Economy

Lam Research Corporation Earnings Ahead: Quick Glance

The company has been improving on WFE market share significantly since 2013 and expects to continue making gains, going forward. The Creative Planning holds 18,779 shares with $2.66M value, up from 9,680 last quarter. Fedex Corp now has $59.59 billion valuation. The stock decreased 4.60% or $5.56 on October 13, reaching $115.42. Another trade for 8,942 shares valued at $1.39M was made by ARCHER TIMOTHY on Monday, June 12. Stifel Nicolaus reiterated a "buy" rating and issued a $189.00 target price (up previously from $170.00) on shares of Lam Research Corporation in a research report on Monday, June 19th. It has outperformed by 2.32% the S&P500.

Origin Asset Management Llp decreased Lam Research Corp (LRCX) stake by 25.97% reported in 2017Q2 SEC filing. BDO Wealth Advisors LLC acquired a new stake in shares of Lam Research Corporation during the second quarter worth $118,000. 24,938 were reported by Weiss Asset Management Lp. DA Davidson also issued estimates for Lam Research Corporation's Q1 2018 earnings at $3.26 EPS, 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. The stock increased 1.56% or $2.91 on October 13, reaching $189.9. About 1.56 million shares traded.

Over the past five trading sessions shares of Lam Research Corporation (NASDAQ:LRCX) are 2.74%; 10.04% for the month; 20.97% for the last quarter; 49.14% for the past six-months; and 94.31% for the last 12 months. It has outperformed by 91.16% the S&P500.

Since May 18, 2017, it had 0 insider purchases, and 3 selling transactions for $4.83 million activity. The insider LORD PATRICK J sold 2,770 shares worth $430,320. This translates into $529.77 million profit for LRCX giving the stock a 14.56 P/E. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by Goldman Sachs on Monday, December 19. Therefore 84% are positive. On average, analysts predict that Lam Research Corporation will post $12.88 EPS for the current fiscal year. Cowen & Co maintained the stock with "Hold" rating in Friday, October 6 report. The company has a market capitalization of $30.85 billion, a P/E ratio of 20.55 and a beta of 1.53. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Neutral" rating by Nomura on Thursday, August 11. FormFactor is trading at a lower price-to-earnings ratio than Lam Research Corporation, indicating that it is now the more affordable of the two stocks. The rating was maintained by B. Riley & Co with "Buy" on Thursday, July 27.

On Monday, September 11th, Stephen G. Newberry sold 750 shares of Lam Research Corporation stock. Lam Research Corporation now has a consensus rating of Buy and an average target price of $183.67. The firm has "Buy" rating by Maxim Group given on Tuesday, May 30. This represents a $1.80 dividend on an annualized basis and a yield of 0.95%. It increased, as 33 investors sold ATHN shares while 65 reduced holdings. 110 funds opened positions while 182 raised stakes. The stock was sold at an average price of $160.50, for a total value of $120,375.00. Aviance Cap Ltd Liability Com invested 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Wetherby Asset Management Inc. increased its holdings in shares of Lam Research Corporation by 0.7% in the 2nd quarter. The semiconductor company reported $3.11 EPS for the quarter, beating the consensus estimate of $3.02 by $0.09. Sumitomo Mitsui Trust Holdings Inc. now owns 560,705 shares of the semiconductor company's stock valued at $79,301,000 after acquiring an additional 28,662 shares in the last quarter. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth. Sumitomo Mitsui Hldgs invested in 0.12% or 560,705 shares. Bank & Trust Of Nova Scotia holds 0.04% or 59,872 shares in its portfolio. Legacy Cap Ptnrs has invested 0.21% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Huntington National Bank & Trust holds 1,667 shares. Nasdaq.com's news article titled: "Anatomy of Success: Lam Research Corporation (LRCX)" with publication date: September 22, 2017 was also an interesting one. About 1.56M shares traded. Scout Invests holds 133,424 shares.

Neuberger Berman Group Llc increased Juniper Networks (NYSE:JNPR) stake by 17,359 shares to 30,287 valued at $844,000 in 2017Q2. It also upped Southwest Airls Co (NYSE:LUV) stake by 27,000 shares and now owns 265,549 shares. Alexion Pharmaceuticals Inc (NASDAQ:ALXN) was raised too.

FormFactor now has a consensus target price of $17.14, suggesting a potential upside of 16.03%.

Investors sentiment decreased to 1.01 in Q2 2017. Its up 0.18, from 0.92 in 2017Q1. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/16/lam-research-corporation-lrcx-shares-sold-by-maverick-capital-ltd.html. 112 funds opened positions while 318 raised stakes. Segall Bryant & Hamill Lc holds 0.19% of its portfolio in W W Grainger Inc (NYSE:GWW) for 44,567 shares. Oaktop Capital Mgmt Ii Limited Partnership holds 294,504 shares. The number of shares now owned by investors are 164.45 mln. Harvey Mngmt stated it has 0.23% of its portfolio in FedEx Corporation (NYSE:FDX). Gratry Co Ltd Limited Liability Company owns 3,340 shares for 0.58% of their portfolio. Amica Mutual Insurance has 0.22% invested in Lam Research Corporation (NASDAQ:LRCX). The count of Hold ratings in that period was 2. Employees Retirement Of Texas reported 105,200 shares or 0.31% of all its holdings. Regions Fincl Corporation owns 0.03% invested in Lam Research Corporation (NASDAQ:LRCX) for 16,287 shares.



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