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O Shaughnessy Asset Management LLC Grows Holdings in Lam Research (LRCX)

16 May 2018

This repurchase authorization allows the semiconductor company to purchase shares of its stock through open market purchases. The institutional investor held 3,647 shares of the industrial machinery and components company at the end of 2017Q4, valued at $673,000, up from 1,534 at the end of the previous reported quarter.

A number of research analysts have recently weighed in on the company. The stock increased 1.31% or $1.14 during the last trading session, reaching $87.94. DexCom, Inc. (NASDAQ:DXCM) has declined 16.08% since May 15, 2017 and is downtrending. It has underperformed by 26.17% the S&P500.

George Soros increased its stake in Lam Research Corp (LRCX) by 141.99% based on its latest 2017Q4 regulatory filing with the SEC. Northwestern Mutual Wealth Management Co. now owns 664 shares of the semiconductor company's stock worth $122,000 after buying an additional 392 shares during the period. The semiconductor company reported $4.79 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $4.38 by $0.41. Lam Research has $305.0 highest and $215.0 lowest target. It was last traded at $204.03 apiece. Since May 15, 2017 LRCX has risen 58.54% and is uptrending. Calamos Wealth Management Ltd holds 0.77% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 32,173 shares.

Today, Cowen initiated coverage on NASDAQ:LRCX - Lam Research (NASDAQ:LRCX) with a Outperform. Analysts are turning out to be more optimistic than before, with 18 of analysts who cover Lam Research Corporation (NASDAQ:LRCX) advice adding it to buy candidate list. Therefore 95% are positive.

LRCX has been the subject of several analyst reports. 40 investors sold all, 262 reduced holdings as Lam Research Corporation ratio improved. The stock presently has an average rating of "Buy" and an average price target of $252.71. FBR Capital has "Buy" rating and $28500 target. The rating was maintained by RBC Capital Markets on Monday, June 5 with "Buy". Stifel Nicolaus lifted their price target on Lam Research from $235.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. KeyBanc Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) rating on Wednesday, March 7. The brokerage set an "outperform" rating on the semiconductor company's stock. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Seekingalpha.com and their article: "Lam Research: Long-Term Dividend Growth" with publication date: April 23, 2018. Pacific Crest downgraded the stock to "Sector Weight" rating in Wednesday, October 12 report. Traynor Capital Management Inc. purchased a new stake in shares of Lam Research during the first quarter worth approximately $208,000. 112 funds opened positions while 215 raised stakes. Funds hold 140.89 million shares thus 3.74% less from 2017Q3's 146.35 million shares. Cypress Funds reported 8.27% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Fukoku Mutual Life Ins has 0.07% invested in Lam Research Corporation (NASDAQ:LRCX) for 2,600 shs. Regentatlantic Cap Limited Com stated it has 0.02% in Lam Research Corporation (NASDAQ:LRCX). Over the last week of the month, it was 5.45%, 17.97% over the last quarter, and -1.10% for the past six months. Checchi Capital Advisers Ltd Liability Corporation accumulated 0.04% or 1,514 shs. Field & Main Bank lifted its holdings in shares of Lam Research by 127.3% in the 1st quarter. Norinchukin Bancorporation The invested 0.05% in Lam Research Corporation (NASDAQ:LRCX).

When investors engage in short selling or "shorting a stock", they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. Community Natl Bank Na accumulated 0% or 181 shares. Point72 Asset Mngmt Ltd Partnership invested in 419,386 shares. Mai Mgmt holds 1,502 shares or 0.02% of its portfolio. About 7.72M shares traded or 47.84% up from the average. U S Invsts owns 2,700 shares for 0.23% of their portfolio. The Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.04% in Lam Research Corporation (NASDAQ:LRCX).

Since January 23, 2018, it had 0 insider buys, and 11 insider sales for $23.41 million activity. Another trade for 4,656 shares valued at $987,770 was made by LORD PATRICK J on Thursday, March 8. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 4.97% from last close price of 204.03 and act as support or resistance of price limit.

On 9/1/2016 NASDAQ:LRCX - Lam Research announced a quarterly dividend of $0.30 1.27% with an ex dividend date of 9/12/2016 which will be payable on 9/28/2016. Also, CEO Martin B. Anstice sold 11,200 shares of the company's stock in a transaction that occurred on Wednesday, March 21st.

Dowling & Yahnke Llc, which manages about $2.91 billion and $1.11 billion US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 76,629 shares to 170,812 shares, valued at $2.98M in 2017Q4, according to the filing. Lam Research had 27 analyst reports since November 19, 2017 according to SRatingsIntel. The stock has "Buy" rating by BMO Capital Markets on Wednesday, July 12. Finally, B. Riley increased their price target on shares of Lam Research from $270.00 to $285.00 and gave the stock a "buy" rating in a report on Wednesday, April 18th. The stock of DexCom, Inc. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in LRCX's price. On Thursday, January 25 the stock rating was maintained by Morgan Stanley with "Overweight". The firm has "Buy" rating given on Thursday, October 20 by Needham. 3,647 are held by First Allied Advisory Services. As per Thursday, September 28, the company rating was maintained by Barclays Capital. O'Dowd Sarah A sold 1,835 shares worth $390,194. Shares for $89,384 were sold by DOUBLEDAY RICHARD on Tuesday, January 23.

O Shaughnessy Asset Management LLC Grows Holdings in Lam Research (LRCX)