November 30, 2016 - By Hazel Jackson
Christine Heckart, director of Lam Research Corp is the insider, our company want to tell you about. Mr. Christine submitted an electronic document with the DC-based SEC disclosing a sale for 2,000 shares of the Pinksheet-listed company, the one she is an insider in. At the time of the selling, the average market stock price of Lam Research Corp was $107.3, making the shares block worth $214,580 USD. The regulatory filing shows that Christine Heckart now holds exactly 0.01% of the California-based company’s market cap (total dollar market value of all company’s outstanding shares)
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 -9.54% below today’s ($106.4) stock price. Lam Research Corporation has been the topic of 31 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Needham maintained the stock with “Buy” rating in Friday, October 9 report. The stock has “Neutral” rating given by Nomura on Thursday, August 11. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Outperform” rating by Cowen & Co on Monday, May 16. Citigroup maintained the stock with “Buy” rating in Friday, August 12 report. The firm earned “Underperform” rating on Thursday, October 22 by RBC Capital Markets. The firm earned “Underperform” rating on Monday, October 5 by RBC Capital Markets. The stock has “Outperform” rating given by Cowen & Co on Thursday, December 10. The firm has “Buy” rating by Citigroup given on Thursday, October 6. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Stifel Nicolaus on Thursday, October 20. The rating was maintained by B. Riley & Co with “Buy” on Thursday, October 20.
Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.03, from 1.21 in 2016Q1. The ratio dived, 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.
Eventide Asset Mngmt Limited has invested 3.44% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Sensato Investors Limited Com accumulated 108,851 shares or 1.48% of the stock. Wells Fargo And Mn holds 0.03% or 1.06M shares in its portfolio. New York State Teachers Retirement Systems last reported 321,182 shares in the company. Rainier Mngmt Ltd Liability Corporation accumulated 0.7% or 172,720 shares. Highbridge Capital Ltd Liability Corporation reported 123,725 shares or 0.17% of all its holdings. Guardian Trust has 0% invested in the company for 63 shares. Cutter & Brokerage has invested 0.17% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Paradigm Asset Lc holds 0% or 54,095 shares in its portfolio. Deroy And Devereaux Private Inv Counsel, a Michigan-based fund reported 154,990 shares. Thrivent Financial For Lutherans has 159,595 shares for 0.06% of their US portfolio. Pension Ser holds 0.09% or 117,684 shares in its portfolio. Moreover, Reinhart Prns has 1.63% invested in Lam Research Corporation (NASDAQ:LRCX) for 193,460 shares. M&T Commercial Bank last reported 0.03% of its portfolio in the stock. Legacy Private Tru Co last reported 4,800 shares in the company.
Insider Transactions: Since October 6, 2016, the stock had 0 insider purchases, and 2 sales for $5.76 million net activity. $1.06M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by Bettinger Douglas R. $4.70 million worth of Lam Research Corporation (NASDAQ:LRCX) was sold by Gottscho Richard A.
About 1.08 million shares traded hands. Lam Research Corporation (NASDAQ:LRCX) has risen 32.85% since April 27, 2016 and is uptrending. It has outperformed by 27.62% 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 $17.45 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 21.17 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 $360.84 million for 12.09 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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