Economy

Brokers Set Expectations for Lam Research Corporation's Q1 2018 Earnings (LRCX)

The Alpha Windward Llc holds 247 shares with $35,000 value, down from 4,525 last quarter. Lam Research Corp now has $30.39B valuation. The consensus recommendation for stock is 2.00. About 100 shares traded. It has outperformed by 33.53% the S&P500. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Therefore 53% are positive. Qualcomm Inc. had 104 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Hold" rating by Independent Research given on Thursday, August 13. The firm has "Neutral" rating given on Monday, September 21 by Susquehanna. Morgan Stanley reaffirmed an "overweight" rating and issued a $129.00 price target on shares of Lam Research in a research report on Wednesday, April 19th. As per Monday, May 16, the company rating was maintained by Cowen & Co. WFG Advisors LP now owns 2,992 shares of the semiconductor company's stock valued at $423,000 after buying an additional 524 shares in the last quarter. The stock has "Equal-Weight" rating by Barclays Capital on Friday, May 27. (NASDAQ:ADSK), 15 have Buy rating, 2 Sell and 6 Hold. The stock has "Buy" rating by RBC Capital Markets on Monday, October 2. Charter Equity downgraded the stock to "Mkt Perform" rating in Tuesday, January 24 report.

Globus Medical, Inc.is a medical device company. The company has a market cap of $30.38 billion, a P/E ratio of 20.24 and a beta of 1.53. The Firm is focused on three technology areas: cellular wireless technology, Internet of things technology, and, through its Hillcrest Laboratories, Inc. It has a 8.14 P/E ratio. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.96%. Hancock holds 42,445 shares. (NASDAQ:QCOM) or 22,251 shares. Seizert Cap Prns Limited Liability Corporation owns 47,916 shares. 878,960 are owned by Old Mutual Glob (Uk) Ltd. Convergence Prtn Limited Liability Co reported 17,881 shares or 0.37% of all its holdings.

Brandywine Managers Llc increased Autodesk Inc (ADSK) stake by 82.07% reported in 2017Q2 SEC filing. Central National Bank reported 25 shares. Paradigm Capital Mngmt Ny accumulated 2.34% or 786,100 shares. Rhumbline Advisers accumulated 143,448 shares. The company has Relative Strength Index (RSI 14) of 60.53 along with Average True Range (ATR 14) of 0.86. Perkins Coie Tru Company holds 433 shares or 0.03% of its portfolio. Bank Of Hawaii accumulated 22,868 shares or 0.11% of the stock. Adage Ptnrs Ltd Co has 0.04% invested in Autodesk, Inc.

About 418,237 shares traded. Xcel Energy Inc (XEL) has risen 13.18% since October 12, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.

Investors sentiment decreased to 0.98 in 2017 Q2.

ATR remains at 1.57 while Beta component of the stock stands at 0.57. BRILLIANCE ASSET MANAGEMENT Ltd boosted its holdings in shares of Lam Research Corporation by 58.1% during the 2nd quarter. 110 funds opened positions while 182 raised stakes. North Star Asset Mgmt, Wisconsin-based fund reported 107,497 shares. It worsened, as 36 investors sold LEN shares while 139 reduced holdings.

VMware, Inc. (VMW) exchanged hands at an unexpectedly low level of 1.53 million shares over the course of the day.

Bilfinger SE is an global industrial services provider. NEWBERRY STEPHEN G also sold $3.01 million worth of Lam Research Corporation (NASDAQ:LRCX) shares. Hartford Mngmt holds 0.1% or 35,060 shares. Pub Sector Pension Inv Board holds 0.01% or 23,112 shares. Investec Asset Mgmt has 1.43 million shares. DA Davidson also issued estimates for Lam Research Corporation's Q4 2018 earnings at $3.24 EPS, Q1 2019 earnings at $3.47 EPS, Q2 2019 earnings at $3.22 EPS and Q4 2019 earnings at $3.76 EPS. Marietta Investment Partners Llc acquired 8,619 shares as Lam Research Corp (LRCX)'s stock rose 32.64%. Bluefin Trading Ltd Liability has invested 0.75% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). The stock closed at $186.18 by scoring 0.69%. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. 45,325 were reported by Texas Permanent School Fund. Oakworth Capital Incorporated has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX). Westfield Capital Management LP has invested 0.22% of its portfolio in Autodesk, Inc.

Alpha Windward Llc increased Kohls Corp (NYSE:KSS) stake by 11,236 shares to 12,296 valued at $475,000 in 2017Q2. It also reduced De Luxe Corp (NYSE:DLX) stake by 75 shares and now owns 325 shares. Cooper Companies (NYSE:COO) was raised too.

Since May 18, 2017, it had 0 insider purchases, and 3 sales for $4.83 million activity. Rockefeller Fincl Svcs holds 0% in Lam Research Corporation (NASDAQ:LRCX) or 650 shares. Shares for $430,320 were sold by LORD PATRICK J on Tuesday, June 13. The shares were sold at an average price of $162.75, for a total transaction of $244,125.00.

Lam Research Corporation (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 26th. After $0.70 actual EPS reported by QUALCOMM, Inc. for the previous quarter, Wall Street now forecasts -1.43% negative EPS growth. LRCX's profit will be $529.78 million for 14.45 P/E if the $3.26 EPS becomes a reality.

The average 1-year price target for Lam Research Corporation (LRCX) - averaging the work of different analysts - reveals a mean PT of $190.15/share.

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