Lam Research (LRCX) Reaches $201.74 After 8.00% Down Move; American Financial Group (AFG)’s Sentiment Is 1.11

April 18, 2018 - By Peter Kolinski

Lam Research Corporation (NASDAQ:LRCX) Logo

American Financial Group Inc (AFG) investors sentiment increased to 1.11 in 2017 Q4. It’s up 0.34, from 0.77 in 2017Q3. The ratio is positive, as 151 active investment managers opened new and increased equity positions, while 136 sold and reduced holdings in American Financial Group Inc. The active investment managers in our database now have: 52.14 million shares, up from 51.31 million shares in 2017Q3. Also, the number of active investment managers holding American Financial Group Inc in top ten equity positions increased from 2 to 3 for an increase of 1. Sold All: 31 Reduced: 105 Increased: 106 New Position: 45.

The stock of Lam Research Corporation (NASDAQ:LRCX) is a huge mover today! The stock decreased 4.99% or $10.59 during the last trading session, reaching $201.74. About 5.35M shares traded or 40.50% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 58.54% since April 18, 2017 and is uptrending. It has outperformed by 46.99% the S&P500.The move comes after 8 months negative chart setup for the $32.87 billion company. It was reported on Apr, 18 by Barchart.com. We have $185.60 PT which if reached, will make NASDAQ:LRCX worth $2.63B less.

Investors sentiment increased to 1.08 in Q4 2017. Its up 0.06, from 1.02 in 2017Q3. It improved, as 40 investors sold Lam Research Corporation shares while 262 reduced holdings. 112 funds opened positions while 215 raised stakes. 140.89 million shares or 3.74% less from 146.35 million shares in 2017Q3 were reported. The Michigan-based Asset Mgmt Inc has invested 0.09% in Lam Research Corporation (NASDAQ:LRCX). Moreover, Shell Asset Mngmt Communications has 0.03% invested in Lam Research Corporation (NASDAQ:LRCX). Prudential Financial invested 0.07% in Lam Research Corporation (NASDAQ:LRCX). Midas Management Corp reported 14,000 shares or 1.02% of all its holdings. Westpac reported 40,283 shares or 0.17% of all its holdings. Moreover, Cibc Mkts has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX). Gmt Cap owns 351,200 shares. Carret Asset Mngmt Ltd Co owns 12,705 shares. Bancorp Of Nova Scotia accumulated 0.02% or 25,440 shares. Pitcairn Com holds 0.28% or 15,470 shares in its portfolio. Chilton Cap Mngmt Lc invested in 1,350 shares. First Merchants invested in 0.15% or 4,666 shares. Thompson Siegel And Walmsley Limited Liability Company owns 352 shares. Reilly Fin Advisors Limited Liability Company accumulated 703 shares. Apriem owns 1,855 shares.

Since October 17, 2017, it had 0 buys, and 8 selling transactions for $20.21 million activity. 1,835 shares were sold by O’Dowd Sarah A, worth $390,194 on Thursday, March 8. 643 shares were sold by NEWBERRY STEPHEN G, worth $128,600. Another trade for 16,574 shares valued at $3.67M was made by ARCHER TIMOTHY on Wednesday, March 21. 25,453 shares were sold by Varadarajan Seshasayee, worth $5.47 million. LORD PATRICK J sold $987,770 worth of stock or 4,656 shares. Another trade for 16,866 shares valued at $3.54 million was made by Gottscho Richard A on Wednesday, March 7. Anstice Martin B had sold 11,200 shares worth $2.52M on Wednesday, March 21.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company has market cap of $32.87 billion. The firm offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer patterning and liner applications in various advanced memory and logic structures. It has a 22.16 P/E ratio. The Company’s thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films.

Among 27 analysts covering Lam Research Corporation (NASDAQ:LRCX), 25 have Buy rating, 0 Sell and 2 Hold. Therefore 93% are positive. Lam Research Corporation had 86 analyst reports since September 17, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 21 by B. Riley & Co. The stock has “Buy” rating by Credit Suisse on Wednesday, October 18. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Monday, June 5 by UBS. RBC Capital Markets maintained the shares of LRCX in report on Thursday, July 27 with “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, April 12. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Outperform” rating given on Friday, January 13 by RBC Capital Markets. As per Monday, October 2, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, October 18 by KeyBanc Capital Markets. Needham maintained the stock with “Buy” rating in Friday, October 9 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Neutral” rating by Citigroup on Thursday, August 3.

Since January 1, 0001, it had 1 insider purchase, and 3 insider sales for $6.50 million activity.

American Financial Group, Inc., through its subsidiaries, provides property and casualty insurance products in the United States. The company has market cap of $10.01 billion. It operates through four divisions: Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other. It has a 21.34 P/E ratio. The firm offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

American Financial Group Inc 401(K) Retirement & Savings Plan holds 100% of its portfolio in American Financial Group, Inc. for 2.85 million shares. New Vernon Investment Management Llc owns 31,147 shares or 3.52% of their US portfolio. Moreover, Fsi Group Llc has 2.07% invested in the company for 22,927 shares. The Germany-based Lingohr & Partner Asset Management Gmbh has invested 1.9% in the stock. Covington Investment Advisors Inc., a Pennsylvania-based fund reported 42,345 shares.

Analysts await American Financial Group, Inc. (NYSE:AFG) to report earnings on May, 2 after the close. They expect $1.94 EPS, up 14.79% or $0.25 from last year’s $1.69 per share. AFG’s profit will be $172.42M for 14.52 P/E if the $1.94 EPS becomes a reality. After $2.20 actual EPS reported by American Financial Group, Inc. for the previous quarter, Wall Street now forecasts -11.82% negative EPS growth.

American Financial Group, Inc. (NYSE:AFG) Institutional Positions Chart

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