Are Analysts Bearish Lam Research Corporation (NASDAQ:LRCX) After Last Week?

September 19, 2017 - By reb123z

 Are Analysts Bearish Lam Research Corporation (NASDAQ:LRCX) After Last Week?
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.
Scout Inc holds 0.48% or 162,234 shares in its portfolio. Glob X Mngmt Ltd Liability holds 2,079 shares. Twin Tree L P accumulated 0.02% or 15,958 shares. Bp Public Ltd Co owns 20,000 shares for 0.08% of their portfolio. Ameritas Inv Prns invested 0.04% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Zweig has invested 0.02% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Checchi Advisers Ltd Liability Corp has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX). Stifel Financial holds 0.04% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 94,072 shares. The California-based Hanson Mcclain Incorporated has invested 0% in Lam Research Corporation (NASDAQ:LRCX). State Of Tennessee Treasury Department, Tennessee-based fund reported 378,703 shares. Mason Street Advisors Limited Company holds 0.06% or 22,274 shares in its portfolio. Eventide Asset Mgmt Ltd Liability Company, Massachusetts-based fund reported 329,500 shares. Kcm Investment Advsr Limited Co stated it has 2,816 shares or 0.02% of all its holdings. Gotham Asset Mgmt Limited Liability Com holds 0.38% or 282,053 shares. Tcw Grp Incorporated reported 39,828 shares or 0.03% of all its holdings.

Since March 23, 2017, it had 0 insider buys, and 3 sales for $4.83 million activity. The insider ARCHER TIMOTHY sold $1.39M. On Tuesday, June 13 LORD PATRICK J sold $430,320 worth of Lam Research Corporation (NASDAQ:LRCX) or 2,770 shares.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 19 analysts covering Lam Research Corporation (NASDAQ:LRCX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Lam Research Corporation had 53 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Susquehanna given on Monday, September 21. The stock has “Outperform” rating by Cowen & Co on Monday, May 16. The firm earned “Overweight” rating on Tuesday, December 15 by Morgan Stanley. Needham maintained the stock with “Buy” rating in Friday, October 9 report. Citigroup downgraded Lam Research Corporation (NASDAQ:LRCX) on Thursday, August 3 to “Neutral” rating. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Outperform” rating given on Thursday, December 10 by Cowen & Co. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by Stifel Nicolaus on Monday, November 21. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Outperform” rating by RBC Capital Markets on Friday, January 13. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, April 21 with “Buy” rating. B. Riley & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, October 22 with “Buy” rating. Below is a list of Lam Research Corporation (NASDAQ:LRCX) latest ratings and price target changes.

12/09/2017 Broker: Argus Research Rating: Buy New Target: $196.0 Initiate
01/09/2017 Broker: Needham Rating: Buy New Target: $200.0 Maintain
30/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $185.0 Maintain
10/08/2017 Broker: B. Riley & Co Rating: Buy New Target: $220.0000 Maintain
03/08/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
27/07/2017 Broker: Berenberg Rating: Buy New Target: $200.0000
27/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $185.0000 Maintain
27/07/2017 Broker: Credit Suisse Rating: Buy New Target: $214.0000
27/07/2017 Broker: B. Riley & Co Rating: Buy New Target: $220.0000 Maintain
27/07/2017 Broker: Needham Rating: Buy New Target: $200.0000 Maintain

The stock increased 2.50% or $4.32 during the last trading session, reaching $177.31. About 5 shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since September 19, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $28.80 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 19.26 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Globenewswire.com which released: “Lam Research Corporation Announces Participation at Upcoming Conference” on August 30, 2017, also Seekingalpha.com with their article: “Lam Research closes acquisition of Coventor” published on August 31, 2017, Seekingalpha.com published: “Lam Research Just Disclosed A New Material Risk – China” on August 21, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: Benzinga.com and their article: “Lam Research On The Cusp Of Healthy Chip Industry Environment; Argus Initiates …” published on September 12, 2017 as well as Nasdaq.com‘s news article titled: “Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for September 12, 2017” with publication date: September 11, 2017.

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