Placing This Stock in the Hotbed: Lam Research Corporation (NASDAQ:LRCX)

14 October, 2017, 01:12 | Author: Regina Silva

Lam Research Corporation (LRCX) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. The semiconductor company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.09. Lam Research Corporation has recorded a 50-day average of $173.95 and a two hundred day average of $155.48. Wilkins Counsel holds 2.1% or 61,628 shares in its portfolio. 215,408 shares of the stock traded hands. Lam Research Corporation (LRCX) now trades with a market capitalization of $30.75 Billion. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) appreciated by 0.44% at $186.99, after hitting low of $186.11 in an intra-day trade. Janney Montgomery Scott Ltd holds 0.03% or 18,185 shares. The SI to Qiwi Plc Ads's float is 0.33%. About 833,288 shares traded. Steinberg Glob Asset Management owns 14,275 shares or 0.15% of their United States portfolio. Bilfinger SE (ETR:GBF) has declined 0.69% since October 13, 2016 and is downtrending. It has underperformed by 42.94% the S&P500. It last reported revenues of $1.03 billion and EPS of $0.9 for the June 2017, representing 8% top-line growth and 0.9 EPS growth. VMC has risen 0.66% in the 1-month period. It is negative, as 43 investors sold LRCX shares while 255 reduced holdings. 110 funds opened positions while 182 raised stakes. The shares were sold at an average price of $160.50, for a total value of $120,375.00. Ing Groep Nv owns 0.01% invested in Lam Research Corporation (NASDAQ:LRCX) for 1,938 shares. Nationwide Fund Advsrs reported 73,281 shares.

The beta factor is 1.15.Volatility shows sense of how far the stock will fall if the market takes a dive and how high stock will rise if the bull starts to climb. Ahl Ltd Liability Partnership holds 0.09% or 31,329 shares.

Most investors are likely looking for that next stock that is ready to take off running. D E Shaw & accumulated 0.3% or 1.27 million shares. Blackrock holds 7.45 million shares. Clough Cap Prns Lp invested in 86,500 shares. Kentucky Retirement Insurance Trust Fund invested 0.11% in Lam Research Corporation (NASDAQ:LRCX). 625 were accumulated by West Oak Cap Llc.

Bank Pictet & Cie Asia Ltd decreased its stake in Citigroup Inc (C) by 24.19% based on its latest 2017Q2 regulatory filing with the SEC. Investec Asset Mgmt has 1.43 million shares.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Tuesday, April 18th.

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In the most updated research from a number of analysts on Wall Street, the company gets 16 Buys and 0 Sell among 19 analysts. Therefore 53% are positive. Lam Research Corporation had 54 analyst reports since September 17, 2015 according to SRatingsIntel. The Firm operates in target markets and customer divisions. The company was downgraded on Wednesday, September 2 by UBS. The firm has "Market Perform" rating by William Blair given on Thursday, February 4. The analysts, on average, are forecasting a $190.15 price target, but the stock is already up 99.58% from its recent lows. As per Monday, December 19, the company rating was upgraded by Goldman Sachs. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $185.00 target price (up from $145.00) on shares of Lam Research Corporation in a research note on Thursday, July 27th. The stock of XPO Logistics Inc (NYSE:XPO) has "Overweight" rating given on Monday, July 17 by Morgan Stanley.

In other news, COO Timothy Archer sold 6,897 shares of the firm's stock in a transaction dated Wednesday, July 19th. The firm has "Buy" rating by RBC Capital Markets given on Monday, June 5.

Jaffetilchin Investment Partners Llc decreased Vaneck Vectors Etf Tr stake by 69,119 shares to 16,160 valued at $500,000 in 2017Q2. It also reduced Magellan Midstream (NYSE:MMP) stake by 7,967 shares and now owns 114,496 shares. First Tr Excnge Trd Alphadex (FYC) was reduced too.

Since May 18, 2017, it had 0 insider buys, and 3 insider sales for $4.83 million activity. M&T Bancorporation stated it has 0.02% in Lam Research Corporation (NASDAQ:LRCX). After posting $3.11 EPS for the previous quarter, Lam Research Corporation's analysts now forecast 4.82 % EPS growth.

Investors sentiment decreased to 0.98 in 2017 Q2. Its up 0.84, from 1.06 in 2017Q1. Aberdeen Asset Public Ltd Company Uk holds 402,092 shares. 64 funds opened positions while 194 raised stakes. Lam Research Corporation's Return on Equity (ROE) of 26.00% reveals how much profit they generate with money from shareholders. 110,675 are owned by Northern Trust. Tributary Capital Mgmt Limited Liability Company accumulated 12,800 shares. Tower Rech Ltd Liability (Trc) invested 0.02% of its portfolio in Citigroup Inc (NYSE:C). Advent Mngmt De owns 125 shares for 0% of their portfolio.

Analysts await Hershey Co (NYSE:HSY) to report earnings on October, 27. Punch Associates Inv Management Incorporated holds 184,830 shares. Frontier Capital Mgmt Limited Liability Corporation invested in 0.57% or 549,786 shares. Old National Bancorp In owns 12,591 shares for 0.02% of their portfolio. (NYSE:WHG) for 18,620 shares. 3,500 were reported by Scharf Invests Ltd Com. Aperio Group Inc Limited Liability invested 0% of its portfolio in Westwood Holdings Group, Inc. Birch Hill Investment Advsrs Ltd Liability Co invested in 0.15% or 25,000 shares.

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