Economy

Lam Research Corporation (NASDAQ:LRCX) Closed 5.2% Above Its 50 Day Average

Artemis Investment Management LLP now owns 167,090 shares of the company's stock worth $17,668,000 after buying an additional 19,118 shares in the last quarter. First Merchants has 0.16% invested in Lam Research Corporation (NASDAQ:LRCX). The stock decreased 0.81% or $0.11 on September 8, reaching $13.55. The dividend payment was $0.450 per share for the quarter or $1.80 on an annualized basis.

Gmt Capital Corp decreased Lam Research Corp (LRCX) stake by 20.5% reported in 2016Q4 SEC filing.

Here is a rundown on some insider market activity for Lam Research Corporation (NASDAQ:LRCX). The Associated Banc-Corp holds 175,689 shares with $18.58 million value, up from 108,376 last quarter.

Lam Research Corporation's P/E ratio is 18.25 and the market value is 27.39B. TICC Capital Corp. (NASDAQ:TICC) has risen 38.21% since September 8, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Among 6 analysts covering Retail Properties of America (NYSE:RPAI), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 15% are positive. KeyCorp reaffirmed an "overweight" rating on shares of Lam Research Corporation in a research report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The rating was downgraded by BMO Capital Markets on Monday, July 10 to "Market Perform". As per Tuesday, October 25, the company rating was reinitiated by Goldman Sachs. Cowen & Co maintained the stock with "Outperform" rating in Wednesday, October 21 report. On Monday, November 21 the stock rating was maintained by Stifel Nicolaus with "Buy". The firm has "Buy" rating by Needham given on Friday, June 16.

For the past 5 years, Lam Research Corporation's EPS growth has been almost 47%. Cowen & Co maintained it with "Outperform" rating and $125 target in Thursday, January 26 report. On Monday, May 16 the stock rating was maintained by Cowen & Co with "Outperform".

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 4th.

Since March 13, 2017, it had 0 buys, and 5 selling transactions for $15.32 million activity.

Lam Research Corporation (LRCX) traded down 1.68% during midday trading on Friday, hitting $165.75. 80,009 shares were sold by Gottscho Richard A, worth $9.96 million on Thursday, March 16. The insider ARCHER TIMOTHY sold $528,931.

Indicating how profitable Lam Research Corporation NASDAQ is relative to its assets, the ROA value is displayed at 14.10%.

Maverick Capital Ltd increased Ebay Inc (NASDAQ:EBAY) stake by 13,740 shares to 93,080 valued at $2.76M in 2016Q4. Hess Corp (NYSE:HES) was reduced too.

Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.14, from 1.12 in 2016Q3. Perkins Coie Tru invested in 433 shares. Morgan Stanley maintained the shares of LRCX in report on Friday, July 7 with "Buy" rating. The institutional investor owned 560,705 shares of the semiconductor company's stock after acquiring an additional 28,662 shares during the quarter. Lam Research Corporation had a net margin of 21.19% and a return on equity of 26.78%. State Street accumulated 0.07% or 6.80M shares.

Shares of Ameren Corporation (NYSE:AEE) are on a recovery track as they have regained 27.84% since bottoming out at $46.84 on October 12, 2016. Focused Wealth Mgmt Inc invested in 0.13% or 2,961 shares. Leavell Inv Mngmt Incorporated invested 0.12% in Lam Research Corporation (NASDAQ:LRCX). Moreover, Citadel Advsr Limited Liability Com has 0.11% invested in Lam Research Corporation (NASDAQ:LRCX) for 1.03M shares.

Lam Research Corporation value Change from Open was at 1.97% with a Gap of 0.19%. Principal Finance Gp Inc holds 0.06% or 438,447 shares in its portfolio. Kcg Holdings stated it has 0% of its portfolio in TICC Capital Corp. Metropolitan Life Insur Ny reported 0.07% in Lam Research Corporation (NASDAQ:LRCX). Its up 0.09, from 1.14 in 2016Q3. 45 funds opened positions while 151 raised stakes. Hartford Investment Mngmt stated it has 1.05% in Bank of America Corp (NYSE:BAC). Jefferies Grp Ltd Co, a New York-based fund reported 1,082 shares. Company insiders own 0.46% of the company's stock. As of the latest earnings report the EPS was $9.24 and is expected to be $12.73 for the current year with 162,454,000 shares outstanding. It increased, as 59 investors sold COST shares while 405 reduced holdings. Chilton Capital Mgmt Limited Liability Corp, Texas-based fund reported 168,785 shares. Reservoir Operations Lp reported 385,428 shares. Next holds 0% in Bank of America Corp (NYSE:BAC) or 100,545 shares. Brown Advisory has 0.35% invested in Bank of America Corp (NYSE:BAC). It dived, as 39 investors sold Lam Research Corporation shares while 225 reduced holdings. Therefore 83% are positive. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, July 27. The firm earned "Buy" rating on Friday, August 12 by Citigroup. Standpoint Research downgraded the stock to "Hold" rating in Thursday, December 1 report. As per Monday, April 4, the company rating was upgraded by Citigroup. 1,729,689 shares of the company were exchanged.

It also increased its holding in Scripps E W Co Ohio (NYSE:SSP) by 451,990 shares in the quarter, for a total of 1.58M shares, and has risen its stake in Pnc Finl Svcs Group Inc (NYSE:PNC).

Tpg Group Holdings Sbs Advisors Inc, which manages about $9.25B US Long portfolio, upped its stake in Quintiles Ims Holdings Inc. Air Methods Corp (NASDAQ:AIRM) was raised too.

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