Lam Research (LRCX) Price Target Raised to $285.00 at B. Riley
Lam Research (LRCX) Price Target Raised to $285.00 at B. Riley
19 April, 2018, 00:00
BKD Wealth Advisors LLC now owns 2,803 shares of the semiconductor company's stock worth $516,000 after buying an additional 333 shares in the last quarter. Checchi Cap Advisers Limited Liability Company invested 0.04% in Lam Research Corporation (NASDAQ:LRCX). Shares of the company have performed 11.52% over the last quarter and moved 66.76% over the last twelve months.
Lam Research declared that its board has authorized a stock buyback program on Tuesday, March 6th that allows the company to repurchase $2.00 billion in outstanding shares.
Piermont Capital Management Llc decreased its stake in Spectrum Pharmaceuticals Inc. (Px) (PX) by 51.25% based on its latest 2017Q4 regulatory filing with the SEC. Cleararc Capital Inc. now owns 3,973 shares of the company's stock valued at $420,000 after buying an additional 61 shares during the period. The institutional investor held 19,026 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.22 million, up from 17,244 at the end of the previous reported quarter. Investors who observing the volume trend of Kinder Morgan, Inc. Piermont Capital Management Llc who had been investing in Spectrum Pharmaceuticals Inc. for a number of months, seems to be less bullish one the $2.02 billion market cap company.
NASDAQ:LRCX - Lam Research (NASDAQ:LRCX) has insider ownership of 0.41% and institutional ownership of 90.34%. About 99,415 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 18, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.
Big Money Sentiment increased to 1.08 in 2017 Q4. It is positive, as 40 investors sold Lam Research Corporation shares while 262 reduced holdings. 215 grew positions while 112 funds bought positions. Zacks Investment Research cut shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Friday, January 13th.
Earnings per Share Details of "Company": The EPS of LRCX is strolling at 2.93, measuring its EPS growth this year at 77%.
Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Tuesday, April 17th.
On 3/9/2018 Timothy Archer, Insider, sold 6,465 with an average share price of $214.28 per share and the total transaction amounting to $1,385,320.20. The Dow Jones Industrial Average DJIA, +0.87% rose 0.8% and was set to end at its highest level since March 16. Affinity Investment Advsr Limited Com holds 33,109 shares. Quantbot Technologies LP owns 10,681 shares for 0.18% of their portfolio. General Amer Invsts Inc holds 1.71% or 104,000 shares. Stevens Capital Limited Partnership reported 56,815 shares. 14,486 are held by Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys. About 1.69M shares traded or 7.26% up from the average. It also increased its holding in Ishares Biotechnology Etf (IBB) by 8,920 shares in the quarter, for a total of 13,605 shares, and has risen its stake in Vanguard Growth Etf (VUG). One investment analyst has rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Therefore 93% are positive. Lam Research Corp now has $34.60B valuation. The company was maintained on Wednesday, March 7 by KeyBanc Capital Markets. Ssi Management has 0.04% invested in Lam Research Corporation (NASDAQ:LRCX). The stock's average target of $982 is -8.58% below today's ($1074.16) share price. On Thursday, January 25 Berenberg maintained Lam Research Corporation (NASDAQ:LRCX) with "Buy" rating. On Wednesday, November 15 the company was maintained by RBC Capital Markets. The firm earned "Buy" rating on Friday, October 9 by Needham. The stock of Lam Research Corporation (NASDAQ:LRCX) has "Outperform" rating given on Monday, May 16 by Cowen & Co. RBC Capital Markets has "Buy" rating and $18500 target. Goldman Sachs Group Inc upgraded shares of Lam Research from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $116.00 to $125.00 in a research report on Monday, December 19th.
Since October 17, 2017, it had 0 insider buys, and 8 sales for $20.21 million activity. 11,200 shs were sold by Anstice Martin B, worth $2.52 million. NEWBERRY STEPHEN G sold 750 shares worth $146,318. Gottscho Richard A had sold 16,866 shares worth $3.54M.
Lam Research (NASDAQ:LRCX) had its price objective increased by equities researchers at B. Riley from $270.00 to $285.00 in a research note issued on Wednesday. Sold All: 3 Reduced: 7 Increased: 5 New Position: 1.
Investors sentiment increased to 0.73 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. 151 funds opened positions while 637 raised stakes. 747,224 are owned by Raymond James And. The Oregon-based Mengis Capital Management Inc. has invested 2.59% in the stock. 1,200 are owned by Ellington Mngmt Group Ltd Co. Associated Banc accumulated 362,404 shares. Huntington Financial Bank reported 148,359 shares stake. The Texas-based Callahan Advisors Llc has invested 0.15% in the stock. (NYSE:PX). Pennsylvania reported 0.16% of its portfolio in Praxair, Inc. Bancorp Of Nova Scotia owns 25,440 shares or 0.02% of their United States portfolio. M Securities stated it has 64,940 shares or 0.88% of all its holdings.
Among 54 analysts covering Apple Inc. (NYSE:PX) to report earnings on April, 26 before the open. Any expected earnings growth in the future is just an expectation, and they vary wildly between different analysts. PX's profit will be $447.93 million for 24.63 P/E if the $1.56 EPS becomes a reality.
ASML this morning reported Q1 revenue of €2.29 billion, and EPS of €1.26, beating the average estimate for €2.23 billion and €1.17.
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Institutional Ownership/ Insider Ownership: Ensco plc institutional ownership is held at 89.8% while insider ownership was 0.5%. During the past week, the stock's average weekly volatility was 6.97% and 3.87% volatility over the past 30 days.
Dreman Value Management Llc, which manages about $2.21B and $177.40M US Long portfolio, decreased its stake in Skywest Inc. Covington Capital Management raised its stake in shares of LyondellBasell Industries by 40.7% during the fourth quarter.
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Following the completion of the transaction, the insider now owns 972 shares in the company, valued at approximately $218,816.64. In the recent week Netflix, Inc . stock price volatility was noted 2.83% while for the last month volatility was seen at 4.15%.
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