Lam Research Corporation Can’t Be More Safe. Option Traders Like It

 Lam Research Corporation Can't Be More Safe. Option Traders Like It

In today’s session Lam Research Corporation (LRCX) registered an unusually high (131) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious LRCX increase. With 131 contracts traded and 7324 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LRCX161021C00097500 closed last at: $1.8 or 16.1% up. About 2.47M shares traded hands or 4.22% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 34.79% since March 4, 2016 and is uptrending. It has outperformed by 26.75% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on October, 19. They expect $1.80 earnings per share, down 1.10% or $0.02 from last year’s $1.82 per share. LRCX’s profit will be $302.44 million for 13.85 P/E if the $1.80 EPS becomes a reality. After $1.80 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Out of 12 analysts covering Lam Research Corporation (NASDAQ:LRCX), 9 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 75% are positive. Lam Research Corporation has been the topic of 25 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Overweight” rating by Morgan Stanley on Tuesday, December 15. Susquehanna maintained the shares of LRCX in a report on Monday, September 21 with “Neutral” rating. The rating was maintained by B. Riley & Co with “Buy” on Thursday, October 22. The company was maintained on Thursday, October 6 by DA Davidson. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Underperform” rating given on Thursday, October 22 by RBC Capital Markets. As per Friday, October 9, the company rating was maintained by Needham. As per Friday, August 12, the company rating was maintained by Citigroup. The firm has “Buy” rating by Credit Agricole given on Friday, September 25. On Monday, May 16 the stock rating was maintained by Cowen & Co with “Outperform”. Cowen & Co maintained the shares of LRCX in a report on Thursday, December 10 with “Outperform” rating.

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.”

Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.06, from 1.27 in 2016Q1. The ratio dropped, 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.
Twin Capital Mngmt holds 47,080 shares or 0.3% of its portfolio. The Japan-based Meiji Yasuda Asset Mgmt has invested 0.11% in Lam Research Corporation (NASDAQ:LRCX). Marble Harbor Counsel Lc owns 5,000 shares or 0.1% of their US portfolio. Aperio Group owns 54,591 shares or 0.04% of their US portfolio. Cipher L P accumulated 0.04% or 7,273 shares. Teachers holds 0.13% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 854,413 shares. Gotham Asset Limited Liability, a New York-based fund reported 63,516 shares. Midas Mngmt Corp has 14,000 shares for 0.67% of their US portfolio. Franklin Resource Inc reported 1.42M shares or 0.06% of all its holdings. Natl Bank Of The West holds 40,650 shares or 0.49% of its portfolio. Grassi has 8,250 shares for 0.13% of their US portfolio. Sg Americas Securities Lc holds 15,173 shares or 0.01% of its portfolio. Blackrock Lc, a Delaware-based fund reported 1.67M shares. Pub Sector Pension Board has 0.03% invested in the company for 30,271 shares. Artemis Investment Mngmt Limited Liability Partnership last reported 0.14% of its portfolio in the stock.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has a market cap of $16.76 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 19.12 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

LRCX Company Profile

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.

More news for Lam Research Corporation (NASDAQ:LRCX) were recently published by: Investorplace.com, which released: “Why Salesforce.com, Inc. (CRM), Metlife Inc (MET) and Lam Research Corporation …” on October 06, 2016. Benzinga.com‘s article titled: “8 Stocks To Watch For October 6, 2016” and published on October 06, 2016 is yet another important article.

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