Traders Buy Lam Research (LRCX) on Weakness

Lam Research

The hedge fund run by Alex Sacerdote held 401,339 shares of the industrial machinery and components company at the end of 2017Q2, valued at $56.76M, up from 238,936 at the end of the previous reported quarter. Vanguard Group Inc. now owns 16,162,079 shares of the semiconductor company's stock worth $2,285,802,000 after acquiring an additional 411,951 shares during the last quarter.

Lam Research Corp (LRCX) now has a 14-day Commodity Channel Index (CCI) of -112.29. It has outperformed by 91.16% the S&P500.The move comes after 7 months positive chart setup for the $29.62B company. Similarly, the company's Group Vice President LORD PATRICK J on 2017-11-24 Sell 264 shares of the company at a price of $216.08. The institutional investor held 70,538 shares of the home furnishings company at the end of 2017Q2, valued at $2.29M, down from 81,338 at the end of the previous reported quarter.

Since June 12, 2017, it had 0 buys, and 2 insider sales for $1.82 million activity.

The stock decreased 5.07% or $0.9 during the last trading session, reaching $16.85. About 76,409 shares traded. (VRX) has declined 48.51% since December 6, 2016 and is downtrending. It has underperformed by 6.60% the S&P500.

Currently Lam Research Corporation (NASDAQ:LRCX)'s shares owned by insiders are 0.30%, whereas shares owned by institutional owners are 96.60%. Therefore 86% are positive.

MI Buys 1567 Shares of JP Morgan Chase & Co (NYSE:JPM)
Finally, LaFleur & Godfrey LLC bought a new stake in shares of J P Morgan Chase & Co in the 1st quarter worth about $11,107,000. Keefe, Bruyette & Woods reiterated a "hold" rating on shares of J P Morgan Chase & Co in a report on Wednesday, October 11th.

In case of Revenue Estimates, 14 analysts have provided their consensus Average Revenue Estimates for Lam Research Corporation as 2.57 Billion. The company was maintained on Wednesday, October 21 by Cowen & Co. Finally, Needham & Company LLC restated a "buy" rating and issued a $200.00 price target on shares of Lam Research in a report on Friday, September 1st. The company was maintained on Thursday, October 19 by Argus Research. CLSA upgraded Lam Research Corporation (NASDAQ:LRCX) on Friday, September 25 to "Buy" rating. Lam Research Corporation (NASDAQ:LRCX) has risen 107.86% since December 6, 2016 and is uptrending. Lam Research Corporation's average EBITDA per Share Growth Rate was 80.2 percent during the past 12 months.

Whale Rock Capital Management Llc, which manages about $1.16 billion and $1.43 billion US Long portfolio, decreased its stake in Netflix Inc (NASDAQ:NFLX) by 346,329 shares to 309,753 shares, valued at $46.28 million in 2017Q2, according to the filing. It also reduced its holding in Host Hotels & Resorts Inc (Put) by 1.96M shares in the quarter, leaving it with 40,000 shares, and cut its stake in Facebook Inc (NASDAQ:FB). Comerica Securities accumulated 8,061 shares. Nasdaq.com's news article titled: "Lam Research Corporation (LRCX) Ex-Dividend Date Scheduled for December 05, 2017" with publication date: December 04, 2017 was also an interesting one. It last reported revenues of $276.34 million and EPS of $0.11 for the September 2017, representing -13% top-line growth and 0.26 EPS growth. Its down 0.14, from 1.12 in 2017Q1.

A number of large investors have recently bought and sold shares of the stock. 149.22 million shares or 7.19% less from 160.77 million shares in 2017Q1 were reported. Gratry Co Limited Liability Com holds 0.58% or 3,340 shares in its portfolio. Breton Hill Cap Ltd has invested 0.08% of its portfolio in Lam Research Corporation (NASDAQ:LRCX). Citigroup maintained Lam Research Corporation (NASDAQ:LRCX) rating on Wednesday, October 18. Credit Suisse Ag invested in 501,885 shares or 0.07% of the stock. Old Mutual Investors (Uk) Ltd holds 1.51% of its portfolio in Lam Research Corporation (NASDAQ:LRCX) for 878,960 shares.

Lam Research Corporation (NASDAQ:LRCX) slipped over -0.12% at $180.53.

Chou Associates Management Inc. holds 16.38% of its portfolio in Valeant Pharmaceuticals International, Inc. for 3.05 million shares. Finally, Royal Bank Of Canada upped their price objective on Lam Research from $185.00 to $210.00 and gave the company an "outperform" rating in a report on Wednesday, October 18th. New Mexico Educational Retirement Board reported 0.12% in Lam Research Corporation (NASDAQ:LRCX). Harbour Capital Advisors LLC boosted its stake in Lam Research by 13,054.2% in the second quarter. 20,607 were reported by Caisse De Depot Et Placement Du Quebec. The Illinois-based Great Lakes Ltd Llc has invested 0.03% in Lam Research Corporation (NASDAQ:LRCX). Massachusetts-based Clough Ptnrs Lp has invested 0.85% in Lam Research Corporation (NASDAQ:LRCX).

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