Lam Research Corporation (NDAQ:LRCX) Has Just Had Its Target Price Upgraded by Researchers at Needham Company LLC to $175.00

June 19, 2017 - By Winifred Garcia

 Lam Research Corporation (NDAQ:LRCX) Has Just Had Its Target Price Upgraded by Researchers at Needham Company LLC to $175.00

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.20, from 1.18 in 2016Q3. It worsened, as 39 investors sold Lam Research Corporation shares while 225 reduced holdings. 80 funds opened positions while 178 raised stakes. 159.58 million shares or 7.34% less from 172.22 million shares in 2016Q3 were reported.

Aberdeen Asset Mngmt Public Limited Company Uk accumulated 0.12% or 290,470 shares. Wedge Mngmt L L P Nc owns 396,833 shares. Citigroup reported 149,690 shares. Parametric Port Assoc Ltd Liability has 347,386 shares. Dekabank Deutsche Girozentrale reported 158,369 shares. Waddell And Reed Financial reported 2.69M shares stake. Main Street Rech Ltd Liability Com reported 93,761 shares. Independent Consultants reported 0.03% stake. Price T Rowe Associates Md has invested 0.01% in Lam Research Corporation (NASDAQ:LRCX). Alliancebernstein Limited Partnership reported 0.03% stake. Prelude Capital Mgmt Limited Liability Com holds 0% in Lam Research Corporation (NASDAQ:LRCX) or 180 shares. 13,410 are held by Eqis Capital Mgmt Inc. New York Life reported 0.55% stake. Cambridge Rech Advsrs, a Iowa-based fund reported 11,036 shares. Renaissance Limited Co invested in 0.04% or 243,000 shares.

Since December 23, 2016, it had 0 insider purchases, and 24 selling transactions for $43.57 million activity. Bettinger Douglas R sold $2.05M worth of stock or 17,322 shares. Shares for $430,320 were sold by LORD PATRICK J on Tuesday, June 13. The insider ARCHER TIMOTHY sold $1.39 million. 16,000 Lam Research Corporation (NASDAQ:LRCX) shares with value of $1.88M were sold by Anstice Martin B. NEWBERRY STEPHEN G also sold $3.01 million worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, May 18. The insider Gottscho Richard A sold $9.96 million. 6,459 shares were sold by O’Dowd Sarah A, worth $759,976.

Stock Analysis:Lam Research Corporation (NDAQ:LRCX) Price Target Change

In analysts report made public by Needham Company LLC on 16 June, Lam Research Corporation (NDAQ:LRCX) had its target price increased to $175.00. The firm at present has a solid Buy rating on shares.

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.20, from 1.18 in 2016Q3. It worsened, as 39 investors sold Lam Research Corporation shares while 225 reduced holdings. 80 funds opened positions while 178 raised stakes. 159.58 million shares or 7.34% less from 172.22 million shares in 2016Q3 were reported.

Aberdeen Asset Mngmt Public Limited Company Uk accumulated 0.12% or 290,470 shares. Wedge Mngmt L L P Nc owns 396,833 shares. Citigroup reported 149,690 shares. Parametric Port Assoc Ltd Liability has 347,386 shares. Dekabank Deutsche Girozentrale reported 158,369 shares. Waddell And Reed Financial reported 2.69M shares stake. Main Street Rech Ltd Liability Com reported 93,761 shares. Independent Consultants reported 0.03% stake. Price T Rowe Associates Md has invested 0.01% in Lam Research Corporation (NASDAQ:LRCX). Alliancebernstein Limited Partnership reported 0.03% stake. Prelude Capital Mgmt Limited Liability Com holds 0% in Lam Research Corporation (NASDAQ:LRCX) or 180 shares. 13,410 are held by Eqis Capital Mgmt Inc. New York Life reported 0.55% stake. Cambridge Rech Advsrs, a Iowa-based fund reported 11,036 shares. Renaissance Limited Co invested in 0.04% or 243,000 shares.

Since December 23, 2016, it had 0 insider purchases, and 24 selling transactions for $43.57 million activity. Bettinger Douglas R sold $2.05M worth of stock or 17,322 shares. Shares for $430,320 were sold by LORD PATRICK J on Tuesday, June 13. The insider ARCHER TIMOTHY sold $1.39 million. 16,000 Lam Research Corporation (NASDAQ:LRCX) shares with value of $1.88M were sold by Anstice Martin B. NEWBERRY STEPHEN G also sold $3.01 million worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, May 18. The insider Gottscho Richard A sold $9.96 million. 6,459 shares were sold by O’Dowd Sarah A, worth $759,976.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 4 analysts covering Lam Research Corporation (NDAQ:LRCX), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Lam Research Corporation has $175 highest and $145 lowest target. $156.67’s average target is 5.71% above currents $148.21 stock price. Lam Research Corporation had 4 analyst reports since March 16, 2017 according to SRatingsIntel. The rating was upgraded by Pacific Crest to “Overweight” on Thursday, March 16. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, April 19. The stock has “Buy” rating by Stifel Nicolaus on Monday, March 27.

It closed at $148.21 lastly. It is down 107.86% since June 19, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on July, 26. They expect $3.02 EPS, up 67.78 % or $1.22 from last year’s $1.8 per share. LRCX’s profit will be $486.18 million for 12.27 P/E if the $3.02 EPS becomes a reality. After $2.80 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 7.86 % EPS growth.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $23.86 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 18.9 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

Another recent and important Lam Research Corporation (NASDAQ:LRCX) news was published by Nasdaq.com which published an article titled: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for June 05, 2017” on June 02, 2017.

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