November 28, 2016 - By whatsonthorold
Lam Research Corp EVP – Chief Financial Officer Douglas Bettinger on the November 28, 2016 unloaded a total of 9,956 shares of the corporation worth around $1,064,097 USD. This is at average stock price per share of $106.9 USD. This stock trade by Mr. Douglas – was recorded on November 28, 2016 and revealed in a SEC’s report available here. Currently, Mr. Douglas, has in hand 48,234 shares, which accounts for 0.03% of Lam Research Corp’s market capitalization.
Out of 15 analysts covering Lam Research Corporation (NASDAQ:LRCX), 10 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 67% are positive. $120 is the highest target while $52 is the lowest. The $96.25 average target is -10.05% below today’s ($107) stock price. Lam Research Corporation has been the topic of 31 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Needham maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, October 20 with “Buy” rating. The rating was downgraded by RBC Capital Markets to “Underperform” on Monday, October 5. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Outperform” rating by Cowen & Co on Thursday, December 10. As per Thursday, October 20, the company rating was maintained by B. Riley & Co. On Monday, November 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Thursday, April 21 the stock rating was maintained by B. Riley & Co with “Buy”. Pacific Crest downgraded Lam Research Corporation (NASDAQ:LRCX) on Wednesday, October 12 to “Sector Weight” rating. The rating was maintained by DA Davidson with “Buy” on Thursday, October 6. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 20. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Thursday, October 22.
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.03, from 1.21 in 2016Q1. The ratio turned negative, as 43 funds sold all Lam Research Corporation shares owned while 181 reduced positions. 67 funds bought stakes while 203 increased positions. They now own 181.29 million shares or 1.03% less from 183.18 million shares in 2016Q1.
Rockefeller Financial last reported 0% of its portfolio in the stock. Smithfield Communications accumulated 3,446 shares or 0.05% of the stock. Sei Investments accumulated 36,617 shares or 0.02% of the stock. Greenwood Capital Assocs Ltd owns 4,765 shares or 0.12% of their US portfolio. Moore Cap Limited Partnership holds 0.39% or 120,000 shares in its portfolio. Evercore Wealth Mngmt Ltd Llc accumulated 0% or 570 shares. Winton Group Inc Ltd has invested 0.68% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Calvert reported 8,293 shares or 0.04% of all its holdings. Moreover, Louisiana State Employees Retirement has 0.05% invested in Lam Research Corporation (NASDAQ:LRCX) for 10,500 shares. Citadel Advisors Ltd Liability Com holds 2.43 million shares or 0.23% of its portfolio. Oakworth Cap Inc accumulated 0.01% or 220 shares. Gargoyle Investment Advisor Limited Liability Corporation has invested 1.05% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Paradigm Asset Mgmt Co Ltd Company has 54,095 shares for 0% of their US portfolio. Nationwide Fund Advsrs holds 0.11% or 292,291 shares in its portfolio. Babson Capital Mgmt Llc reported 28,938 shares or 0.06% of all its holdings.
Insider Transactions: Since October 6, 2016, the stock had 0 buys, and 1 sale for $4.70 million net activity. Gottscho Richard A had sold 47,540 shares worth $4.70 million.
About 1.08M shares traded hands. Lam Research Corporation (NASDAQ:LRCX) has risen 34.06% since April 25, 2016 and is uptrending. It has outperformed by 28.04% the S&P500.
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has a market cap of $17.52 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 21.29 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
According to Zacks Investment Research, “Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Company’s products are used selectively to etch away portions of various films to create an integrated circuit.”
Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 25. They expect $2.20 earnings per share, up 40.13% or $0.63 from last year’s $1.57 per share. LRCX’s profit will be $360.12M for 12.16 P/E if the $2.20 EPS becomes a reality. After $1.81 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 21.55% EPS growth.
More news for Lam Research Corporation (NASDAQ:LRCX) were recently published by: Finance.Yahoo.com, which released: “Lam Research Corporation (Nasdaq: LRCX) to Ring The Nasdaq Stock Market ..” on November 17, 2016. Globenewswire.com‘s article titled: “Lam Research Corporation Announces $1.3 Billion Capital Return Program” and published on November 18, 2016 is yet another important article.
Lam Research Corporation, incorporated on October 8, 1989, is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). The Firm operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. The Company’s products are designed to enable its clients build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices and networking equipment. The Company’s customer base includes semiconductor memory, foundry and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. The Firm offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean. The Firm also offers a range of services, including customer service, spares, upgrades, and refurbishment of its deposition, etch and clean products. The Firm also provides refurbished legacy products.
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