As Lam Research Corp (LRCX) Valuation Rose, Clough Capital Partners LP Has Increased by $37.25 Million Its Stake

January 22, 2018 - By Michael Collier

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It increased, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. First Quadrant LP Ca holds 0.02% or 5,000 shares in its portfolio. Brown Advisory, a Maryland-based fund reported 3,884 shares. Moreover, Proshare Advsr Llc has 0.16% invested in Lam Research Corporation (NASDAQ:LRCX). Hl Fincl Ltd Liability Corp invested in 46,324 shares. 503,184 were reported by Royal Bankshares Of Canada. Oaktop Cap Management Ii Limited Partnership holds 9.11% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 294,504 shares. Central Asset Investments And Mngmt (Hk) Limited reported 1.44% stake. Susquehanna Intll Grp Limited Liability Partnership invested 0.01% in Lam Research Corporation (NASDAQ:LRCX). West Oak Limited Liability Corp holds 0.07% or 625 shares in its portfolio. Horizon Invest Svcs Limited Liability Corp holds 3.99% or 50,843 shares in its portfolio. Moreover, Atria Investments Limited Liability Co has 0.03% invested in Lam Research Corporation (NASDAQ:LRCX). 1,080 are held by C M Bidwell And Assoc Ltd. Nuveen Asset Ltd Liability reported 174,208 shares or 0.21% of all its holdings. Pggm Invs has invested 0.09% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Verition Fund Management Lc accumulated 2,707 shares.

Since September 11, 2017, it had 0 buys, and 10 selling transactions for $7.30 million activity. ARCHER TIMOTHY had sold 11,590 shares worth $2.11M on Thursday, September 28.

Charles Clough increased its stake in Lam Research Corp (LRCX) by 232.79% based on its latest 2017Q3 regulatory filing with the SEC. Clough Capital Partners LP bought 201,360 shares as the company’s stock rose 32.64% with the market. The hedge fund run by Charles Clough held 287,860 shares of the industrial machinery and components company at the end of 2017Q3, valued at $53.27 million, up from 86,500 at the end of the previous reported quarter. Clough Capital Partners LP who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $33.61B market cap company. The stock increased 1.01% or $2.08 during the last trading session, reaching $207.53. About 2.61M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 22, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Clough Capital Partners L P, which manages about $5.01 billion and $1.49 billion US Long portfolio, decreased its stake in Wayfair Inc (NYSE:W) by 64,100 shares to 3,400 shares, valued at $229,000 in 2017Q3, according to the filing. It also reduced its holding in Amerco (NASDAQ:UHAL) by 37,500 shares in the quarter, leaving it with 35,610 shares, and cut its stake in Bristol Myers Squibb Co (NYSE:BMY).

More recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Benzinga.com which released: “Susquehanna Upgrades Lam Research On Favorable Industry Outlook” on January 16, 2018. Also Nasdaq.com published the news titled: “5 Reasons Why You Should Buy Lam Research (LRCX) Stock Now” on January 15, 2018. Seekingalpha.com‘s news article titled: “Dinner With Lam Research” with publication date: January 04, 2018 was also an interesting one.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 22 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation has $270 highest and $52 lowest target. $194.05’s average target is -6.50% below currents $207.53 stock price. Lam Research Corporation had 70 analyst reports since September 17, 2015 according to SRatingsIntel. The stock has “Sector Weight” rating by Pacific Crest on Wednesday, October 12. The firm earned “Buy” rating on Wednesday, November 15 by RBC Capital Markets. UBS maintained Lam Research Corporation (NASDAQ:LRCX) on Tuesday, June 13 with “Buy” rating. As per Friday, October 9, the company rating was maintained by Needham. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Thursday, October 22. The firm earned “Buy” rating on Friday, June 16 by Needham. The firm earned “Buy” rating on Thursday, October 6 by DA Davidson. The firm earned “Buy” rating on Monday, June 5 by RBC Capital Markets. Cowen & Co maintained it with “Outperform” rating and $85 target in Wednesday, October 21 report. RBC Capital Markets maintained it with “Buy” rating and $210.0 target in Tuesday, October 17 report.

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