The stock of Lam Research Corporation (NASDAQ:LRCX) reached all time high today, Nov, 18 and still has $164.71 target or 59.00% above today’s $103.59 share price. This indicates more upside for the $17.77B company. This technical setup was reported by Barchart.com. If the $164.71 PT is reached, the company will be worth $10.48B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 404,309 shares traded hands. Lam Research Corporation (NASDAQ:LRCX) has risen 26.49% since April 18, 2016 and is uptrending. It has outperformed by 22.06% the S&P500.
Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage
Out of 15 analysts covering Lam Research Corporation (NASDAQ:LRCX), 10 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 67% are positive. Lam Research Corporation has been the topic of 30 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Susquehanna maintained Lam Research Corporation (NASDAQ:LRCX) rating on Monday, September 21. Susquehanna has “Neutral” rating and $76 price target. The stock has “Buy” rating given by Citigroup on Thursday, October 6. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by B. Riley & Co on Thursday, October 22. The firm has “Buy” rating given on Friday, August 12 by Citigroup. The firm has “Outperform” rating given on Thursday, December 10 by Cowen & Co. The firm has “Outperform” rating given on Monday, May 16 by Cowen & Co. The rating was maintained by DA Davidson with “Buy” on Thursday, October 6. Stifel Nicolaus maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, October 20 with “Buy” rating. CLSA upgraded the shares of LRCX in a report on Friday, September 25 to “Buy” rating. Needham maintained it with “Buy” rating and $120 target price in Thursday, October 20 report.
According to Zacks Investment Research, “Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Company’s products are used selectively to etch away portions of various films to create an integrated circuit.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.03, from 1.21 in 2016Q1. The ratio is negative, as 43 funds sold all Lam Research Corporation shares owned while 181 reduced positions. 67 funds bought stakes while 203 increased positions. They now own 181.29 million shares or 1.03% less from 183.18 million shares in 2016Q1.
Oaktop Management Ii Lp holds 294,504 shares or 6% of its portfolio. Hl Svcs Ltd Com accumulated 47,474 shares or 0.09% of the stock. Sumitomo Mitsui accumulated 430,718 shares or 0.06% of the stock. Mariner Wealth Advsr Limited Liability Co reported 17,259 shares or 0.08% of all its holdings. Delphi Mngmt Ma accumulated 1.72% or 31,937 shares. The Ohio-based Private Trust Com Na has invested 0.07% in Lam Research Corporation (NASDAQ:LRCX). Delta Asset Mngmt Ltd Limited Liability Company Tn owns 2,600 shares or 0.04% of their US portfolio. Benjamin F Edwards And, a Missouri-based fund reported 48 shares. Rafferty Asset Management Limited Liability Corp owns 27,832 shares or 0.16% of their US portfolio. Prudential Fin Inc accumulated 0.03% or 227,620 shares. British Columbia Invest Mngmt Corp has invested 0.06% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Sector Pension Inv Board accumulated 0.03% or 30,271 shares. Northern Trust accumulated 2.04M shares or 0.06% of the stock. Fdx has invested 0.04% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Evercore Wealth Management Limited Co reported 570 shares or 0% of all its holdings.
Insider Transactions: Since October 6, 2016, the stock had 0 insider buys, and 1 sale for $4.70 million net activity. On Thursday, October 6 the insider Gottscho Richard A sold $4.70 million.
More news for Lam Research Corporation (NASDAQ:LRCX) were recently published by: Globenewswire.com, which released: “Lam Research Corporation (Nasdaq: LRCX) to Ring The Nasdaq Stock Market …” on November 17, 2016. Nasdaq.com‘s article titled: “Is Lam Research (LRCX) Stock a Solid Choice Right Now?” and published on November 18, 2016 is yet another important article.
LRCX Company Profile
Lam Research Corporation, incorporated on October 8, 1989, is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). The Firm operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. The Company’s products are designed to enable its clients build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices and networking equipment. The Company’s customer base includes semiconductor memory, foundry and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. The Firm offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean. The Firm also offers a range of services, including customer service, spares, upgrades, and refurbishment of its deposition, etch and clean products. The Firm also provides refurbished legacy products.
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