(LRCX) Holdings Reduced by US Bancorp DE

Lawrence Kim
March 5, 2018

Algert Global Llc sold 20,750 shares as the company's stock rose 20.31% with the market. The institutional investor held 259,532 shares of the industrial machinery and components company at the end of 2017Q3, valued at $48.02 million, down from 435,132 at the end of the previous reported quarter. Central Asset Investments & Management Holdings Hk Ltd who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $31.70B market cap company.

Lam Research Corporation (NASDAQ:LRCX) tinted gains of +2.35% (+4.46 points) to US$194.53. During the same period in the prior year, the company posted $2.24 EPS. research analysts predict that Lam Research Co. will post 16.74 earnings per share for the current fiscal year.

Lam Research Corporation (NASDAQ:LRCX)'s earnings per share has been growing at a 47 percent rate over the past 5 year when average revenue increase was noted as 24.6 percent.

Denali Advisors Llc increased its stake in Assured Guaranty Ltd (AGO) by 26.57% based on its latest 2017Q3 regulatory filing with the SEC. Hendley & Co Inc bought 10,244 shares as the company's stock rose 5.74% with the market. The institutional investor held 228,015 shares of the company at the end of 2017Q3, valued at $13.35 million, down from 234,570 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Visa Inc. for a number of months, seems to be bullish on the $272.57 billion market cap company. The stock increased 0.46% or $0.16 during the last trading session, reaching $34.84. Open Text Corporation (NASDAQ:OTEX) has risen 15.94% since March 4, 2017 and is uptrending. It has outperformed by 24.94% the S&P500.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.19, from 1.44 in 2017Q2. It improved, as 51 investors sold LRCX shares while 238 reduced holdings. Krilogy Financial LLC raised its position in Lam Research by 91.6% in the third quarter. Thompson Davis, Virginia-based fund reported 135,217 shares. Barclays Public Limited has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX). Bessemer Group Inc holds 2,224 shares.

Lam Research announced that its board has authorized a share buyback program on Tuesday, November 14th that permits the company to buyback $2.00 billion in outstanding shares. It also reduced Ctrip Com Intl Ltd (Prn) stake by 7.00 million shares and now owns 9.60 million shares. Neuberger Berman Ltd Limited Liability Company holds 0% or 11,232 shares in its portfolio. Blackrock Inc reported 289,414 shares. Cowen & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, October 21 with "Outperform" rating. Excalibur Management accumulated 10,959 shares. Psagot Investment House has 0% invested in Lam Research Corporation (NASDAQ:LRCX) for 200 shares. Fny Managed Accounts Lc accumulated 80 shares or 0.02% of the stock. 151,506 are held by Scout Invests. The semiconductor company reported $4.34 earnings per share for the quarter, topping the Zacks' consensus estimate of $3.68 by $0.66.

Peregrine Asset Advisers Inc, which manages about $266.46 million and $190.11 million US Long portfolio, decreased its stake in Amazon (NASDAQ:AMZN) by 662 shares to 2,959 shares, valued at $2.85M in 2017Q3, according to the filing. (NYSE:ANF) by 150,317 shares in the quarter, for a total of 576,019 shares, and has risen its stake in Jetblue Airways Corp. Therefore 71% are positive. Lam Research had a net margin of 17.60% and a return on equity of 36.08%. (NASDAQ:QLYS). Moreover, Spark Inv Ltd has 0.09% invested in Qualys, Inc. On Friday, September 25 the stock rating was upgraded by Credit Agricole to "Buy". RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) on Monday, October 2 with "Buy" rating. (NYSE:V) has "Buy" rating given on Thursday, February 1 by Piper Jaffray. The firm has "Buy" rating given on Monday, December 19 by Goldman Sachs. The stock has an average rating of "Buy" and a consensus price target of $232.41. RBC Capital Markets maintained Lam Research Corporation (NASDAQ:LRCX) on Wednesday, November 15 with "Buy" rating. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by B. Riley & Co on Thursday, April 21.

Since December 13, 2017, it had 0 insider buys, and 3 selling transactions for $6.56 million activity. The rating was maintained by Bank of America with "Buy" on Wednesday, October 18.

In related news, insider Seshasayee Varadarajan sold 25,453 shares of the stock in a transaction on Tuesday, January 23rd.

Since September 11, 2017, it had 0 insider buys, and 11 sales for $12.77 million activity. Comm Of Toledo Na Oh invested in 1,692 shares. Its up 0.04, from 0.98 in 2017Q2. It dropped, as 13 investors sold CMTL shares while 32 reduced holdings. 44 funds opened positions while 86 raised stakes. First Foundation holds 0.02% or 1,517 shares in its portfolio. Royal Bancshares Of Canada stated it has 503,184 shares or 0.04% of all its holdings. 60 are held by Dreman Value Mngmt L L C. Oak Assoc Ltd Oh holds 0.13% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 9,255 shares. Morgan Stanley has 1.43M shares for 0.02% of their portfolio. Prudential Finance reported 129,323 shares or 0.01% of all its holdings. (NYSE:V) for 160,052 shares. Sterling Capital Management Limited Liability Corporation reported 0.28% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Ibm Retirement Fund stated it has 4,071 shares or 0.15% of all its holdings. (NASDAQ:CMTL). Sg Americas Llc holds 7,598 shares. One equities research analyst has rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Therefore 81% are positive. Qualys had 62 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by PiperJaffray with "Overweight" on Friday, February 2. The firm earned "Hold" rating on Thursday, August 3 by Stifel Nicolaus.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. The rating was downgraded by BMO Capital Markets to "Market Perform" on Wednesday, May 25. (NYSE:GEF) for 1,016 shares. Cowen & Co maintained it with "Hold" rating and $38.0 target in Monday, December 11 report.

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