The Lam Research (LRCX) Getting Favorable Media Coverage, Study Finds

Nomura Buy The Pullback In Lam Research

Nomura Buy The Pullback In Lam Research

The institutional investor owned 217,314 shares of the semiconductor company's stock after buying an additional 187,128 shares during the period. Harbour Capital Advisors LLC's holdings in Lam Research were worth $1,967,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LRCX. Badgley Phelps Bell Inc owns 79,995 shares or 0.88% of their USA portfolio. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company's stock valued at $2,285,802,000 after purchasing an additional 411,951 shares during the last quarter. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company's stock valued at $670,756,000 after purchasing an additional 4,722,348 shares during the last quarter. Lam Research Corporation's beta is 1.62 whilst the stock has an average true range (ATR) of 7.43. The company P/S (price to Sales) ratio is 3.34, P/B (price to Book) ratio is 4.03, while its P/C (price to Cash) ratio stands at 4.79. Sells 6,124 Shares of Lam Research Co.

Many value investors look for stocks with a high percent of insider ownership, under the theory that when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. Odey Holdings AG increased its holdings in shares of Lam Research by 9.9% during the 2nd quarter. Schroder Investment Management Group now owns 703,625 shares of the semiconductor company's stock valued at $127,933,000 after acquiring an additional 682,612 shares in the last quarter. The stock of Lam Research Corporation (NASDAQ:LRCX) has "Neutral" rating given on Thursday, August 3 by Citigroup. Verition Fund Mngmt Ltd Liability Corporation has invested 0.06% in Lam Research Corporation (NASDAQ:LRCX). The Stock now has a Weekly Volatility of 6.03% and Monthly Volatility of 3.05%. Sei Investments stated it has 0.05% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). The semiconductor company reported $3.46 EPS for the quarter, beating the Zacks' consensus estimate of $3.27 by $0.19. Lam Research had a net margin of 22.85% and a return on equity of 30.19%. The company had revenue of $2.48 billion during the quarter, compared to analysts' expectations of $2.46 billion. The firm's revenue for the quarter was up 63.9% compared to the same quarter a year ago. Hence the difference between Predicted EPS and Actual EPS reported is $0.18/share which shows an Earnings Surprise of 5.5 Percent.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, June 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.15%. Enterprise Financial Svcs Corp has 0.01% invested in Lam Research Corporation (NASDAQ:LRCX) for 106 shares. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Seekingalpha.com and their article: "Lam Research: Quality, Value And Momentum" with publication date: November 08, 2017.

Lam Research declared that its board has approved a share buyback program on Tuesday, November 14th that authorizes the company to buyback $2.00 billion in outstanding shares. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

LRCX has been the topic of several analyst reports. Morgan Stanley initiated the stock with "Overweight" rating in Tuesday, December 15 report.

The stock received analysts' mean target price of $5.50. Finally, Royal Bank Of Canada upped their price objective on Lam Research from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, October 18th. Credit Suisse Group reiterated a "buy" rating on shares of Lam Research in a research report on Tuesday, August 29th.

Some buy side analysts are also providing their Analysis on Lam Research Corporation, where 6 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 0 said it's a HOLD, and 1 analysts rated the stock as Sell. At the time of writing, shares were trading -13.88% away from the 20-days simple moving average and -55.27% away from the 200-days simple moving average. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Patrick Lord, an officer at (LRCX), sold 264 shares at a price of 216.08 to bring his total ownership in the stock to 12,242 shares. The disclosure for this sale can be found here. Harbour Capital Advisors LLC raised its position in shares of Lam Research by 13,054.2% during the second quarter. "Ltd." was published by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another domain, it was copied illegally and republished in violation of U.S. and global trademark and copyright legislation.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide.

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