Institutional Investors Are Buying Lam Research Corp (NASDAQ:LRCX)

July 16, 2018 - By Victoria Pittman

Lam Research Corporation (NASDAQ:LRCX) Logo

Sentiment for Lam Research Corp (NASDAQ:LRCX)

Lam Research Corp (NASDAQ:LRCX) institutional sentiment increased to 1.1 in 2018 Q1. Its up 0.02, from 1.08 in 2017Q4. The ratio is better, as 354 investment professionals increased and started new equity positions, while 321 reduced and sold their stock positions in Lam Research Corp. The investment professionals in our partner’s database now own: 138.23 million shares, down from 140.89 million shares in 2017Q4. Also, the number of investment professionals holding Lam Research Corp in their top 10 equity positions increased from 19 to 29 for an increase of 10. Sold All: 62 Reduced: 259 Increased: 223 New Position: 131.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company has market cap of $28.21 billion. The firm offers thin film deposition products, including SABRE electrochemical deposition products for copper damascene manufacturing; ALTUS systems to deposit conformal atomic layer films for tungsten metallization applications; VECTOR plasma-enhanced chemical vapor deposition and atomic layer deposition systems to deposit oxides, nitrides, and carbides for hardmasks, multiple patterning films, anti-reflective layers, multi-layer stack films, and diffusion barriers; and Striker atomic layer deposition systems that deliver conformal dielectric films for spacer patterning and liner applications in various advanced memory and logic structures. It has a 16.72 P/E ratio. The Company’s thin film deposition products also comprise SPEED high-density plasma CVD products for applications in shallow trench isolation, pre-metal dielectrics, inter-layer dielectrics, inter-metal dielectrics, and passivation layers; and SOLA ultraviolet thermal processing products for treatment of back-end-of-line (BEOL) low-k dielectric films and front-end-of-line silicon nitride strained films.

The stock increased 0.11% or $0.185 during the last trading session, reaching $171.975. About 1.17 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 31.27% since July 16, 2017 and is uptrending. It has outperformed by 18.70% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on July, 25. They expect $4.98 EPS, up 60.13 % or $1.87 from last year’s $3.11 per share. LRCX’s profit will be $816.95 million for 8.63 P/E if the $4.98 EPS becomes a reality. After $4.79 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 3.97 % EPS growth.

Oaktop Capital Management Ii L.P. holds 12.74% of its portfolio in Lam Research Corporation for 299,504 shares. Marlowe Partners Lp owns 59,442 shares or 12.57% of their US portfolio. Moreover, Cypress Funds Llc has 8.15% invested in the company for 270,000 shares. The Florida-based Rgm Capital Llc has invested 7.94% in the stock. Central Asset Investments & Management Holdings (Hk) Ltd, a Hong Kong-based fund reported 42,700 shares.

Since January 1, 0001, it had 0 insider buys, and 12 insider sales for $28.53 million activity.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Ratings analysis reveals 95% of Lam Research’s analysts are positive. Out of 19 Wall Street analysts rating Lam Research, 18 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $210 while the high is $305.0. The stock’s average target of $263.42 is 53.17% above today’s ($171.975) share price. LRCX was included in 29 notes of analysts from January 24, 2018. Morgan Stanley maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, January 25 with “Overweight” rating. The firm earned “Buy” rating on Friday, May 18 by Mizuho. On Wednesday, January 24 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. RBC Capital Markets maintained the shares of LRCX in report on Thursday, January 25 with “Buy” rating. Susquehanna maintained the stock with “Buy” rating in Tuesday, March 6 report. The firm has “Buy” rating given on Thursday, January 25 by Deutsche Bank. The firm earned “Buy” rating on Tuesday, May 15 by Cowen & Co. On Wednesday, April 18 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, January 25. Berenberg maintained Lam Research Corporation (NASDAQ:LRCX) rating on Thursday, January 25. Berenberg has “Buy” rating and $240.0 target.

More news for Lam Research Corporation (NASDAQ:LRCX) were recently published by: Seekingalpha.com, which released: “Cigna Is Undervalued – Cramer’s Lightning Round (7/12/18)” on July 13, 2018. Finance.Yahoo.com‘s article titled: “The 20 Stocks From Goldman Sachs’ Buy List That You Should Actually Consider” and published on July 12, 2018 is yet another important article.

Lam Research Corporation (NASDAQ:LRCX) Institutional Positions Chart

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