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

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

14 October 2017

Markets served by the Company include original equipment manufacturers and automotive aftermarket. 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. It dropped, as 43 investors sold Lam Research Corporation shares while 255 reduced holdings. The stock declined 0.01% or $0.01 reaching $184.89 on the news. About 356,563 shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since October 12, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Ntv Asset Management Llc decreased its stake in Hershey Co (HSY) by 85.6% based on its latest 2017Q2 regulatory filing with the SEC. The Crestpoint Capital Management Llc holds 3,600 shares with $509,000 value, down from 7,200 last quarter. The firm has a market capitalization of $30.25 billion, a PE ratio of 20.15 and a beta of 1.53. USG stock price revealed optimistic move of 9.99% comparing average price of last 200 days.

About 322,316 shares traded. Adams Diversified Equity Fund reported 0.04% stake. They expect $3.26 earnings per share, up 80.11% or $1.45 from last year's $1.81 per share. LRCX's profit would be $529.82 million giving it 14.34 P/E if the $3.26 EPS is correct. Old Mutual Global Investors UK Ltd. grew its position in shares of Lam Research Corporation by 1,696.5% in the second quarter.

Investors sentiment decreased to 0.98 in Q2 2017. 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. Steinberg Glob Asset Management owns 14,275 shares or 0.15% of their U.S. portfolio. Ahl Ltd Liability Partnership holds 0.09% or 31,329 shares. Principal Fincl Group holds 0.01% or 367,683 shares in its portfolio. Korea Investment reported 2.03M shares. Fort Washington Inv Oh has invested 0.01% in Hershey Co (NYSE:HSY). Navellier & Associates Inc bought a new stake in shares of Lam Research Corporation during the 2nd quarter valued at $2,432,000. Rhumbline Advisers stated it has 312,205 shares or 0.08% of all its holdings. Castleark Mngmt Ltd Liability Corporation invested in 472,706 shares. Nationwide Fund Advsrs reported 73,281 shares. Cambridge Investment Advsr invested in 12,922 shares. Clough Cap Prns Lp invested in 86,500 shares.

Since May 18, 2017, it had 0 insider buys, and 3 sales for $4.83 million activity. Shares for $270,756 were sold by Buck Michele on Monday, May 1. $430,320 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by LORD PATRICK J. The firm has "Buy" rating given on Thursday, April 21 by B. Riley & Co. Therefore 11% are positive. Jefferies Group LLC began coverage on shares of Visteon Corporation in a report on Thursday, September 28th. The company was upgraded on Friday, September 25 by CLSA. The rating was downgraded by Vetr on Thursday, August 6 to "Hold". Needham maintained the shares of LRCX in report on Friday, September 1 with "Buy" rating. Finally, BidaskClub raised Lam Research Corporation from a "hold" rating to a "buy" rating in a research note on Wednesday, July 12th. The stock of Lam Research Corporation (NASDAQ:LRCX) has "Outperform" rating given on Thursday, January 26 by Cowen & Co.

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Investors sentiment increased to 1.58 in 2017 Q2. Its up 0.84, from 1.06 in 2017Q1.

Several hedge funds have recently made changes to their positions in the company. The shares were sold at an average price of $160.50, for a total value of $120,375.00. The company has Relative Strength Index (RSI 14) of 58.05 along with Average True Range (ATR 14) of 0.10. Fiduciary Trust holds 0.01% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 2,044 shares. Ameritas Invest Prns owns 6,528 shares or 0.04% of their USA portfolio. Credit Invs Limited Liability Corp holds 3,600 shares. New Mexico Educational Retirement Board has 14,993 shares.

Fca Corp Tx holds 1.96% of its portfolio in Western Asset Global Corp Defind Opp Fnd for 251,837 shares. Petrus Trust Lta reported 2,724 shares. $1.39M worth of Lam Research Corporation (NASDAQ:LRCX) was sold by ARCHER TIMOTHY. Guardian Life Of America holds 0.01% or 365 shares in its portfolio. XPO Logistics Inc (NYSE:XPO) has risen 103.27% since October 11, 2016 and is uptrending. Analysts forecast that Visteon Corporation will post $6.11 earnings per share for the current year. Ftb Advisors invested 0% in Lam Research Corporation (NASDAQ:LRCX). Aberdeen Asset Public Ltd Company Uk holds 402,092 shares. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Therefore 53% are positive. Equities analysts predict that Lam Research Corporation will post $12.78 earnings per share for the current year. The firm earned "Overweight" rating on Thursday, March 16 by Pacific Crest. On Thursday, July 27 the stock rating was maintained by RBC Capital Markets with "Buy". The stock has "Buy" rating by Oppenheimer on Tuesday, July 11. The firm has "Sell" rating by Societe Generale given on Tuesday, September 13. The stock of Lam Research Corporation (NASDAQ:LRCX) earned "Buy" rating by Needham on Thursday, July 27. On Monday, September 28 the stock rating was initiated by Morgan Stanley with "Overweight". More interesting news about Citigroup Inc (NYSE:C) were released by: Reuters.com and their article: "Tight leash on costs helps Citigroup trump Wall Street view" published on October 12, 2017 as well as Seekingalpha.com's news article titled: "Citigroup flat after topping estimates" with publication date: October 12, 2017.

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