Bokf Has Lowered Its Holding in Lam Research Corp (LRCX) as Market Valuation Rose

March 14, 2018 - By Darrin Black

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.04, from 0.98 in 2017Q2. It improved, as 51 investors sold LRCX shares while 238 reduced holdings. 87 funds opened positions while 207 raised stakes. 146.35 million shares or 1.92% less from 149.22 million shares in 2017Q2 were reported. Millennium Ltd Liability invested in 0.44% or 1.55M shares. Breton Hill Capital Ltd accumulated 0.11% or 3,273 shares. Hartford Investment Mgmt invested in 35,012 shares. Bedrijfstakpensioenfonds Voor De Media Pno has invested 0.26% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Parallax Volatility Advisers Ltd Partnership reported 0% stake. Seizert Capital Partners Limited Liability has 0.39% invested in Lam Research Corporation (NASDAQ:LRCX). Clarivest Asset Mgmt Ltd Liability Corporation holds 262,079 shares. Point72 Asia (Hong Kong) Limited reported 382 shares stake. Strategy Asset Managers Limited Liability Corp invested in 23,550 shares or 0.89% of the stock. Bridgewater Associates Ltd Partnership invested in 0.05% or 37,083 shares. Schwab Charles Investment Mgmt owns 0.1% invested in Lam Research Corporation (NASDAQ:LRCX) for 589,698 shares. Advisor Prtn Ltd Company holds 4,178 shares. Oak Assocs Ltd Oh has invested 0.13% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Lumbard & Kellner Limited Liability Company, New Hampshire-based fund reported 5,217 shares. Jefferies Ltd reported 31,125 shares.

Since September 18, 2017, it had 0 insider purchases, and 13 selling transactions for $17.45 million activity. ARCHER TIMOTHY also sold $1.39M worth of Lam Research Corporation (NASDAQ:LRCX) on Friday, March 9. $5.47M worth of Lam Research Corporation (NASDAQ:LRCX) was sold by Varadarajan Seshasayee. $3.54M worth of Lam Research Corporation (NASDAQ:LRCX) was sold by Gottscho Richard A. Shares for $390,194 were sold by O’Dowd Sarah A on Thursday, March 8. LORD PATRICK J also sold $987,770 worth of Lam Research Corporation (NASDAQ:LRCX) on Thursday, March 8.

Bokf decreased its stake in Lam Research Corp (LRCX) by 41.38% based on its latest 2017Q3 regulatory filing with the SEC. Bokf sold 45,022 shares as the company’s stock rose 32.64% with the market. The institutional investor held 63,776 shares of the industrial machinery and components company at the end of 2017Q3, valued at $11.80M, down from 108,798 at the end of the previous reported quarter. Bokf who had been investing in Lam Research Corp for a number of months, seems to be less bullish one the $36.50 billion market cap company. The stock increased 0.01% or $0.03 during the last trading session, reaching $224. About 2.49M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since March 14, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Bokf, which manages about $3.44B US Long portfolio, upped its stake in Hasbro Inc (NASDAQ:HAS) by 37,420 shares to 42,087 shares, valued at $4.11M in 2017Q3, according to the filing. It also increased its holding in Waste Mgmt Inc Del (NYSE:WM) by 43,305 shares in the quarter, for a total of 106,633 shares, and has risen its stake in Ishares Msci Eafe (EFA).

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on April, 17. They expect $4.36 EPS, up 55.71 % or $1.56 from last year’s $2.8 per share. LRCX’s profit will be $710.47M for 12.84 P/E if the $4.36 EPS becomes a reality. After $4.34 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 0.46 % EPS growth.

More notable recent Lam Research Corporation (NASDAQ:LRCX) news were published by: which released: “Lam Research Stock Breakout Could Fuel More Buying in Semiconductor Industry” on March 09, 2018, also with their article: “The Zacks Analyst Blog Highlights: Micron Technology, Intel, ON Semiconductor …” published on March 14, 2018, published: “Form 8-K LAM RESEARCH CORP For: Mar 12” on March 12, 2018. More interesting news about Lam Research Corporation (NASDAQ:LRCX) were released by: and their article: “A Diamond In The Rough: Lam Research” published on February 15, 2018 as well as‘s news article titled: “ highlights: Hewlett Packard Enterprise, NETGEAR, DST Systems, Lam …” with publication date: March 14, 2018.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 25 analysts covering Lam Research Corporation (NASDAQ:LRCX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 81 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Monday, December 19 by Goldman Sachs. The company was maintained on Thursday, January 25 by Morgan Stanley. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 25. The company was maintained on Thursday, January 25 by Needham. As per Tuesday, December 15, the company rating was initiated by Morgan Stanley. The rating was maintained by JP Morgan on Thursday, January 25 with “Overweight”. Credit Suisse maintained it with “Buy” rating and $245.0 target in Wednesday, October 18 report. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 13 report. The firm earned “Buy” rating on Thursday, January 25 by Deutsche Bank. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Buy” rating given on Friday, September 25 by CLSA.

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