Economy

Scan For Analyst Views: Black Knight, Inc. (BKI), Lam Research Corporation (LRCX)

Scan For Analyst Views: Black Knight, Inc. (BKI), Lam Research Corporation (LRCX)

Lam Research Corporation (NASDAQ LRCX) traded up $3.81 during mid-day trading on Tuesday, hitting $218.91. The portion of a company's profit allocated to each outstanding share of common stock was $10.95 a share in the trailing twelve months.

Lam Research Corporation (NASDAQ:LRCX) last released its quarterly earnings results on Tuesday, October 17th.

Several other hedge funds have also bought and sold shares of the business. MA ended last trade at $125.39 a share and the price is up more than 59.27% so far this year.

Lam Research Corporation announced that its board has initiated a stock repurchase plan on Tuesday, November 14th that authorizes the company to repurchase $2.00 billion in shares. This is a boost from Lam Research Corporation's previous quarterly dividend of $0.45.

The company's ATR (Average True Range) is 4.95. Parkwood Ltd has 0.07% invested in Lam Research Corporation (NASDAQ:LRCX). Its investment stood at $14,703,000 an increase of 28.7% according to the filing. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. As of December 31, 2016, the Company owned a 98% interest in Haverhill Coke Company LLC, Middletown Coke Company, LLC (Middletown), and Gateway Energy and Coke Company, LLC (Granite City). The stock was sold at an average price of $170.00, for a total transaction of $127,500.00. The disclosure for this sale can be found here.

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Whereas, firm has insider ownership was declared as 0.30% and Insider transaction was recorded recently as -17.02%. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of U.S. and global copyright and trademark law. If you are reading this report on another site, it was copied illegally and republished in violation of United States & global copyright and trademark law. Mariner Wealth Advisors Limited Com reported 0.11% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Needham & Company LLC reaffirmed a "buy" rating and issued a $200.00 target price on shares of Lam Research Corporation in a report on Friday, September 1st. KeyCorp restated a "buy" rating and issued a $225.00 price target on shares of Lam Research Corporation in a research note on Sunday. As per Thursday, October 19, the company rating was maintained by Argus Research. Out of 6 Wall Street analysts rating Pier 1 Imports, 2 give it "Buy", 1 "Sell" rating, while 3 recommend "Hold".

October 19 investment analysts at Berenberg Bank maintained a company rating of "Buy" with a current price target of $240.00. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since November 22, 2016 and is uptrending. The company's market cap is $35.29 Billion, and the average volume is $2.01 Million. Revenue during the quarter was $264.8 million, representing -1% growth from $268.6 million in year-ago quarter. Alpha Windward Llc sold 4,278 shares as Lam Research Corp (LRCX)'s stock rose 32.64%. Vanguard Group Inc. raised its stake in Lam Research Corporation by 2.6% during the 2nd quarter.

Black Knight, Inc. most recently reported earnings per share (EPS) of $0.36 for the September 2017 versus $0.29 in the same quarter previous year, representing 24% growth. Lam Research Corporation had a net margin of 22.85% and a return on equity of 30.19%. The firm had revenue of $2.48 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter last year, the firm posted $1.81 earnings per share. analysts forecast that Lam Research Corporation will post 14.74 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Moreover, First Tru Advsr LP has 0.28% invested in Lam Research Corporation (NASDAQ:LRCX). The ex-dividend date of this dividend is Tuesday, December 5th. Lam Research Corporation (LRCX) has shown a upward trend during time of recent session. With today's market cap for Lam Research Corporation, traders can easily name it as one of the major player in its Semiconductor Equipment & Materials industry. This buyback authorization permits the semiconductor company to purchase shares of its stock through open market purchases. Lam Research Corp now has $34.92B valuation. The Firm designs, makes, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits.


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