 by Pacific Crest. KeyBanc Capital Markets has "Buy" rating and $225.0 target. The rating was maintained by Susquehanna on Monday, September 21 with "Neutral". The stock of Yandex N.V. (NASDAQ:YNDX) has "Buy" rating given on Monday, July 18 by HSBC. (TSE:WCP) rating on Friday, January 6. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since February 24, 2017 and is uptrending.

In other news, insider Seshasayee Varadarajan sold 25,453 shares of the business's stock in a transaction that occurred on Tuesday, January 23rd.

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