Lam Research Corporation Has Another Very Negative Options Trading Session

 Lam Research Corporation Has Another Very Negative Options Trading Session

In today’s session Lam Research Corporation (LRCX) recorded an unusually high (273) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious LRCX decrease. With 273 contracts traded and 15554 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: LRCX161216P00095000 closed last at: $2.55 or 3.8% down. About 637,415 shares traded hands. Lam Research Corporation (NASDAQ:LRCX) has risen 22.20% since March 28, 2016 and is uptrending. It has outperformed by 17.49% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

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. Lam Research Corporation has been the topic of 30 analyst reports since September 17, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, October 6 by Citigroup. The firm earned “Neutral” rating on Tuesday, October 25 by Goldman Sachs. The rating was initiated by Morgan Stanley on Tuesday, December 15 with “Overweight”. The firm has “Buy” rating given on Thursday, October 22 by B. Riley & Co. B. Riley & Co maintained the shares of LRCX in a report on Thursday, October 20 with “Buy” rating. The firm has “Underperform” rating given on Thursday, October 22 by RBC Capital Markets. The company was maintained on Thursday, December 10 by Cowen & Co. The firm has “Neutral” rating given on Thursday, August 11 by Nomura. The firm earned “Neutral” rating on Monday, September 21 by Susquehanna. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Friday, August 12 by Citigroup.

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 turned negative, 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.
Alpha Windward Ltd holds 0.03% or 420 shares in its portfolio. Quantitative Systematic Strategies Ltd Limited Liability Company accumulated 0.11% or 2,826 shares. World Asset Management holds 0.05% or 15,779 shares in its portfolio. Sandler Cap Mgmt last reported 107,230 shares in the company. Comm Fincl Bank has invested 0.01% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Engineers Gate Manager Limited Partnership accumulated 0.02% or 3,300 shares. Manchester Mgmt Limited Liability last reported 2,517 shares in the company. Westpac Banking has invested 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Moreover, Mckinley Mgmt Lc Delaware has 0.81% invested in Lam Research Corporation (NASDAQ:LRCX) for 198,876 shares. Gateway Inv Advisers Llc accumulated 0.03% or 38,285 shares. Stephens Invest Mgmt Group Ltd Liability Corp last reported 10,073 shares in the company. Moreover, First Personal Fincl Serv has 0% invested in Lam Research Corporation (NASDAQ:LRCX) for 100 shares. The New York-based Rafferty Asset Management Ltd Limited Liability Company has invested 0.16% in Lam Research Corporation (NASDAQ:LRCX). Moreover, Natl Pension Service has 0.09% invested in Lam Research Corporation (NASDAQ:LRCX) for 117,684 shares. Midas Mngmt owns 14,000 shares or 0.67% of their US portfolio.

Insider Transactions: Since October 6, 2016, the stock had 0 insider buys, and 1 insider sale for $4.70 million net activity. $4.70M worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by Gottscho Richard A.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has a market cap of $15.67 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 19.38 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.

Another recent and important Lam Research Corporation (NASDAQ:LRCX) news was published by Investorplace.com which published an article titled: “Why Salesforce.com, Inc. (CRM), Metlife Inc (MET) and Lam Research Corporation …” on October 06, 2016.

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