Lam Research Corporation (LRCX): Overbought Stock Of Yesterday

Tuesday, 17 Oct, 2017

As per Tuesday, June 13, the company rating was maintained by UBS.

Lam Research Corporation pays an annual dividend of $1.80 per share and has a dividend yield of 1.1%. W W Grainger Inc (NYSE:GWW) has declined 21.15% since October 15, 2016 and is downtrending. It has underperformed by 1.39% the S&P500.

Origin Asset Management Llp decreased Lam Research Corp (LRCX) stake by 25.97% reported in 2017Q2 SEC filing.

Lam Research Corporation (LRCX) formed wedge up with $200.85 target or 3.00% above today's $195.00 share price. Bkd Wealth Limited Liability Company holds 2,837 shares or 0.05% of its portfolio.

According to Lam Research Corporation's Insider ownership is at 0.20%.

In other news, Director Stephen G. Newberry sold 1,500 shares of the business's stock in a transaction dated Thursday, July 20th. 1,055,873 shares of the company's stock were exchanged.

Lam Research Corporation beats FormFactor on 11 of the 16 factors compared between the two stocks. It has outperformed by 91.16% the S&P500.

Since May 18, 2017, it had 0 insider purchases, and 3 selling transactions for $4.83 million activity. Shares for $1.39M were sold by ARCHER TIMOTHY on Monday, June 12. LORD PATRICK J sold $430,320 worth of Lam Research Corporation (NASDAQ:LRCX) on Tuesday, June 13.

Lam Research Corporation (NASDAQ LRCX) traded up 0.92% during trading on Monday, reaching $191.65. Therefore 100% are positive.

The Manufacturers Life Insurance Company lowered its position in Lam Research Corporation (NASDAQ:LRCX) by 17.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $31.20B.

The stock of Lam Research Corporation (NASDAQ:LRCX) hit a new 52-week high and has $201.14 target or 4.00% above today's $193.40 share price. Credit Suisse Group set a $214.00 price target on shares of Lam Research Corporation and gave the company a buy rating in a research note on Thursday, July 27th. As per Monday, October 5, the company rating was downgraded by RBC Capital Markets. Citigroup maintained Lam Research Corporation (NASDAQ:LRCX) on Thursday, October 6 with "Buy" rating. The company was reinitiated on Tuesday, October 25 by Goldman Sachs. On Thursday, January 26 the stock rating was maintained by Cowen & Co with "Outperform". At the moment, the average analyst rating for LRCX is Moderate Buy. The firm has "Overweight" rating by Morgan Stanley given on Tuesday, December 15.

Creative Planning decreased Vanguard Bd Index Fd Inc (BND) stake by 34,713 shares to 944,031 valued at $77.25 million in 2017Q2. It also upped Southwest Airls Co (NYSE:LUV) stake by 27,000 shares and now owns 265,549 shares. Colgate Palmolive Co (NYSE:CL) was reduced too.

Investors of record on Wednesday, September 13th were given a dividend of $0.45 per share.

Now insiders hold 1,461,531 shares in the business which makes up 0.91% of shares. It fall, as 43 investors sold LRCX shares while 255 reduced holdings. Odey Holdings AG raised its stake in shares of Lam Research Corporation by 9.9% during the second quarter. For the quarter ending Sep-18, 10 analysts have a mean sales target of 2,514.00 million whilst for the year ending Jun-17, 18 analysts have a mean target of 7,987.95 million. Koch Indus reported 310,925 shares. Massmutual Fsb Adv stated it has 0% in Lam Research Corporation (NASDAQ:LRCX).

07/27/2017 - Lam Research Corporation had its "outperform" rating reiterated by analysts at Cowen. Whale Rock Ltd Liability Co has invested 3.97% in Lam Research Corporation (NASDAQ:LRCX). Advantus Management, a Minnesota-based fund reported 5,387 shares. Lockheed Martin Investment Mngmt reported 10,000 shares or 0.08% of all its holdings. Cornerstone Capital Lc holds 0.27% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 242,107 shares. Pictet Asset Management owns 78,154 shares. 27,700 were accumulated by Ci Investments. Regions Fincl Corporation owns 0.03% invested in Lam Research Corporation (NASDAQ:LRCX) for 16,287 shares. The Adams Express Company holds 99,800 shares with $14.12 million value, down from 127,600 last quarter. 171 are owned by Gemmer Asset Ltd Liability. Laffer has invested 0% in Lam Research Corporation (NASDAQ:LRCX).

Among 4 analysts covering Check-Cap (NASDAQ:CHEK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 22% are positive. After $3.11 actual EPS reported by Lam Research Corporation for the previous quarter, Wall Street now forecasts 4.82% EPS growth. The company was maintained on Thursday, January 26 by Needham. The company was maintained on Wednesday, July 22 by Chardan Capital Markets. On Wednesday, August 9 the stock rating was maintained by BMO Capital Markets with "Hold". The firm has "Equal-Weight" rating by Barclays Capital given on Monday, October 5.

Among 16 analysts covering W.W. Grainger (NYSE:GWW), 1 have Buy rating, 3 Sell and 12 Hold.