Lam Research (LRCX) Holdings Lifted by Teacher Retirement System of Texas

Lloyd Doyle
May 17, 2018

Also, CEO Martin B. Anstice sold 11,200 shares of the company's stock in a transaction that occurred on Wednesday, March 21st. 215 increased positions while 112 funds amassed positions. On Wednesday, April 18 B. Riley & Co maintained the shares of LRCX in report with "Buy" rating. Point72 Asset Mngmt Ltd Partnership invested in 419,386 shares. 3,319 were accumulated by Wright Serv Incorporated. Retirement Systems Of Alabama invested in 0.07% or 78,479 shares. Credit Agricole S A owns 20,423 shares or 0.25% of their United States portfolio. Loring Wolcott & Coolidge Fiduciary Advsr Llp Ma reported 7 shares stake. 9,079 were reported by Amica Pension Fund Board Of Trustees. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $207,000. Trexquant L P has invested 0.26% in Lam Research Corporation (NASDAQ:LRCX). For the past month, shares are -0.67%. Boston Advsrs Ltd Liability Com stated it has 134,941 shs. Westover Capital reported 0.56% stake. Moreover, Prudential Fincl Inc has 0.07% invested in Lam Research Corporation (NASDAQ:LRCX).

On 11/18/2016 NASDAQ:LRCX - Lam Research announced a quarterly dividend of $0.45 1.69% with an ex dividend date of 12/12/2016 which will be payable on 1/4/2017. State Treasurer State Of Michigan holds 47,460 shares. Zacks Investment Research raised shares of Lam Research from a "hold" rating to a "buy" rating and set a $234.00 target price for the company in a report on Tuesday, January 23rd.

Since January 23, 2018, it had 0 insider buys, and 11 insider sales for $23.41 million activity. Finally, KBC Group NV lifted its position in shares of Lam Research by 732.8% during the 4th quarter.

Bridgeway Capital Management Inc, which manages about $3.34 billion and $9.29 billion US Long portfolio, upped its stake in Nvr Inc (NYSE:NVR) by 2,400 shares to 3,490 shares, valued at $12.24M in 2017Q4, according to the filing. Gottscho Richard A sold $3.54M worth of stock. LRCX has diverse figures for different time frames; starting from week's performance it going forward toward positive percentage of 5.45% in last five regular trading sessions. The most recent short interest data show 7.35% of the company's stock are short sold. The institutional investor held 8.87 million shares of the precious metals company at the end of 2017Q4, valued at $29.18M, up from 8.56M at the end of the previous reported quarter.

Bridgeway Capital Management Inc who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $33.47 billion market cap company. Whereas, in last 21 trading days (one month) was increased 0.14% and increased in last 63 trading days (quarter) of 17.97%. About 2.40M shares traded. Vigilant Capital Mngmt Lc stated it has 2.39% in Lam Research Corporation (NASDAQ:LRCX). LRCX outperformed by 46.99% the S&P 500. It also reduced its holding in Hanesbrands Inc (NYSE:HBI) by 48,730 shares in the quarter, leaving it with 38,777 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT). Lam Research Corporation (NASDAQ:LRCX) at the moment has a 10-month price index of 1.3.


When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. LRCX's profit could be $820.22 million if the current earnings per share of $5.00 is accurate. The semiconductor company reported $4.79 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.41.

Washington Capital Management Inc. decreased its stake in shares of Lam Research (NASDAQ:LRCX) by 20.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. Since May 15, 2017 LRCX has risen 58.54% and is uptrending. Also, Lam Research Corporation (LRCX) needs to expand a 36.4% increase it experienced over the past twelve months. Therefore 96% are positive.

Lam Research Corporation (NASDAQ:LRCX) presently has a 14-day Commodity Channel Index (CCI) of 90.81. $260.58's average target is 27.72% above currents $204.03 stock price. The rating was maintained by Goldman Sachs on Wednesday, April 18 with "Buy". In Thursday, January 25 report Deutsche Bank maintained the stock with "Buy" rating. On Thursday, January 25 the company was maintained by JP Morgan. In general, if the reading goes above -20, the stock may be considered to be overbought. The firm earned "Buy" rating on Thursday, July 27 by Cowen & Co. The Price to Book ratio for Lam Research Corporation NasdaqGS:LRCX is 4.860068. On Wednesday, January 24 the firm has "Buy" rating given by KeyBanc Capital Markets. The stock rating was maintained by KeyBanc Capital Markets with "Buy" on Thursday, April 12. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.25, indicating analysts in general look favorably on the company's future prospects.

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