October 20, 2017

Lam Research Corporation (LRCX) Earns Buy Rating from Needham & Company LLC

13 October 2017, 09:00 | Hattie Nash

About 100 shares traded. The company has market cap of $30.62 billion. It is down 107.86% since October 12, 2016 and is uptrending. It has outperformed by 91.16% the S&P500. Creative Planning reported 18,779 shares stake. 1607 Capital Partners Llc owns 471,548 shares or 0.5% of their United States portfolio. The Capstone Asset Management Company holds 59,472 shares with $3.17M value, up from 52,678 last quarter. Qualcomm Corp. now has $79.12B valuation. It closed at $118.57 lastly. It has outperformed by 65.96% the S&P500.

Among 35 analysts covering Qualcomm Inc. The rating was downgraded by Bankhaus Lampe on Friday, April 15 to "Sell". Therefore 84% are positive. West Oak Capital Llc acquired 525 shares as Lam Research Corporation (LRCX)'s stock rose 32.64%. William Blair initiated Autodesk, Inc. The stock of QUALCOMM, Inc. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The rating was maintained by RBC Capital Markets with "Underperform" on Thursday, October 22. Canaccord Genuity maintained it with "Buy" rating and $120.0 target in Monday, August 21 report. Needham maintained the shares of LRCX in report on Friday, September 1 with "Buy" rating.

In recent trading day Lam Research Corporation (LRCX) stock showed the move of 0.44% with the closing price of $186.99. The rating was upgraded by Commerzbank on Wednesday, October 26 to "Buy". $779,660 worth of Autodesk, Inc. The insider Underwood Paul D. sold $726,452. LIVERMORE ANN M bought 9,000 shares worth $491,286. 6,638 shares were sold by Blum Steven M, worth $748,143. (NASDAQ:ADSK) on Monday, May 15.

Investors sentiment increased to 1.59 in Q2 2017. This represents a $1.80 annualized dividend and a dividend yield of 0.96%. Dowling Yahnke Ltd Llc invested in 164,351 shares or 0.96% of the stock. 37 funds opened positions while 93 raised stakes. Vanguard Group Inc has 16.16 million shares. Westfield Capital Management LP has invested 0.22% of its portfolio in Autodesk, Inc. Investec Asset Mgmt has 1.43 million shares. Stewart And Patten Lc reported 1.81% of its portfolio in QUALCOMM, Inc. Thrivent Financial For Lutherans accumulated 14,560 shares. Alpha Windward Limited Liability owns 2,680 shares or 0.1% of their USA portfolio. Blackrock holds 7.45 million shares. Old National Bancorp In owns 12,591 shares for 0.02% of their portfolio. (NASDAQ:ADSK) for 147,200 shares. Guardian Life Of America holds 0.01% or 365 shares in its portfolio. Strs Ohio invested 0% of its portfolio in Autodesk, Inc. Arrowstreet Capital Partnership stated it has 539,944 shares. The stock decreased 0.94% or $0.53 during the last trading session, reaching $56.05. (NASDAQ:ADSK) for 504,275 shares. Daiwa Securities Gp, a Japan-based fund reported 11,650 shares. LRCX's profit will be $529.78 million for 14.45 P/E if the $3.26 EPS becomes a reality. The semiconductor company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.25.

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Since May 18, 2017, it had 0 buys, and 3 sales for $4.83 million activity.

About 322,316 shares traded. 2,770 shares were sold by LORD PATRICK J, worth $430,320. Four analysts rating the company a strong buy, fourteen analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $94.11. Therefore 53% are positive.

Lam Research Corporation (NASDAQ:LRCX)'s stock had its "buy" rating reaffirmed by stock analysts at Needham & Company LLC in a report released on Friday. The firm has "Hold" rating by Independent Research given on Thursday, February 16.

The collective rating of 2 for Lam Research Corporation (NASDAQ:LRCX) also leans strongly towards the neutral end of the spectrum. Smithfield Trust Co. now owns 2,382 shares of the semiconductor company's stock worth $337,000 after acquiring an additional 22 shares during the last quarter.

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Market capitalization is just a fancy declare for a comprehensible concept: it is the market value of a company's outstanding shares. The Wisconsin-based Convergence Inv Prtnrs Ltd Liability Co has invested 0.37% in Lam Research Corporation (NASDAQ:LRCX). Vulcan Materials Company (NYSE:VMC) earnings have risen with a quarterly rate of 7% over the last 5 years. Argus initiated coverage on shares of Lam Research Corporation in a report on Tuesday, September 12th. The rating was downgraded by Pacific Crest to "Sector Weight" on Wednesday, October 12.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.14, from 1.12 in 2017Q1. Lam Research Corporation had a return on equity of 26.78% and a net margin of 21.19%.

Several hedge funds have recently made changes to their positions in the company. Oppenheimer & invested in 0.04% or 9,072 shares. 45,325 were reported by Texas Permanent School Fund. Oakworth Capital Incorporated has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX). Lam Research Corporation has $22000 highest and $52 lowest target. Bedrijfstakpensioenfonds Voor De Media Pno accumulated 12,390 shares. Wetherby Asset Management Inc. grew its position in shares of Lam Research Corporation by 0.7% during the second quarter. Brandywine Global Investment Mgmt Ltd Liability Corp invested in 0% or 109 shares. Bokf Na, a Oklahoma-based fund reported 108,798 shares. Utd Advisers Llc reported 14,060 shares or 0.02% of all its holdings. Principal Fincl Group holds 0.01% or 367,683 shares in its portfolio. Moreover, Banque Pictet & Cie has 0.15% invested in Lam Research Corporation (NASDAQ:LRCX). Reinhart Ptnrs holds 1,845 shares.

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