November 28, 2016 - By Winifred Garcia · 0 Comments
Lam Research Corp (NASDAQ:LRCX) institutional sentiment decreased to 1.18 in Q2 2016. Its down -0.03, from 1.21 in 2016Q1. The ratio dropped, as 270 hedge funds increased and started new positions, while 224 reduced and sold their stock positions in Lam Research Corp. The hedge funds in our partner’s database now have: 181.29 million shares, down from 183.18 million shares in 2016Q1. Also, the number of hedge funds holding Lam Research Corp in their top 10 positions increased from 14 to 16 for an increase of 2. Sold All: 43 Reduced: 181 Increased: 203 New Position: 67.
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has a market cap of $17.61 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 21.4 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.
The stock increased 0.55% or $0.59 on November 25, hitting $107.54. Lam Research Corporation (NASDAQ:LRCX) has risen 34.06% since April 25, 2016 and is uptrending. It has outperformed by 28.04% the S&P500.
Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on January, 25. They expect $2.20 EPS, up 40.13% or $0.63 from last year’s $1.57 per share. LRCX’s profit will be $360.26M for 12.22 P/E if the $2.20 EPS becomes a reality. After $1.81 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 21.55% EPS growth.
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.”
Trinity Street Asset Management Llp holds 8.71% of its portfolio in Lam Research Corporation for 445,850 shares. Rgm Capital Llc owns 848,062 shares or 8.58% of their US portfolio. Moreover, Maverick Capital Ltd has 6.24% invested in the company for 5.47 million shares. The New Jersey-based Oaktop Capital Management Ii L.P. has invested 6% in the stock. Criterion Capital Management Llc, a California-based fund reported 1.06 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 sale for $4.70 million net activity.
Ratings analysis reveals 67% of Lam Research Corporation’s analysts are positive. Out of 15 Wall Street analysts rating Lam Research Corporation, 10 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $52 while the high is $120. The stock’s average target of $96.25 is -10.50% below today’s ($107.54) share price. LRCX was included in 31 notes of analysts from September 17, 2015. The firm has “Buy” rating by CLSA given on Friday, September 25. On Thursday, December 10 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Stifel Nicolaus on Monday, November 21. The stock has “Buy” rating given by B. Riley & Co on Thursday, October 20. Cowen & Co maintained the shares of LRCX in a report on Monday, May 16 with “Outperform” rating. The firm has “Underperform” rating by RBC Capital Markets given on Monday, October 5. B. Riley & Co maintained the stock with “Buy” rating in Thursday, April 21 report. Morgan Stanley initiated the shares of LRCX in a report on Tuesday, December 15 with “Overweight” rating. Susquehanna maintained the stock with “Neutral” rating in Monday, September 21 report. The firm has “Buy” rating given on Friday, September 25 by Credit Agricole.
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.
More important recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Finance.Yahoo.com which released: “Lam Research Corporation (Nasdaq: LRCX) to Ring The Nasdaq Stock Market …” on November 17, 2016, also Globenewswire.com published article titled: “Lam Research Corporation Announces $1.3 Billion Capital Return Program”, Equitiesfocus.com published: “Lam Research Corporation (NASDAQ:LRCX) PEG Ratio At 1.28” on November 28, 2016. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Zacks.com and their article: “Is Lam Research (LRCX) Stock a Solid Choice Right Now?” with publication date: November 18, 2016.
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By Winifred Garcia