EPS for Lam Research Corporation (LRCX) Expected At $3.02

July 18, 2017 - By Maria Brooks

 EPS for Lam Research Corporation (LRCX) Expected At $3.02
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.
Massmutual Trust Fsb Adv invested 0% in Lam Research Corporation (NASDAQ:LRCX). Ellington Mngmt Grp Ltd Liability Corp reported 0.08% stake. State Board Of Administration Of Florida Retirement invested in 0.07% or 213,731 shares. Rafferty Asset Mngmt Ltd Liability Corp, a New York-based fund reported 37,780 shares. Main Street Limited Liability Co stated it has 93,761 shares or 1.93% of all its holdings. Jefferies Gru Ltd Liability has 1,082 shares for 0% of their portfolio. Eqis Cap Mgmt invested in 0.09% or 13,410 shares. Daiwa Grp accumulated 18,800 shares or 0.01% of the stock. Systematic Finance Management Lp owns 236,022 shares. Bb&T reported 95,291 shares or 0.21% of all its holdings. 1.08 million were reported by Uss Limited. Everence has invested 0.12% in Lam Research Corporation (NASDAQ:LRCX). 23,442 were accumulated by Bluemountain Mgmt. Profund Advsr Lc holds 0.17% or 34,767 shares in its portfolio. Legal General Gp Public Limited Company has invested 0.07% in Lam Research Corporation (NASDAQ:LRCX).

Since January 31, 2017, it had 0 insider purchases, and 20 insider sales for $38.00 million activity. $9.96 million worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by Gottscho Richard A. 1,903 Lam Research Corporation (NASDAQ:LRCX) shares with value of $226,343 were sold by Bettinger Douglas R. Shares for $759,976 were sold by O’Dowd Sarah A. Another trade for 20,047 shares valued at $3.01M was sold by NEWBERRY STEPHEN G. $595,150 worth of Lam Research Corporation (NASDAQ:LRCX) shares were sold by ARCHER TIMOTHY. Anstice Martin B had sold 48,000 shares worth $5.80 million on Monday, March 13.

Analysts await Lam Research Corporation (NASDAQ:LRCX) to report earnings on July, 26. They expect $3.02 earnings per share, up 67.78 % or $1.22 from last year’s $1.8 per share. LRCX’s profit will be $494.61M for 13.00 P/E if the $3.02 EPS becomes a reality. After $2.80 actual earnings per share reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 7.86 % EPS growth. The stock decreased 0.20% or $0.32 during the last trading session, reaching $156.98. About 1.66 million shares traded. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since July 18, 2016 and is uptrending. It has outperformed by 91.16% the S&P500.

Lam Research Corporation (NASDAQ:LRCX) Ratings Coverage

Among 15 analysts covering Lam Research Corporation (NASDAQ:LRCX), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Lam Research Corporation had 41 analyst reports since September 17, 2015 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $102 target in Friday, August 12 report. Cowen & Co maintained Lam Research Corporation (NASDAQ:LRCX) on Monday, May 16 with “Outperform” rating. As per Monday, June 5, the company rating was maintained by UBS. On Wednesday, October 21 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was upgraded by Pacific Crest to “Overweight” on Thursday, March 16. Citigroup maintained the shares of LRCX in report on Thursday, October 6 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Underperform” on Thursday, October 22. Needham maintained the stock with “Buy” rating in Thursday, January 26 report. The stock of Lam Research Corporation (NASDAQ:LRCX) earned “Outperform” rating by RBC Capital Markets on Friday, January 13. The rating was maintained by Needham on Thursday, October 20 with “Buy”.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The company has market cap of $25.71 billion. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits . It has a 20.02 P/E ratio. It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment.

More important recent Lam Research Corporation (NASDAQ:LRCX) news were published by: Zacks.com which released: “Time to Focus on Lam Research (LRCX) for Strong Earnings Growth Potential July …” on July 12, 2017, also Seekingalpha.com published article titled: “It’s Time To Pay Attention To Lam Research Corporation”, Finance.Yahoo.com published: “Lam Research’s (LRCX) Price Target Raised Over 6% by Needham” on June 19, 2017. More interesting news about Lam Research Corporation (NASDAQ:LRCX) was released by: Benzinga.com and their article: “Applied Materials, Lam Research: Long Trade Ideas Heading Into Semicon West …” with publication date: July 05, 2017.

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