Lam Research Corp (NASDAQ:LRCX) Institutional Investors Q3 2017 Sentiment

January 13, 2018 - By Ellis Scott

 Lam Research Corp (NASDAQ:LRCX) Institutional Investors  Q3 2017 Sentiment

Sentiment for Lam Research Corp (NASDAQ:LRCX)

Lam Research Corp (NASDAQ:LRCX) institutional sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. The ratio improved, as 294 funds increased and opened new positions, while 289 sold and reduced their positions in Lam Research Corp. The funds in our partner’s database now hold: 146.35 million shares, down from 149.22 million shares in 2017Q2. Also, the number of funds holding Lam Research Corp in their top 10 positions increased from 20 to 25 for an increase of 5. Sold All: 51 Reduced: 238 Increased: 207 New Position: 87.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company has market cap of $30.53 billion. The firm offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer patterning and liner applications in various advanced memory and logic structures. It has a 17.21 P/E ratio. The Company’s thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films.

The stock decreased 0.32% or $0.61 during the last trading session, reaching $188.51. About 2.79 million shares traded or 3.93% up from the average. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 13, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 24. They expect $3.67 earnings per share, up 63.84 % or $1.43 from last year’s $2.24 per share. LRCX’s profit will be $594.33M for 12.84 P/E if the $3.67 EPS becomes a reality. After $3.46 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 6.07 % EPS growth.

Cypress Funds Llc holds 9.85% of its portfolio in Lam Research Corporation for 260,000 shares. Oaktop Capital Management Ii L.P. owns 294,504 shares or 9.11% of their US portfolio. Moreover, Rgm Capital Llc has 8.45% invested in the company for 442,062 shares. The California-based Oakmont Corp has invested 7.8% in the stock. Peregrine Asset Advisers Inc., a Oregon-based fund reported 58,190 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 10 insider sales for $7.30 million activity.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Ratings analysis reveals 91% of Lam Research Corporation’s analysts are positive. Out of 23 Wall Street analysts rating Lam Research Corporation, 21 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $52 while the high is $270. The stock’s average target of $194.05 is 2.94% above today’s ($188.51) share price. LRCX was included in 69 notes of analysts from September 17, 2015. Citigroup maintained it with “Neutral” rating and $200 target in Wednesday, October 18 report. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Thursday, December 7 by Nomura. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Monday, October 2 by RBC Capital Markets. Credit Agricole upgraded Lam Research Corporation (NASDAQ:LRCX) on Friday, September 25 to “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, August 30 report. Cowen & Co maintained it with “Buy” rating and $18500 target in Thursday, July 27 report. The company was maintained on Wednesday, October 18 by Morgan Stanley. The firm has “Outperform” rating by Cowen & Co given on Monday, May 16. As per Wednesday, October 18, the company rating was maintained by B. Riley & Co. The firm has “Buy” rating given on Tuesday, October 17 by RBC Capital Markets.

More news for Lam Research Corporation (NASDAQ:LRCX) were recently published by: Seekingalpha.com, which released: “Dinner With Lam Research” on January 04, 2018. Benzinga.com‘s article titled: “Vetr Crowd Downgrades Lam Research” and published on January 11, 2018 is yet another important article.

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