January 22, 2018

Analysts Set Lam Research Co. (LRCX) Target Price at $212.89

13 January 2018, 11:21 | Hattie Nash

The institutional investor held 2.57M shares of the major banks company at the end of 2017Q3, valued at $136.21M, down from 2.84 million at the end of the previous reported quarter. City Of London Investment Management Co Ltd who had been investing in Sprott Focus Trust for a number of months, seems to be bullish on the $194.41 million market cap company. The stock has been active on the tape, now trading at $189.12, down from yesterday's close by -1.33%. (NYSE:DAL) has risen 11.83% since January 12, 2017 and is uptrending.

Oakmont Corp increased its stake in Lam Research Corp (LRCX) by 3.83% based on its latest 2017Q3 regulatory filing with the SEC. Strategic Global Advisors Llc bought 7,862 shares as the company's stock rose 32.64% with the market. The company reported $2.24 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.19 by $0.05. Peregrine Asset Advisers Inc who had been investing in Lam Research for a number of months, seems to be bullish on the $30.78B market cap company. The stock increased 2.04% or $1.1937 during the last trading session, reaching $59.7137.

Lam Research declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 14th that allows the company to repurchase $2.00 billion in shares. It has outperformed by 91.16% the S&P500.

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Scout Investments Inc, which manages about $31.17B and $3.65B US Long portfolio, decreased its stake in Electronic Arts Inc (NASDAQ:EA) by 50,653 shares to 48,608 shares, valued at $5.74M in 2017Q3, according to the filing. Finally, UBS Asset Management Americas Inc. increased its stake in Lam Research by 9.5% in the 2nd quarter.

Since September 12, 2017, it had 0 insider purchases, and 2 sales for $1.35 million activity. 10,783 shares were sold by Sear Steven M, worth $604,333 on Monday, December 18. $1.84 million worth of Pool Corporation (NASDAQ:POOL) was sold by SEYMOUR HARLAN F.

Investors sentiment increased to 0.84 in Q3 2017. Its up 0.04, from 1 in 2017Q2. Blair William & Il invested in 4,889 shares. Capital One Natl Association holds 0.02% or 1,607 shares. Invesco Ltd owns 0% invested in Tuesday Morning Corporation (NASDAQ:TUES) for 214,657 shares. Prelude Capital Mngmt Limited owns 227,347 shares for 0.07% of their portfolio. (NASDAQ:ONCE) to report earnings on February, 28. Federated Invsts Inc Pa holds 504,631 shares. Jpmorgan Chase has 0.05% invested in Pool Corporation (NASDAQ:POOL) for 2.02M shares. Arrowstreet Capital Lp reported 0% of its portfolio in Tuesday Morning Corporation (NASDAQ:TUES). Waddell Reed holds 1.55M shares or 0.64% of its portfolio. 639,300 were reported by Timessquare Cap Mngmt Lc. 1,745 were reported by Tower Research Capital Limited Co (Trc). Comerica Savings Bank reported 0.04% of its portfolio in Pool Corporation (NASDAQ:POOL). This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.06%. (NASDAQ:ONCE). Vanguard Gru invested 0.01% of its portfolio in Spark Therapeutics, Inc. Synovus, a Georgia-based fund reported 6,208 shares. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Therefore 100% are positive. Spark Therapeutics had 53 analyst reports since August 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with "Outperform" rating in Wednesday, October 21 report. Nomura upgraded the stock to "Buy" rating in Thursday, December 7 report. The rating was downgraded by RBC Capital Markets to "Underperform" on Monday, October 5. The stock of Credit Suisse Group AG (NYSE:CS) has "Neutral" rating given on Wednesday, November 15 by Macquarie Research. The firm earned "Buy" rating on Thursday, October 20 by Needham. Tru Of Toledo Na Oh stated it has 0.08% in Lam Research Corporation (NASDAQ:LRCX). Therefore 25% are positive. Ross Stores Inc. had 67 analyst reports since August 21, 2015 according to SRatingsIntel. As per Monday, December 5, the company rating was maintained by Deutsche Bank. The rating was upgraded by Pacific Crest on Thursday, March 16 to "Overweight". Morgan Stanley maintained it with "Overweight" rating and $213 target in Wednesday, October 18 report. California Public Employees Retirement Sys has invested 0.11% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). The rating was maintained by RBC Capital Markets with "Outperform" on Friday, January 13. The company was reinitiated on Tuesday, October 25 by Goldman Sachs.

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Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2.

Several other institutional investors have also sold shares of the company. 46 funds opened positions while 60 raised stakes. During the same period in the prior year, the company earned $1.81 earnings per share. Chilton Limited Liability Com holds 0.03% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 1,424 shares. NEWBERRY STEPHEN G also sold $142,500 worth of Lam Research Corporation (NASDAQ:LRCX) on Friday, October 13.

Lam Research announced that its Board of Directors has authorized a share buyback program on Tuesday, November 14th that allows the company to buyback $2.00 billion in outstanding shares. Boston Prtn accumulated 139,164 shares or 0% of the stock. Cleararc holds 0.12% or 4,181 shares. Ahl Prtnrs Llp invested 0.13% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Geode Management Ltd Com owns 10.52M shares or 0.21% of their U.S. portfolio. KeyBanc Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Sunday, November 19. The fund owned 36,337 shares of the semiconductor company's stock after selling 88,100 shares during the quarter. Kentucky Retirement System has 9,905 shares for 0.14% of their portfolio. Finally, Sun Life Financial INC grew its position in Lam Research by 10,672.7% in the 2nd quarter.

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