Lam Research Corporation (LRCX) Earns Buy Rating from Needham & Company LLC

Cornelia Mascio
Ottobre 13, 2017

LRCX's total market worth is $30.75B. It is down 107.86% since October 12, 2016 and is uptrending. It has outperformed by 91.16% the S&P500. The Rgm Capital Llc holds 522,062 shares with $73.84M value, down from 537,062 last quarter. It closed at $118.57 lastly. It has outperformed by 14.18% the S&P500.

Among 23 analysts covering Autodesk Inc. On Thursday, October 6 the stock rating was maintained by Citigroup with "Buy". Therefore 65% are positive. Argus started coverage on Lam Research Corporation in a research report on Tuesday, September 12th. William Blair initiated Autodesk, Inc. Bank of America upgraded Autodesk, Inc. The stock of Autodesk, Inc. Cowen & Co has "Outperform" rating and $90 target. The firm earned "Buy" rating on Thursday, August 24 by Robert W. Baird. Canaccord Genuity maintained it with "Buy" rating and $120.0 target in Monday, August 21 report. The West Oak Capital Llc holds 625 shares with $88.39 million value, up from 100 last quarter. The stock has "Mkt Perform" rating by JMP Securities on Wednesday, November 9.

Analyst's mean target price for company is $12.41 while analysts mean suggestion is 2.1. Janus Henderson Group PLC now owns 4,742,669 shares of the semiconductor company's stock worth $670,756,000 after buying an additional 4,722,348 shares during the last quarter. $779,660 worth of Autodesk, Inc. Shares for $270,756 were sold by Buck Michele on Monday, May 1. Hgk Asset holds 3,562 shares. 6,638 shares were sold by Blum Steven M, worth $748,143. (NASDAQ:ADSK) on Monday, May 15.

Investors sentiment decreased to 0.98 in 2017 Q2. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.96%. It worsened, as 45 investors sold HSY shares while 217 reduced holdings. 37 funds opened positions while 93 raised stakes. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.13% or 133,181 shares. Brown Advisory has invested 0% in Westwood Holdings Group, Inc. (NASDAQ:ADSK). Quantres Asset Ltd reported 5,900 shares. Guardian Life Of America holds 0.01% or 365 shares in its portfolio. New Mexico Educational Retirement Board has 14,993 shares. (NASDAQ:ADSK). Veritable Limited Partnership holds 9,028 shares. (NASDAQ:ADSK) for 147,200 shares. Tudor Invest Et Al holds 0.02% or 17,651 shares in its portfolio. (NASDAQ:ADSK). Cibc Ww Corp stated it has 43,789 shares. Brandywine Global Investment Mgmt Ltd Liability Corp invested in 0% or 109 shares. Nippon Life invested in 12,367 shares or 0.03% of the stock. 1607 Capital Partners Llc owns 471,548 shares or 0.5% of their U.S. portfolio. (NASDAQ:ADSK) for 504,275 shares. Pggm, Netherlands-based fund reported 99,922 shares.

Analysts expect Lam Research Corporation (NASDAQ:LRCX) to report $3.26 EPS on October, 18.They anticipate $1.45 EPS change or 80.11 % from last quarter's $1.81 EPS. During the same quarter past year, the company posted $1.80 EPS. LRCX's profit will be $529.82M for 14.34 P/E if the $3.26 EPS becomes a reality. The semiconductor company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.02 by $0.09.

Since May 18, 2017, it had 0 insider purchases, and 3 sales for $4.83 million activity. Another trade for 20,047 shares valued at $3.01 million was sold by NEWBERRY STEPHEN G. Fiduciary Trust Co. grew its position in Lam Research Corporation by 1.0% in the second quarter. Shares for $430,320 were sold by LORD PATRICK J on Tuesday, June 13.

One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. Therefore 84% are positive. Globus Medical Inc had 33 analyst reports since August 3, 2015 according to SRatingsIntel. As per Monday, December 19, the company rating was upgraded by Goldman Sachs. Needham maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, October 20. Pacific Crest has "Overweight" rating and $163 target. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target (up from $200.00) on shares of Lam Research Corporation in a research report on Friday. Smithfield Trust Co. now owns 2,382 shares of the semiconductor company's stock worth $337,000 after purchasing an additional 22 shares during the period. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. Lam Research Corporation (NASDAQ:LRCX) recently traded as high as $189.11. The firm now has a "buy" rating on the semiconductor company's stock. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 3.10 as current ratio and on the opponent side the debt to equity ratio was 0.42 and long-term debt to equity ratio also remained 0.29. Its down 0.14, from 1.12 in 2017Q1.

Want to see what other hedge funds are holding LRCX? 110 funds opened positions while 182 raised stakes. Hartford Mngmt holds 0.1% or 35,060 shares. Captrust Financial has invested 0% in Lam Research Corporation (NASDAQ:LRCX). Fil Limited, a Bermuda-based fund reported 346,332 shares. Shelton Capital Management sold 4,362 shares as Lam Research Corp (LRCX)'s stock rose 32.64%. Alliancebernstein Limited Partnership holds 346,130 shares. Old National Bancorp In owns 12,591 shares for 0.02% of their portfolio. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Neuberger Berman Grp Inc Ltd owns 181,864 shares for 0.03% of their portfolio. Umb Bank & Trust N A Mo has 6,941 shares. Currently Analysts have a mean recommendation of 2.00 on the shares.

GRATRY & Co LLC bought a new position in Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Reinhart Ptnrs holds 1,845 shares.

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