In today’s session Lam Research Corporation (LRCX) registered an unusually high (634) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious LRCX increase. With 634 contracts traded and 12914 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LRCX161216C00097500 closed last at: $2.7 or 12.9% down. About 439,485 shares traded hands. Lam Research Corporation (NASDAQ:LRCX) has risen 16.29% since April 5, 2016 and is uptrending. It has outperformed by 14.34% 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. $120 is the highest target while $52 is the lowest. The $95.75 average target is -2.25% below today’s ($97.95) stock price. Lam Research Corporation has been the topic of 30 analyst reports since September 17, 2015 according to StockzIntelligence Inc. As per Thursday, October 20, the company rating was maintained by Stifel Nicolaus. The firm has “Neutral” rating given on Monday, September 21 by Susquehanna. The firm has “Buy” rating by Credit Agricole given on Friday, September 25. On Wednesday, October 12 the stock rating was downgraded by Pacific Crest to “Sector Weight”. Cowen & Co maintained it with “Outperform” rating and $90 target price in Thursday, December 10 report. The firm earned “Buy” rating on Thursday, October 20 by B. Riley & Co. The firm has “Underperform” rating given on Monday, October 5 by RBC Capital Markets. Morgan Stanley initiated the stock with “Overweight” rating in Tuesday, December 15 report. The firm has “Outperform” rating by Cowen & Co given on Wednesday, October 21. The rating was maintained by Citigroup on Friday, August 12 with “Buy”.
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 Q2 2016. Its down 0.06, from 1.27 in 2016Q1. The ratio is 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.
Srb Corporation has 1,847 shares for 0.02% of their US portfolio. Livforsakringsbolaget Skandia Omsesidigt last reported 17,254 shares in the company. Cullen Frost Bankers Inc has invested 0.47% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Frontier Mngmt Lc accumulated 0.6% or 862,882 shares. Vident Investment Advisory Ltd Limited Liability Company has 0.33% invested in the company for 27,862 shares. Pillar Pacific Cap Mgmt Limited Liability Corporation holds 0.05% or 3,325 shares in its portfolio. State Street Corp, a Massachusetts-based fund reported 6.39 million shares. Marietta Invest Prtnrs Ltd Liability accumulated 3,053 shares or 0.09% of the stock. The Manitoba – Canada-based Great West Life Assurance Can has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX). The Minnesota-based Thrivent Financial For Lutherans has invested 0.06% in Lam Research Corporation (NASDAQ:LRCX). Cap Global holds 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 10,000 shares. Odey Asset Mngmt Group Inc Ltd holds 0.25% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 33,600 shares. Sumitomo Mitsui Tru owns 430,718 shares or 0.06% of their US portfolio. Weatherly Asset L P has 16,952 shares for 0.1% of their US portfolio. Amica Mutual Insur accumulated 0.14% or 16,750 shares.
Insider Transactions: Since October 6, 2016, the stock had 0 insider buys, and 1 sale for $4.70 million net activity. Gottscho Richard A sold $4.70M worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, October 6.
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has a market cap of $15.92 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 19.49 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 Nasdaq.com which published an article titled: “Lam Research Corporation Q1 Income Declines 9%” on October 19, 2016.
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