Lam Research (NASDAQ:LRCX) Raised to Buy at Instinet

Marco Green
December 18, 2017

Vigilant Capital Management Llc sold 3,033 shares as the company's stock rose 32.64% with the market. The semiconductor company reported $3.46 EPS for the quarter, beating the consensus estimate of $3.27 by $0.19. The stock increased 0.80% or $0.9 during the last trading session, reaching $113.82. The J.M. Smucker Company (NYSE:SJM) has declined 0.84% since December 17, 2016 and is downtrending. It has outperformed by 3.59% the S&P500. Kames Capital Public Ltd Co invested 0% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). The institutional investor held 517,325 shares of the industrial machinery and components company at the end of 2017Q2, valued at $73.17 million, down from 979,325 at the end of the previous reported quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of Lam Research by 15.2% during the 3rd quarter. The stock appeared $24.90 above its 52-week highs and is down -2.01% for the last five trades. In the past 3-month period alone, shares of LRCX have appreciated +9.52 - or +5.52%.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Tuesday, October 17th. It has outperformed by 91.16% the S&P500.

Analysts await Visa Inc. Cooke & Bieler Ltd Partnership reported 1.42% stake. They expect $0.97 EPS, up 12.79% or $0.11 from last year's $0.86 per share. Citigroup reported 161,346 shares stake.

Investors sentiment decreased to 0.98 in 2017 Q2. Its down 0.15, from 1.12 in 2017Q1. It improved, as 33 investors sold RGC shares while 66 reduced holdings. 70 funds opened positions while 222 raised stakes. Livforsakringsbolaget Skandia Omsesidigt invested in 8,754 shares or 0.11% of the stock. (NYSE:V) for 337,997 shares. Fuller Thaler Asset Mngmt owns 3,300 shares. 126.40 million shares or 7.66% more from 117.40 million shares in 2017Q1 were reported. The insider, VARADARAJAN SESHASAYEE, now holds 82,853 shares of LRCX. Canada Pension Plan Inv Board reported 87,049 shares. L S Inc reported 0.72% of its portfolio in Visa Inc. Archford Cap Strategies Ltd accumulated 17,320 shares. Old Mutual Customised Solutions (Proprietary) holds 0.33% or 23,728 shares in its portfolio. 2,632 were reported by Lpl Fincl Limited Liability. There were 67 sold out positions, amounting to 1.93 million shares. Investors who are keeping close eye on the stock of Switch, Inc. Meeder Asset holds 100 shares or 0% of its portfolio.

Among 39 analysts covering Visa Inc. Of those analysts, 10 rate stock as a Strong Buy, 1 rate it as Hold, and just no analyst rates it as a Moderate Sell. Therefore 27% are positive. Visa Inc. had 94 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with "Buy" rating in Wednesday, October 18 report. As per Thursday, October 6, the company rating was maintained by DA Davidson. The company was initiated on Tuesday, December 15 by Morgan Stanley. The stock of Visa Inc. The company was maintained on Wednesday, September 9 by Stifel Nicolaus. Jefferies maintained the stock with "Buy" rating in Monday, September 18 report.

Since August 17, 2017, it had 0 buys, and 1 sale for $1.07 million activity. The stock of Lam Research Corporation (NASDAQ:LRCX) has "Neutral" rating given on Tuesday, October 25 by Goldman Sachs. LRCX's profit will be $594.35M for 12.69 P/E if the $3.67 EPS becomes a reality. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Lam Research by 5.4% during the 2nd quarter. It also increased its holding in Exxon Mobil Corporation (NYSE:XOM) by 11,505 shares in the quarter, for a total of 118,023 shares, and has risen its stake in Schwab Fundamental Emerg Mkts Lg Co Etf (FNDE).

Investors sentiment decreased to 0.97 in Q2 2017. Its down 0.14, from 1.12 in 2017Q1. It improved, as 43 investors sold LRCX shares while 255 reduced holdings. 110 funds opened positions while 182 raised stakes. The overall volume in the last trading session was 3.96 million shares.

Shares of Lam Research Co. E&G Advsr LP reported 0.21% in Lam Research Corporation (NASDAQ:LRCX). Lumbard & Kellner Ltd Liability Co reported 5,217 shares. Gulf Savings Bank (Uk) has 0.1% invested in Lam Research Corporation (NASDAQ:LRCX) for 51,297 shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Lam Research Corporation's dividend payout ratio is 22.96%. Smithfield Tru Com invested in 506 shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 price target on shares of Lam Research in a report on Friday, September 1st. Teacher Retirement Sys Of Texas owns 84,173 shares or 0.08% of their USA portfolio. Washington Bancorporation has 517 shares for 0.02% of their portfolio. Jpmorgan Chase reported 3.41M shares. Finally, Creative Planning boosted its stake in shares of Lam Research Corporation by 45.5% in the first quarter. Therefore 33% are positive. IMAX had 50 analyst reports since July 21, 2015 according to SRatingsIntel.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. On Wednesday, October 18 the stock rating was maintained by Bank of America with "Buy". KeyCorp reiterated a "buy" rating and set a $225.00 price objective on shares of Lam Research in a report on Sunday, November 19th. The firm earned "Long-Term Buy" rating on Wednesday, August 26 by Hilliard Lyons. On Thursday, August 11 the stock rating was downgraded by Nomura to "Neutral". The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Overweight" rating by Pacific Crest on Thursday, March 16. Finally, Needham & Company LLC increased their target price on Lam Research Corporation from $165.00 to $175.00 and gave the stock a "buy" rating in a report on Friday, June 16th. Roth Capital has "Buy" rating and $3300 target.

In related news, Director Stephen G. Newberry sold 750 shares of the business's stock in a transaction on Monday, September 18th.

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