Analysts Set Lam Research Corporation (LRCX) PT at $118.94

Analysts Set Lam Research Corporation (LRCX) PT at $118.94

Lam Research declared that its board has authorized a stock repurchase plan on Tuesday, November 14th that permits the company to buyback $2.00 billion in outstanding shares. Whale Rock Capital Management Llc who had been investing in Lam Research Corp for a number of months, seems to be bullish on the $31.61B market cap company. The stock has a market cap of $31,460.00, a P/E ratio of 18.04, a PEG ratio of 0.90 and a beta of 1.57. United Asset Strategies accumulated 2,284 shares.

Matthew Tewksbury decreased its stake in Marathon Oil Corp (MRO) by 87.28% based on its latest 2017Q3 regulatory filing with the SEC. Schwab Charles Investment Management Inc. now owns 530,597 shares of the semiconductor company's stock worth $75,043,000 after purchasing an additional 18,781 shares in the last quarter. Based on an average trading volume of 2,926,875 shares, the days-to-cover ratio is now 4.9 days. The stock increased 1.40% or $1.88 during the last trading session, reaching $136.16. During the same period in the prior year, the firm earned $1.81 earnings per share. research analysts anticipate that Lam Research will post 14.74 EPS for the current fiscal year. MPLX LP (NYSE:MPLX) has risen 11.48% since January 10, 2017 and is uptrending.

Investors sentiment decreased to 1.04 in 2017 Q3. Its up 0.25, from 1.1 in 2017Q2. It increased, as 51 investors sold LRCX shares while 238 reduced holdings. The hedge fund held 1.26 million shares of the edp services company at the end of 2017Q3, valued at $9.11M, up from 1.20 million at the end of the previous reported quarter. Pillar Pacific Cap Management Ltd Liability reported 2,425 shares or 0.06% of all its holdings. Schroder Investment Management Group grew its holdings in Lam Research by 3,248.5% during the 3rd quarter. Growth Mgmt Ltd Partnership stated it has 2.04% in Lam Research Corporation (NASDAQ:LRCX). Caisse De Depot Et Placement Du Quebec holds 0% or 6,217 shares in its portfolio. Cambridge Inv Research holds 17,928 shares or 0.04% of its portfolio. Advisors Asset Management Inc. increased its stake in shares of Lam Research by 27.7% in the 2nd quarter.

Royce & Associates LP reduced its position in shares of Lam Research Co. 8,341 were reported by Oppenheimer Co. Wells Fargo & Mn accumulated 0% or 39,980 shares. Cwm accumulated 388 shares. Waddell & Reed Fincl reported 0.64% in Lam Research Corporation (NASDAQ:LRCX). (NASDAQ:BCOV). Bank & Trust Of Montreal Can holds 1,116 shares or 0% of its portfolio.

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Lam Research Corporation (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 25th. Livforsakringsbolaget Skandia Omsesidigt has 0.15% invested in Lam Research Corporation (NASDAQ:LRCX) for 8,754 shares. Therefore 91% are positive. Lam Research Corporation has a one year low of $66.66 and a one year high of $119.14. After $1.41 actual earnings per share reported by Marriott Vacations Worldwide Corporation for the previous quarter, Wall Street now forecasts -17.73% negative EPS growth. Needham maintained Lam Research Corporation (NASDAQ:LRCX) on Friday, October 9 with "Buy" rating. As per Friday, October 9, the company rating was maintained by Needham. Dougherty & Company maintained it with "Buy" rating and $20 target in Tuesday, July 28 report. TEVENS TIMOTHY T sold $1.48 million worth of stock. Also, VP Patrick J. Lord sold 264 shares of the business's stock in a transaction that occurred on Friday, November 24th. Nomura maintained it with "Buy" rating and $160 target in Friday, November 3 report. The firm earned "Hold" rating on Monday, October 23 by Northland Capital. The stock has "Buy" rating by Citigroup on Thursday, October 6.

Since September 11, 2017, it had 0 insider purchases, and 10 insider sales for $7.30 million activity. NEWBERRY STEPHEN G sold $128,600 worth of Lam Research Corporation (NASDAQ:LRCX) on Wednesday, October 18.

Convergence Investment Partners Llc, which manages about $492.68 million and $705.85M US Long portfolio, decreased its stake in Lincoln Natl Corp Ind (NYSE:LNC) by 5,426 shares to 22,792 shares, valued at $1.68 million in 2017Q3, according to the filing. It also increased its holding in Hasbro Inc (NASDAQ:HAS) by 37,420 shares in the quarter, for a total of 42,087 shares, and has risen its stake in Bioverativ Inc. The rating was downgraded by Zacks to "Sell" on Monday, September 21. Therefore 60% are positive. The firm has "Buy" rating given on Tuesday, June 13 by UBS. The ex-dividend date of this dividend is Tuesday, December 5th. Cowen & Co maintained the shares of LRCX in report on Thursday, December 10 with "Outperform" rating. The stock has "Outperform" rating by Cowen & Co on Thursday, January 26. The company was upgraded on Friday, April 29 by Credit Suisse. Three investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company's stock. The stock has "Buy" rating by Goldman Sachs on Monday, December 19. The rating was maintained by RBC Capital Markets on Friday, January 13 with "Outperform". The company has a consensus rating of "Buy" and an average price target of $213.83. Sell-side analyst recommendations point to a short term price target of $222.94 on the company shares. Alliancebernstein Limited Partnership has 0% invested in Investors Title Company (NASDAQ:ITIC). LRCX comes in with a P/S ratio of 3.62 that's greater than 1, potentially implying that it could be expensive relative to the overall sector (2.78) and its peers (3.95). Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued. 15 funds opened positions while 94 raised stakes.

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