Bridgeway Capital Management INC Has Boosted Stake in Lam Research Corp (LRCX) as Valuation Rose

January 21, 2018 - By Nellie Frank

Investors sentiment increased to 1.02 in 2017 Q3. Its up 0.04, from 0.98 in 2017Q2. It is positive, 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. Toronto Dominion Fincl Bank stated it has 0.04% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). State Street accumulated 0.11% or 6.78 million shares. Acadian Asset Management Limited Liability Corporation owns 0.68% invested in Lam Research Corporation (NASDAQ:LRCX) for 826,671 shares. M&T Bankshares has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX). Advisors Asset Mgmt reported 0.13% in Lam Research Corporation (NASDAQ:LRCX). Nj State Employees Deferred Compensation Plan invested in 15,625 shares or 0.52% of the stock. Conning Inc has invested 0.02% in Lam Research Corporation (NASDAQ:LRCX). Unknown-based Mckinley Capital Management Ltd Liability Delaware has invested 1.54% in Lam Research Corporation (NASDAQ:LRCX). Sun Life Financial, Ontario – Canada-based fund reported 1,198 shares. First Limited Partnership stated it has 675,929 shares. 1,080 are owned by C M Bidwell And Associates Ltd. The Norway-based Dnb Asset Mngmt As has invested 0.31% in Lam Research Corporation (NASDAQ:LRCX). Pitcairn invested in 0.19% or 9,179 shares. Andra Ap, a Alabama-based fund reported 32,000 shares. Da Davidson And Comm invested in 0.03% or 8,294 shares.

Since September 11, 2017, it had 0 buys, and 10 insider sales for $7.30 million activity. ARCHER TIMOTHY sold $1.49 million worth of Lam Research Corporation (NASDAQ:LRCX) on Tuesday, September 12.

Bridgeway Capital Management Inc increased its stake in Lam Research Corp (LRCX) by 3.71% based on its latest 2017Q3 regulatory filing with the SEC. Bridgeway Capital Management Inc bought 17,400 shares as the company’s stock rose 32.64% with the market. The institutional investor held 485,906 shares of the industrial machinery and components company at the end of 2017Q3, valued at $89.91M, up from 468,506 at the end of the previous reported quarter. Bridgeway Capital Management Inc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $33.61 billion market cap company. The stock increased 1.01% or $2.08 during the last trading session, reaching $207.53. About 2.61M shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since January 21, 2017 and is uptrending. It has outperformed by 91.16% the S&P500.

Bridgeway Capital Management Inc, which manages about $3.34 billion and $8.76 billion US Long portfolio, decreased its stake in Stepan Co (NYSE:SCL) by 51,100 shares to 112,700 shares, valued at $9.43M in 2017Q3, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 159,870 shares in the quarter, leaving it with 198,965 shares, and cut its stake in Insperity Inc (NYSE:NSP).

More recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Benzinga.com which released: “Susquehanna Upgrades Lam Research On Favorable Industry Outlook” on January 16, 2018. Also Nasdaq.com published the news titled: “5 Reasons Why You Should Buy Lam Research (LRCX) Stock Now” on January 15, 2018. Seekingalpha.com‘s news article titled: “Dinner With Lam Research” with publication date: January 04, 2018 was also an interesting one.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 23 analysts covering Lam Research Corporation (NASDAQ:LRCX), 22 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Lam Research Corporation had 70 analyst reports since September 17, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 13. B. Riley & Co maintained it with “Buy” rating and $98 target in Thursday, October 22 report. The stock of Lam Research Corporation (NASDAQ:LRCX) has “Outperform” rating given on Monday, May 16 by Cowen & Co. The stock has “Neutral” rating by Citigroup on Thursday, August 3. The rating was maintained by Needham on Friday, September 1 with “Buy”. On Wednesday, October 18 the stock rating was maintained by Citigroup with “Neutral”. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Buy” rating by RBC Capital Markets on Wednesday, August 30. As per Thursday, January 26, the company rating was maintained by Cowen & Co. DA Davidson maintained it with “Buy” rating and $120 target in Thursday, October 6 report. Instinet upgraded the stock to “Buy” rating in Thursday, December 7 report.

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