Associated Banc Corp Sells 26141 Shares of Lam Research Corporation (LRCX)

Marco Green
September 14, 2017

The company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.19 by $0.05. Magnetar Fincl Ltd holds 0.01% or 4,101 shares. Amazon.Com now has $472.01 billion valuation. The institutional investor owned 49,217 shares of the company's stock after selling 133,283 shares during the period. About 1.69 million shares traded. World Asset Management Inc lifted its position in shares of Lam Research Corporation by 17.5% in the first quarter. It has outperformed by 20.71% the S&P500. Stephens Inc. AR increased its stake in shares of Lam Research Corporation by 6.8% during the first quarter. Hodges Capital has 30,000 shares for 0.02% of their portfolio. The performance this quarter is at 10.67% while the weekly performance is at 4.61%. The company has market cap of $27.89 billion. It opened the session with a $167.51 price tag, later ranging from $167.41 to $170.65, the range at which the stock has traded at throughout the day. BidaskClub lowered Lam Research Corporation from a "buy" rating to a "hold" rating in a report on Wednesday, August 2nd. It has outperformed by 91.16% the S&P500.

Since March 16, 2017, it had 0 insider purchases, and 4 insider sales for $5.36 million activity.

Sarah A. O'dowd, Sr VP sold $1,509,200 worth of shares at an average price of $150.92 on June 22nd. Gottscho Richard A sold $9.96M worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, March 16. Over the last quarter, insiders have sold 19,897 shares of company stock worth $3,097,226.

Lam Research Corporation, launched on October 8, 1989, is a supplier of wafer fabrication equipment and services to the semiconductor industry. Lam Research Corporation has a 12 month low of $90.56 and a 12 month high of $172.49. The broker found the stock of LRCX quite attractive and now has a price target of $196 with a key "Buy" rating. Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, December 9 report. As per Wednesday, October 21, the company rating was maintained by Cowen & Co. The company has a market capitalization of $27.93 billion, a price-to-earnings ratio of 18.6045 and a beta of 1.47. RBC Capital Markets has "Underperform" rating and $56.0 target. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since September 13, 2016 and is uptrending. The company saw a rise in short interest from July 31, 2017 to August 15, 2017 of 11.77%.

Gargoyle Investment Advisor Llc decreased United Therapeutics Corp Del (NASDAQ:UTHR) stake by 2,153 shares to 16,196 valued at $2.32M in 2016Q4. It also reduced its holding in Cia Paranaense De Energia (NYSE:ELP) by 114,176 shares in the quarter, leaving it with 25,316 shares, and cut its stake in Emerson Electric Co (NYSE:EMR). Financial Bank Of America Corp De has invested 0% in Conn's Inc (NASDAQ:CONN). Investors of record on Wednesday, September 13th will be given a dividend of $0.45 per share.

The stock increased 1.65% or $0.76 during the last trading session, reaching $46.73.

It looks like Lam Research Corporation (NASDAQ:LRCX) had an excellent day at the stock market, with its price going up by -0.09%, to 171.51.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Among 19 analysts covering Lam Research Corporation (NASDAQ:LRCX), 16 have Buy rating, 0 Sell and 3 Hold. Pitcairn owns 6,552 shares or 0.09% of their U.S. portfolio. 11,601 were reported by Marietta Inv Limited Liability Corp. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits. Agf Invs invested in 0.19% or 156,000 shares. Credit Suisse Ag reported 522,486 shares stake. Td Asset Management owns 84,216 shares. Cubist Systematic Strategies Ltd Liability Corp has 1,432 shares. Current price places the company's stock 60.44% away from its 200-day simple moving average, 17.69%, away from the 50-day average and also 12% away from 20-day average. Northern Trust stated it has 1.85 million shares. Investors that need a certain amount of money in a shorter amount of time may be looking to develop a stock market strategy with a bit less risk involved. Maverick Limited accumulated 2.48% or 1.80 million shares. Associated Banc Corp owned about 0.09% of Lam Research Corporation worth $20,195,000 as of its most recent SEC filing. Therefore 91% are positive. Equities research analysts anticipate that Lam Research Corporation will post $12.73 EPS for the current fiscal year. The rating was maintained by Piper Jaffray with "Overweight" on Tuesday, August 4. The rating was maintained by Morgan Stanley with "Buy" on Friday, July 7. The stock of, Inc. (NASDAQ:AMZN) on Monday, November 28 with "Buy" rating.

06/13/2017 - Lam Research Corporation had its "buy" rating reiterated by analysts at UBS. The rating was reinitiated by Goldman Sachs with "Neutral" on Tuesday, October 25. The company was maintained on Friday, April 29 by Wedbush. The stock declined 1.23% or $0.76 reaching $61.2 per share. The firm earned "Hold" rating on Tuesday, June 6 by Oppenheimer.

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